The contracts in Paris and the listings on the local cash markets again showed much firmer prices yesterday. In its harvest balance sheet, the German Farmers' Association expects a rapeseed harvest of 4 million tons. Better yields per hectare and a 9 percent increase in acreage contributed to this result. Farmers are already busy cultivating the fields for winter oilseed rape. However, the work is being hampered regionally because of the drought, and it is not possible to sow on time in many places. Canola in Winnipeg was also up yesterday, although not as significantly as canola on the Matif. The soybean complex benefits above all from the positive indications for crude oil and corn. The export report from the USDA about the sale of 110,000 tons of soybeans to China also had a bullish effect. Soybean health ratings have recently been slightly revised downwards. Field inspections in the state of Ohio also show a low number of cases. The consulting agency Pro Farmer will also conduct field tours in other states. Pre-market, the soya shows again with a green sign.
Source
VR AgrarBeratung AG
