18.
04.24
10:19

Vegetable oils pull rapeseed down

Rapeseed also went downhill on Wednesday. The front month of May lost 4.75 euros/t and closed at 448.25 euros/t. The August contract, which is now the most traded, closed with a loss of 5.50 euros at 449 euros/t. Falling vegetable oil prices had a particularly negative impact. Palm oil fell for the fourth trading day in a row, marking a new six-week low. Soybean oil showed mixed signs yesterday and was unable to find a consistent direction. In addition, concerns about the Chinese economy are weighing on crude oil prices. In Canada, in addition to the weak market environment for vegetable oils, the price trend on the ICE is also being weighed down by a renewed slump in export demand.

Source
VR AGRAR
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