Rapeseed market focuses on new crop
The global rapeseed complex continues to receive support from the MATIF exchange.
This is reported by analysts at Spike Brokers.
The May contract rose from €485.75 to €488.00 (plus €2.25 t/t), the August contract from €466.75 to €466.00 (minor correction). Technically, the market remains in a consolidation phase above €480 with the potential to test €495-500 if weather risks persist in the EU.
On the physical European market, rapeseed oil has grown more noticeably: FOB Dutch mill March – €1,087 (plus €17 t/t), May – €1,075 (plus €7 t/t). This confirms stable demand from the biodiesel sector and processors.
In Ukraine, the remains of old-crop rapeseed are gradually decreasing, and the supply is spotty. The main focus of the market is already shifting to the new harvest, where prices are formed at a premium to MATIF against the backdrop of weather risks of overwintering.
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