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.