Raps corrected

Yesterday, rapeseed was unable to continue the upward trend of the last few days. The listing on Euronext/Matif was weaker with a loss of 5 euros/t in the front month. The closing price was set at 452 euros/t. Declining prices for crude oil had a negative impact, as did the weak specifications from the soy complex. In addition, some traders share the opinion that the recent price rally for rapeseed was a little too euphoric. After the friendly start to the week yesterday, canola on the ICE in Winnipeg also gave up the previous day's gains and closed at 638.50 Can dollars/t (433.29 euros/t). Rapeseed meal prices at the wholesale level are also slightly weaker this week. Availability has recently improved, but it is still not plentiful.

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