Since July 15, the main contract of ICE rapeseed futures (2411 contract) has continued to strengthen.

Zhengzhou Commodity Exchange rapeseed oil continued to strengthen following the main contract of ICE rapeseed futures (2411 contract), while the main contract of rapeseed meal futures showed a large positive line today.

Canada is one of the most important canola producing regions in the world. Here is the weather forecast for the canola producing regions in Canada over the next 15 days from the World Ag Weather website:

Overall situation of rapeseed producing areas

In the next 15 days, the precipitation in Canada's overall canola producing areas will be at normal levels only from July 25 to July 28, and will be lower than normal for the rest of the time; the temperature will be slightly lower than normal only on July 27, and will be higher than normal for the rest of the time.

Alberta

In the next 15 days, precipitation in the canola producing areas of Alberta, Canada will be generally higher than normal, but slightly lower than normal at some times; the temperature will be lower than normal from July 26 to July 27, and will be higher than normal at other times.

Saskatchewan

Over the next 15 days, precipitation in the canola-producing region of Saskatchewan, Canada will be below normal; temperatures will be slightly below normal on July 27 and above normal for the rest of the time.

Manitoba

In the next 15 days, precipitation in the canola-producing areas of Manitoba, Canada will be generally lower than normal; temperatures will be higher than normal.

The article is forwarded from: Jinshi Data