EU Rapemeal Prices

Posted by Nogger - a legend in his own mind at 11:44 | Categorized as

21/08/13 -- Rapemeal prices on the continent are sharply higher today. I'm not too sure why given that soymeal was down USD6.50 in Chicago last night.

One thing that does strike me, having only just got back off holiday, is that the nearby premium that was in the market before I went away has completely disappeared.

Aug13 was an EUR8/tonne premium to Nov13/Jan14 when I was last in the office, and today not much more than two weeks later it's an EUR8/tonne discount. That's quite a turnaround in a fortnight n'est pas?

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

Aug13
201.00
+6.00
Sep13
203.00
+5.00
Oct13
205.00
+5.00
Nov13/Jan14
209.00
+5.00
Feb/Apr14
209.00
+6.00
May/Jul14
208.00
+5.00
Aug/Oct14
199.00
+6.00
Nov/Jan14
205.00
+5.00