# European Rapeseed Rallies

> May European rapeseed rose EUR 4.25 to EUR 368 per tonne on April 6, its third straight higher close. The contract has gained 11.3% since its March 16 low. The old-crop/new-crop spread is nearing an inverse, which signals front-end demand.

- Date: 2020-04-06 · published 2020-04-06T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/53743-european-rapeseed-rallies
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Technical strength and a tightening spread support European rapeseed and the canola complex, though reduced biodiesel demand from COVID limits the rally.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2020/04/06/european-rapeseed-rallies

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.