The FINANCIAL -- Euronext on October 7 announced record trading in its Rapeseed grains Futures contract on 6 October 2015 with 21,140 lots traded. This record surpasses the previous record of 20,881 lots in October 2013.
Rapeseed oil, thanks to its chemical properties, is a key component for the European diesel blending supply chain, especially in winter. The recent rally in the oil market and Rapeseed’s close correlation to gasoil have contributed to this increase in trading volumes, according to Euronext.
Euronext launched a combined Rapeseed derivatives complex in 2014, offering the industry both Rapeseed meal and Rapeseed oil futures and options in individual contracts. The launch expanded the Euronext commodities offering to cover the bio-diesel sector as it has allowed European mineral oil participants to hedge their bio-diesel price exposure.