The collapse of oil prices led to a sharp reversal in rapeseed prices

According to Ukragroconsult with reference to graintrade.com.ua, Iran's response to the US attack on the country's nuclear facilities was less serious than expected, as 14 Iranian missiles sent to the US base in Qatar were intercepted, and President Trump announced that Israel and Iran would cease fire from June 24. It is worth recalling that the Iranian leader was dissatisfied with the support of his ally RF, and after the visit of the Iranian Foreign Minister to RF and a meeting with Putin, he likely understood that such support would not be forthcoming at all. July canola futures yesterday fell by 3.2% to 721 CAD/t or $525.6/t, completely losing last week's growth (0% for the month), and November futures - by 2.6% to 725 CAD/t (+4% for the month). This week in Canada, cool weather with rain is forecast, which will continue to improve canola crop conditions and increase price pressure. August rapeseed futures on the Paris exchange yesterday decreased by 1.3% to 499 €/t or $579/t ...