# What is driving rapeseed prices higher? Grain Market Daily | AHDB

> UK feed wheat futures closed at £147.50/t for May-20 and Nov-20 at £153.50/t, with Egypt's GASC buying 235Kt of wheat. Paris rapeseed futures (May-20) rose €5.25/t since 21 October to €379.75/t, driven by gains in palm oil and other vegetable oils.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/56668-what-is-driving-rapeseed-prices-higher-grain-market-daily-ahdb
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rapeseed is tracking vegetable oil strength, with tight EU supplies forcing crushers and blenders to rely on global markets, which supports domestic rapeseed prices.

## Read by commodity

- WHEAT: neutral
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/what-is-driving-rapeseed-prices-higher-grain-market-daily

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