After the heavy losses at the start of trading, rapeseed prices were able to recover somewhat, but were still in the red at the end of the trading day. The May date fell by 34.25 euros/ton to 937.25 euros/ton. Canola futures were also weaker across the board yesterday. The soy complex failed to break away from the bearish sentiment and slipped into the red. In addition to the news from the Ukraine, the falling crude and vegetable oil prices also caused selling pressure. Meanwhile, it is currently so dry in Argentina that many growers are expecting a quick harvest. The analysts at Anec are currently expecting Brazilian soy exports to reach a volume of 12.95 million tons in March.
Source
VR Agrarberatung
