Oilseeds - Oils

Rapeseed: USDA damps export expectations

February 21, 2020 3:15 PM, Der AUDITOR
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HAMBURG. The canola and rapeseed markets developed in slightly opposite directions, with price gains in Winnipeg and slight price losses in Paris. The US soy market remained weak, with palm oil showing a slight increase. Coceral estimates that the EU rapeseed crop will be 2.3% higher.

In Winnipeg, rapeseed was trading at CAD 459.50 per metric tonne, which is CAD 1.70 higher than yesterday. Rapeseed fell by EUR 0.75 to EUR 400.00 per metric tonne at the front end in Paris. In Canada, slightly higher palm oil prices and a weaker loonie of 75.44 US cents support the canola market. But uncertainty about when China will meet its import obligations to the US on soybeans weighed on the market. The renewed rise in corona virus infections in China dampened higher expectations. The USDA's chief economist, Dr. Robert Johansson, dampens expectations that China could import US a

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