Odesa: This week rapeseeds price carried on the growing trend of August.
Ukrainian agrarians are manipulating the information about the bad weather conditions in Canada in their own favour. They are not in a hurry to sell their stocks, expecting the peak price. As a result, some market participants had to increase their purchase price to 630 $/t CPT to close their contracts. Local processors are also contributing to the pressure on prices.
In this situation, it is hard to predict what will be the next price action. The oilseeds market is showing a general growing trend at the moment. But it is quite possible that big buyers and processors can pause and make the farmers reduce the price.
The following reports may be of interest to you: