Prices for rapeseed and canola are falling under the pressure of news from Canada

2017-12-07 12:27:28
Machine translation
Prices for rapeseed and canola are falling under the pressure of news from Canada

the Concerns of canadian farmers, a relatively poor yield of canola because of the summer drought in the prairies and a powerful precipitation in the East did not materialize.

 

the Agency StatsCan in yesterday's report has increased compared to the previous forecast estimate of canola production by 8.7% from 20.2 to of 21.31 million tons, that 1.71 million tons higher than the figure recorded last year.

 

After the publication of the report of the January canola futures in Winnipeg fell 0.9% to CAD 505,3/t or 394 $/t, while the price of canola on Euronext fell 2.5 €/t to 366,5 €/t or 432 $/t

 

the European Commission and analysts Strategie Grains last week raised the forecast of gross yield of rapeseed in the EU is expected of 19.71 million tons to 21.7 million tonnes, collapsed stock prices for rapeseed from 6 €/t

 

Recall that the European Commission expects to reduce imports of rapeseed to the EU from 4.7 million tonnes in the 2016/17 season to 3.46 million tonnes in 2017/18 season.

 

the Canadian manufacturers increased in comparison with last year soybean production by 18.75% to 7.7 million tonnes Through that prices for soybeans in Chicago dropped to 1% to 367,25 $/t