07.
05.24
09:20

Rapeseed benefits from positive market environment

Rapeseed continued its significant rise of the whole of last week at the beginning of this week. The most traded August futures contract rose by 11.25 euros to 481.00 euros per tonne. This means that the contract has recorded an increase of 21.50 euros per tonne within one week. The soybean house is providing support. Concerns about quality, particularly in parts of France but also in western Germany, are giving price expectations an additional tailwind. Here, regional storms have affected stocks. In Canada, analysts expect today's monthly report from the statistical office to show significantly higher stocks compared to the previous year. At least 8 million tons are expected to be in storage, which would be one million tons more than a year ago. Sowing is still underway in the western prairies. However, this could be slightly delayed by the urgently needed rain that has been reported. Prices for rapeseed are also rising on the cash markets. Rapeseed meal has also risen in price for the most part.

Source
VR AGRAR
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