Soya rose again in double digits on Friday. Crude oil prices, which rose sharply on Friday, provided corresponding support, while the US dollar also weakened somewhat. There is also speculation about your relaxation of the very restrictive corona policy in China. Recently, there has been increasing news that the government is considering a noticeable relaxation. This should also mean that soy exports in the country will be processed much better. In Brazil, farmers are reluctant to sell their upcoming harvest. According to the analyst firm Safras & Mercado, only 15 percent of the targeted harvest of 151.5 million tons has been sold, at this point in time it is already slightly more than a third. The grain exchange in Argentina reports that farmers have largely stopped sowing soybeans. The drought in the country is responsible for this. At the beginning of November, 50 percent of the targeted areas are usually spread, currently only 5 percent. Raps was also able to close more firmly on Friday. The February date climbed by EUR 4.75 to EUR 664.75/t.
Source
VR AGRICULTURAL
