Rapeseed prices are rising rapidly following crude oil and vegetable oil futures globally

Increased demand for vegetable oils and rising crude oil prices due to political uncertainty led to higher prices for rapeseed and canola. Despite the victory of Trump in the elections and the increase in crude oil reserves in the United States, January futures for Brent crude oil for the week rose by 3.7% to 75.5 $/barrel. February futures for rapeseed on the Paris MATIF for two sessions rose by 3.2% to a 3-year high of 532,75 €/t or 575 $/t (+1.9% for the week, +7% for the month) amid limited supply and rising prices for rapeseed oil. November canola futures on the Winnipeg stock exchange for two sessions rose by 4.5% to 645 CAD/t or 465 $/t (+4.6% for the month) following the rise in prices for vegetable oils, especially soybean oil in the United States. December futures for palm oil on the Bursa exchange in Malaysia for the week rose another 5.5% to 4952 ringgit/t or 1134 $/t on the data on the reduction of reserves. December futures for soybean oil on the Chicago stock ...