15.
06.22
09:51

Brazilian soy exports are losing momentum

After the losses of the previous day, rapeseed prices returned to their old form and recorded moderate gains. In Canada, futures also rallied to end trading in the red. Due to the precipitation, a reduction in the acreage in the east is expected. Another day in the red ended Tuesday at the CBoT for the soybean complex. As with the grain markets, the generally bearish mood on the stock markets and the strengthening US dollar pulled the oilseeds down. According to the USDA, 70% of soy stocks are in good to very good condition, which is better than last year. Brazilian soybean exports lost momentum last month, reaching a volume of 10.63 million tons. In the previous year, the value was still 13.7 million tons.

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