Oilseeds - Oils

Rapeseed: soy and crude oil provide some support for the market

February 12, 2020 3:43 PM, Der AUDITOR
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HAMBURG. The canola and rapeseed markets were able to recover after the slump. A low loonie in Canada and a falling euro in Western Europe supported forward rates. Slight support also came from the soybean oil and crude oil markets.

In Winnipeg, the front date at noon was at CAD 460.80 per metric tonne, which is CAD 2.00 higher than yesterday. Rapeseed increased in Paris at the front date by EUR 5.50 to EUR 396.00 per metric tonne. In Canada, trade justified the slight price gains with the loonie, which fell to 75.14 cents per USD. Slightly higher soybean oil prices supported the market again, while palm oil in Kuala Lumpur closed yesterday at 2,695 ringgit per metric tonne yesterday, 59 ringgit weaker than the previous day. According to the Malaysian Palmoil Board, stocks of Malaysian palm oil amounted


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