Raps went south yesterday. The very weak specifications for soya in particular weighed on trade. Until 29.08. the EU member states imported 972,567 tons of rapeseed. That is around 300,000 tons more than at the same time last year. Australia continues to lead the list of importing countries, but around 1/3 of the imports also came from the Ukraine with 330,000 tons. The statistics office of the state of Schleswig-Holstein reports a rapeseed harvest of 324,500 tons, which is 43 percent more than in the previous year. At the same time, it is also expected in the north of the republic that the current rapeseed sowing will be significantly higher than last year. Canola in Winnipeg was also down yesterday. The statistics agency estimates the canola harvest at 19.5 million tons. Analysts' expectations are met, but traders are skeptical that the authority has taken the recent heat wave in the country into account. The soy complex fell significantly overall. The results of the field tour surprised market participants. Advisory firm Pro Farmer beats USDA estimates after field tour. In addition, the weather forecast for the coming days has improved again.
Source
VR AgrarBeratung AG
