European rapeseed problems support canola

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Adverse weather conditions in Europe this winter will likely cut into rapeseed production in the region, which would provide some indirect support for the Canadian canola market.

"Any loss in Europe would tighten up world supplies? which would support our prices," said Chris Beckman, oilseed analyst with Agriculture and Agri-Food Canada?s market analysis division in Winnipeg.

Rapeseed is grown as a winter crop in Europe and Ukraine, and reports of cold temperatures over the winter months have led to increased concerns of winterkill, according to reports from the region.

Read more at http://agcanada.com/daily/european-rapeseed-problems-support-canola/
 
 
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