Rapeseed lost again very clearly yesterday. It fell to EUR 630.00 per tonne in August, the front month that was about to expire. The other dates are also shown with losses of up to 20 euros per ton with a red sign. The harvest is everywhere. The producers and traders in the north, west and also in the southwest are mostly satisfied with the yields per hectare and the oil content. Improved weather conditions in the Canadian growing areas also weighed on the mood. There was also a sell-off mood for soybeans. The weather forecast for the main growing areas has improved. The probability of rain has risen significantly and should improve the yield prospects significantly - provided that the precipitation actually comes. The loss was slowed down by an order for 136,000 tons of soybeans from China. Brazil's soybean exporters are a little more pessimistic about demand. The industry association expects total exports of 7.9 million tons in July, which would correspond to a decrease of 800,000 tons compared to June.
Source
VR AgrarBeratung AG