Soy shipment provides a boost

As a result of the overall bullish mood on the agricultural markets, rapeseed also went up on the Euronext/Matif. With a daily profit of EUR 9 per tonne, the August date closed at EUR 879.50 per tonne. On the ICE in Winnipeg, canola went up by 15 can dollars and is quoted at the equivalent of 892 euros/t. In Canada itself, there is currently no sign of an improvement in the weather situation, either in the rainy east or in the dry west. In addition to the mood on the agricultural markets as a whole, soya benefited from the export figures yesterday. Last week, 784,187 tons of soybeans were shipped, up 55.4 percent from the previous week and 152.6 percent from the same week last year. Market participants see this as confirmation of their expectations that export business should continue to pick up. Market participants were disappointed with the processing industry report. Instead of a new monthly record, the soybean processing figures fell below the previous month's result.