Raps could not hold the home of the last few days yesterday and gave up on all appointments. However, the losses were moderate, especially in comparison to the increases of the day before yesterday. The May contract closed down EUR 1.75 at EUR 553.50 per tonne. France's Ministry of Agriculture has adjusted the area forecast for its own country upwards for the coming rapeseed harvest. It is expected that the oilseed will be cultivated on an area of 1.34 million hectares. Compared to the last forecast by the Ministry of Agriculture, the area under cultivation has been corrected upwards by 50,000 hectares, which would be an increase of 9 percent compared to the previous year. Due to technical problems, the EU Commission did not publish any new import figures yesterday. These should now follow tomorrow, Thursday. In Canada, canola prices fell again yesterday. The most traded March date closed with a loss of 3.10 Can-$ at 826.10 Can-$/t (575.53 Euro/t). Soybeans on the CBoT turned negative again yesterday. First and foremost, profit-taking is made responsible for the price development. However, the setbacks were limited by the weather concerns in South America.There are signs of rising temperatures in Argentina, while the harvest in Brazil may still not really pick up speed. US soybean processing numbers for January will attract attention today. It is expected that the processing volumes will be higher than in December, but will level off at the levels of the previous year. Soybean meal was also in reverse yesterday, while soybean oil was up. One
Source
VR AGRICULTURAL
