For the most part, rapeseed went north on the Euronext/Matif, only the front month, which is about to end, posted a minus, which is due to technical buying and selling. The situation surrounding the war in Ukraine also affected the rapeseed market yesterday. The federal government supplies battle tanks, other European countries and the USA do the same. Accordingly, concern about new escalations is growing. However, since the rapeseed market is very well supplied overall, the increase is significantly lower than, for example, for wheat. Canola also rose yesterday on the ICE in Winnipeg and was able to benefit above all from the positive indications of the soybean market. The spot market prices in Germany are stabilizing somewhat with low sales volumes. Soybeans posted double digit gains yesterday. However, the price increase is less fundamentally justifiable, rather investors and bargain hunters use the losses from the beginning of the week to re-enter the soybean market. Still, there was also supportive news for soybeans. Yesterday, the USDA was able to report an export deal for 130,000 tons of soybeans to a buyer of unknown origin. In Argentina, farmers are reluctant to sell the upcoming crop.80.6% of the expected 44 million tons of harvest have been sold so far. In the previous year it was 82.6 percent. The weather reports have not changed. Argentina's farmers are happy about the rain and should expect more rain in the coming days.
Source
VR AGRICULTURAL
