ICE rapeseed follows CBOT soybeans back, traders say market sentiment is skewed towards bearish

Gold Ten Futures, August 22, according to foreign media reports, ICE rapeseed futures fell back, mainly due to the decline of Chicago bean futures and European rapeseed. An analyst pointed out: Market sentiment is skewed bearish, especially in the European market. On the positive side, Malaysian palm oil prices have risen, and crude oil prices have also risen slightly. Agricultural groups, as well as numerous businesses, continue to warn that the Canadian rail outage could cause damage to the Canadian economy, with some estimates showing daily losses of up to 1 billion Canadian dollars. A trader said the movement of rapeseed futures prices during the strike will depend on pressure from domestic buyers or increased demand from export customers.