In Paris, rapeseed prices recovered slightly from the losses of the previous days. For the May date, 5.75 euros/ton went up to 682.75 euros/ton. In Winnipeg, canola futures turned positive after a weak start. Above all, the development on the soybean market and vegetable oils supported the buying mood. Soybean scoreboards on the Chicago Stock Exchange turned deep green yesterday. The grist contracts also ended the trading day with solid gains. The data from the WASDE report in particular contributed to the price development. Both the Brazilian soybean harvest and the production forecast for Argentina were cut to 134 million tons (-5 million tons) and 45.0 million tons (-1.5 million tons) respectively. However, many market participants emphasized that the current weather conditions are likely to lead to further cuts in the coming weeks.
