Further canola climbs headline new surge in grain prices
Canola prices globally rose sharply in the past week, primarily on the back of concerns surrounding the Canadian crop, but also due to lingering worries about the volume of European production.
In Canada, futures on the benchmark ICE (Intercontinental Exchange) futures contract hit seasonal highs while the second most important global canola futures product, offered on the French MATIF exchange also rallied sharply as concerns over supply were compounded by the hot and dry conditions through the Canadian prairies.
Oilseed prices were just one of the bullish stories in grain markets, with wheat prices also rallying on the back of supportive US Department of Agriculture data before falling this week.
Read also
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Dry weather hits Argentina’s corn crop
Spain cuts orange supplies due to low harvest
Oilseed processing in Ukraine has reached its peak in recent years thanks to expor...
China Updates Registration Rules for Foreign Food Manufacturers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon