Rapeseed prices are falling on the global market

Under the pressure of increased offers from European producers and falling soybean prices, February rapeseed futures on the Paris MATIF during the week fell by 2.8% to €414.25/t (-2.4% for the month), but due to the strengthening of the exchange rate Euro-dollar prices fell by 3.5% to $445.3/t, GrainTrade reports. Yes, March canola futures on the Winnipeg exchange fell 1.8% for the week to CAD 598/t or $443/t (-3% for the month). At the same time, in Ukraine, rapeseed prices in the Black Sea ports remain at a high level of $370-380/t or UAH 16,300-16,600/t, as traders need to purchase trial lots amid a shortage of offers from producers. The number of traders buying rapeseed is decreasing, so its prices will also decrease in the near future. Demand prices for deliveries to Germany and the Czech Republic during the week remained at the level of €400-410/t DAP, so deliveries towards the western border are very limited. According to the Strategie Grains forecast, the EU will harvest ...