EU Rapemeal Values Slide
25/07/13 -- Rapemeal prices on the continent are finally showing signs of some long overdue capitulation. A limit down move in nearby Chicago soymeal values last night, and the overnight Globex market also locked in limit down this morning have the market under pressure today. Paris rapeseed futures meanwhile are setting lifetime contract lows on an almost daily basis, with Aug 13 down to levels not seen in a front month since August 2010 today.
Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
| LH Jul13 |
248.00
|
-8.00
|
| Aug13 |
220.00
|
-10.00
|
| Sep13 |
216.00
|
-7.00
|
| Oct13 |
213.00
|
-7.00
|
| Nov13/Jan14 |
206.00
|
-4.00
|
| Feb/Apr14 |
204.00
|
-4.00
|
| May/Jul14 |
200.00
|
-6.00
|
| Aug/Oct14 |
188.00
|
-2.00
|