In Paris, rapeseed prices were able to stop the downward trend for the time being and closed trading with up to double-digit price increases. Canola futures also ended trading on Wednesday with deep green signs. The soy complex was able to recover from the weak start to the week yesterday and rose significantly over the course of the trading day. Market participants expect that, despite the current rainfall, stocks will not receive enough moisture for optimal growth and that the drought could worsen, especially in February. Due to the flood damage, the USDA expects a soybean harvest of 136 million tons in Mato Grosso. In the last WASDE report, the estimate was still 139 million tons.
