The rapeseed contracts were again very volatile on Friday. The frontmoat was still in positive territory up until midday, but lost ground as trading progressed. Oil World from Hamburg is assuming that sunflower oil will be produced in abundance, which in turn could lead to pressure on the price of rapeseed. Nevertheless, Oil World expected an above-average price level in the coming harvest. The soy complex as a whole closed higher on Friday. The March-22 front month gains 9.25 US cents/bu. The USDA was able to support the market with a report of a private export sale of over 295,000 tons to "Unknown". At the same time, market participants are anticipating a reduction in the South American harvest in the run-up to the February Wasde. The drought in the country has damaged stocks. Pre-market, soybeans, soybean meal and soybean oil are still up today.
Source
VR AgrarBeratung AG
