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Rapeseed prices have risen to the point where demand is beginning to be deployed
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Rapeseed prices have risen to the point where demand is beginning to be deployed

  • Categories:Industry News
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  • Time of issue:2021-08-20 14:23
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(Summary description)News on August 19: Canadian analyst Cliff Jamison wrote an article that the November Canadian rapeseed futures of the Intercontinental Exchange (ICE) on August 17 hit a high of 940 Canadian dollars per ton, only below 7. The record high of 949 Canadian dollars/ton was set on the 13th. At the close of the market on August 18, November futures contracts fell, which was the first time to close in four trading days. Market investors were looking for directions. The challenge for the rapeseed market is how to determine how high the price of rapeseed needs to rise to ensure that the tight global inventory will not be depleted.

Rapeseed prices have risen to the point where demand is beginning to be deployed

(Summary description)News on August 19: Canadian analyst Cliff Jamison wrote an article that the November Canadian rapeseed futures of the Intercontinental Exchange (ICE) on August 17 hit a high of 940 Canadian dollars per ton, only below 7. The record high of 949 Canadian dollars/ton was set on the 13th. At the close of the market on August 18, November futures contracts fell, which was the first time to close in four trading days. Market investors were looking for directions. The challenge for the rapeseed market is how to determine how high the price of rapeseed needs to rise to ensure that the tight global inventory will not be depleted.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2021-08-20 14:23
  • Views:
Information

  News on August 19: Canadian analyst Cliff Jamison wrote an article that the November Canadian rapeseed futures of the Intercontinental Exchange (ICE) on August 17 hit a high of 940 Canadian dollars per ton, only below 7. The record high of 949 Canadian dollars/ton was set on the 13th. At the close of the market on August 18, November futures contracts fell, which was the first time to close in four trading days. Market investors were looking for directions. The challenge for the rapeseed market is how to determine how high the price of rapeseed needs to rise to ensure that the tight global inventory will not be depleted.

  In the two days of July 13 and August 17, rapeseed prices fell from their intraday highs and closed close to the middle of the trading range. This reflects that traders began to hesitate when they were high. However, one obvious difference between the two trading days is the difference in trading volume. About 20,696 lots of November futures were traded on July 13, an increase of 375% from the previous trading day and the third highest in history; on August 17, the price of rapeseed rose to 940 Canadian dollars/ton, but the transaction volume was only 8,350 lots. , Only an increase of 6.2% over the previous trading day, and a decrease of 2.9% over the average of the previous five days.

  The profit of rapeseed crushing was negative 1.05 Canadian dollars/ton on August 17, representing a loss of rapeseed crushing. In contrast, rapeseed crush profit was as high as 188.80 Canadian dollars/ton on June 10.

  Inflation data released by Statistics Canada on Wednesday showed another potential rationing signal. Consumer prices in July rose 3.7% year-on-year, higher than the 3.1% in June and higher than expected. The price of edible oil or salad oil increased by 15.4% (1 liter) year-on-year, which was much higher than the 6.4% in June and the highest year-on-year increase since March 2009.

  The global market is also facing demand rationing. When the price is converted to Australian dollars (1 Canadian dollar = 1.09 Australian dollars), the ICE rapeseed futures price was 986.23 Australian dollars/ton on August 18, and has risen to 1,000 Australian dollars/ton in recent days. This provides Australian growers with a fortune. Opportunities while passing on higher costs to buyers.

  From the perspective of weather, the weather forecast for the next seven days shows that it will rain in most parts of the Canadian prairie, which will extend the uncertainty of the production scale.

  公司奉行以社会责任为准则,以 “三靠三向” 为经营策略,即靠品味吸引客户,靠品质留住客户,靠品牌发展客户; 向规模要效益,向管理要效率,向团队要效果,努力探索保安服务新形式,不断拓宽保安服务新领域。公司现有保安队伍近1700余人,由5名高级保安师为核心组成了一个高效、 优质、 规范、 专业的管理服务团队。公司下设沌口保安总部、汉街营销中心以及四个分公司。总部下设8个保安大队,并组建1个督察队和1个特勤队,同时成立报警监控中心和智能安防中心,为湖北省境内外机关、团体、 金融部门、 三资企业、 办公楼、 宾馆、 娱乐场所、 住宅小区、 SOHO等100余家客户提供门卫、 巡逻、 守护、 安全检查、 区域秩序维护以及安全评估、 安保策划、 大型保卫、 报警监控、 智能安防、 前台礼仪、 物业管理等全方位服务,为维护社会治安秩序稳定,展现新时期保安风采作出了不可磨灭的贡献。

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