Profit-taking is blamed for Friday's slight losses in rapeseed at Euronext/Matif in Paris. The most traded February date closed Friday's trading day at EUR 636.75/t with a loss of EUR 1.75/t. Canola in Winnipeg, on the other hand, was able to increase slightly and also benefited from the targets from the soy complex. The prices for soybeans and soybean meal on the CBoT rose on Friday, and soybean oil also rose again significantly after a few downward corrections. The rise in soybean prices is mainly due to brisk cash market business in the USA. Many traders are now stocking up on stock at harvest before growers start stocking up. Market movements are also supported by hopes of a more moderate interest rate policy by the FED. The news that China increased its soybean imports by 12 percent in September compared to August also provides a boost and a good mood at the CBoT. The export sales figures from the USDA had already boosted prices last week. However, soybeans are moving south premarket.
Source
VR AGRAR
