EU Rapemeal Prices

Posted by Nogger - a legend in his own mind at 10:59 | Categorized as

29/04/13 -- Rapemeal prices on the continent are firmer on old crop and weaker on new crop today. Tight availability due to reduced crush and seasonal downtime is keeping May/Jul offers fully steady.

Some improvement in new crop rapeseed production prospects trims offers for August onwards a little, although rapemeal prices for the winter are still at historically high levels when compared as a percentage of soymeal values.

Consumer interest in these forward positions is therefore minimal for the time being.

Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:


Apr13
Unq
n/a
May13
320.00
+2.00
Jun13
315.00
+1.00
Jul13
312.00
+3.00
Aug/Oct13
230.00
-2.00
Nov13/Jan14
230.00
-1.00
Feb/Apr14
230.00
-1.00
May/Jul14
228.00
unch