30.
11.22
11:14

Brazil's soybean planting on target

After the losses at the beginning of the week, rapeseed prices recovered and posted moderate gains yesterday. The May date recorded the highest profit with 3.50 euros/tonne to 589.25 euros/tonne. In Winnipeg, the scoreboards glowed dark green. Rising oil prices drove double-digit gains. Crude oil in particular was able to increase again yesterday and thus supported the price development. The soy complex failed to find a unified direction on Tuesday. While beans posted modest gains, while the meal contracts are still in the red. Market participants are eagerly awaiting the new report on soybean processing tonight. A processed quantity of oilseed of 150.5 million tons is expected. Meanwhile, work on soybean sowing in Brazil continues at full speed. Around 87% of the fields have now been tilled. However, it has not yet been possible to match the previous year's level. According to AG-Rural, the expected harvest is 150.5 million tons. Exports are estimated at 2.05 million tons for November, down from October's volume of 3.56 million tons.

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