04.
01.22
10:43

Rapeseed continues to grow

The rapeseed on the Matif continued to soar yesterday. Above all, the earlier dates recorded strong price increases. The scoreboard was still on the Canadian stock exchange. Trading starts again in Winnipeg today. The bullish sentiment in the soy complex resulted in solid gains in both beans and meal. The main food for the bulls was the weather forecast for the southern United States. It should remain dry and hot for the next two weeks and thus burden the growing areas. The experts at StoneX then revised their production outlook in Brazil down to 134 million tons (-11.12 million tons). US oilseed exports totaled 1.2 million tons. The value of the last four weeks was not reached, and the result disappointed the market participants. Overall, exports are currently at 30.3 million tons. In the previous year it was 39.3 million tons. Meanwhile, it is reported from Argentina that sales of agricultural products have reached $ 32.8 billion. According to domestic information, this is a new record.

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