Rapeseed meal tends to be firmer

No clear direction for rapeseed

With the exception of the May contract, rapeseed mostly headed south yesterday. The now most traded August contract in Paris closed with a setback of 3.50 euros/t and a closing price of 460.50 euros/t. As a result of the overall upward trend in recent weeks, the cash markets are also showing a firmer tendency. Farmers are increasingly willing to sell at the current price level. However, as many stocks have already been contacted, trading remains manageable overall. This is unlikely to change much before the harvest. Rapeseed meal prices are trending slightly firmer, but are not moving in the same direction everywhere. While prices were firmer at wholesale level in Neuss and on the Lower Rhine, contracts fell slightly yesterday in Hamburg and Rostock. On the ICE in Winnipeg, canola closed yesterday with noticeable losses. In addition to the soybean market, weak export reports and higher estimated inventories among farmers weighed on trading.

Rapeseed meal tends to be firmer
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