The rapeseed prices at Euronext/Matif in Paris showed their red side again yesterday. The prices on the futures exchange, which have recently fallen significantly, have recently ensured that producers were less and less willing to offer goods or respond to inquiries. The further development of rapeseed prices will also depend largely on whether the Ukrainian grain corridor in the Black Sea is extended or not. A Kremlin spokesman indicated yesterday that the talks are going quite constructively. Rapeseed meal is giving way on the local cash markets at the beginning of the new week, as is rapeseed. In Winnipeg, canola contracts rose minimally. The soybean harvest in the USA is almost complete, four percent of the stocks still have to be taken from the fields. After Friday's sharp gains, soybean contracts on the CBoT fell yesterday. Soybean meal also lost yesterday and closed in the front month of December at the equivalent of 431.60 euros/t. The US soy export shipments were again lower than in the previous week. Meanwhile, domestic logistics have improved, as the Mississippi is carrying more water again, making it possible to use ships more efficiently.Soybean meal prices are also under slight pressure on the local cash markets. From the Hamburg station, 505 euros/t are currently being asked for prompt deliveries, from the Mainz station it is 529 euros/t. Crude oil also fell on Monday. WTI closed at $86.12 a barrel down $2.16
Source
VR AGRICULTURAL
