Rapeseed and canola friendly

Rapeseed continued its upward trend on Tuesday. On Euronext/Matif, the leading May date rose by 3 euros to 446.25 euros per ton. The positive development in crude oil and soybean meal supported the market. Farmers who still have rapeseed in their barns are still only willing to sell to a very limited extent. Rapeseed meal on the local cash markets is also being quoted somewhat more strongly again at the beginning of the week. In Winnipeg, Canola started the trading day yesterday with high premiums, but largely gave these back later in trading as losses in palm oil and soybean oil weighed on prices. Canola is currently showing little bullish and bearish impulses in its own market.

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