EU Rapemeal Prices

Posted by Nogger - a legend in his own mind at 11:10 | Categorized as

01/07/13 -- Rapemeal prices on the continent are lower today. Nearby FH Jul has now slumped over EUR20/tonne in two days as old crop falls to meet new crop, even so it's still at a hefty near EUR80/tonne premium to Aug/Oct so more losses can be expected. US farmers will/have planted a record 77.7 million acres of soybeans the USDA tell us. The trade thinks that it's probably higher than that too.

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

FH Jul13
302.00
-6.00
LH Jul13
292.00
-2.00
Aug/Oct13
223.00
-3.00
Nov13/Jan14
213.00
-3.00
Feb/Apr14
211.00
-3.00
May/Jul14
210.00
-2.00
Aug/Oct14
194.00
-3.00