EU Rapemeal Prices - Post USDA
02/04/13 -- Rapemeal prices on the continent are lower folowing the sharp sell-off witnessed in Chicago soymeal on Thursday and Monday as Europe returns to work following the Easter break. Losses are greatest in new crop months, with tightness in availability due to poor crush margins and strong off-take widening the differential between old and new crop.
Guide prices, basis FOB Lower Rhine in euros/metric tonne, with change from previous session:
| Apr13 | 285.00 |
-4.00 |
| May13 | 278.00 |
-4.00 |
| May/Jul13 | 274.00 |
-4.00 |
| Aug/Oct13 | 212.00 |
-6.00 |
| Nov13/Jan14 | 216.00 |
-8.00 |
| Feb/Apr14 | 217.00 |
-7.00 |
| May/Jul14 | 215.00 |
-7.00 |