After the price correction on Friday, rapeseed prices were able to recover quickly and rose sharply. Winnipeg canola futures also started the week on a positive note. The US stock market saw a sharp climb for the soybean complex during yesterday's trading. In addition to the bullish indications of the grain markets, the export business in particular provided support. The USDA confirmed two sales, including one to China with a volume of 136,000 tons. The shipments totaled 735,000 tons. In total, exports reach 40.6 million tons this season. Meanwhile, growing conditions in South America could improve somewhat. Precipitation is expected in parts of Brazil and Argentina in the coming days.
Source
VR Agrarberatung
