The Euronext rape suffered a severe correction yesterday. After reaching new highs, things went clearly south yesterday. The first month saw a loss of EUR 68/ton to EUR 926.50/ton. After a positive start to trading, Canada also went into the red. Market observers blame profit-taking and technical sales in particular for the correction. In Chicago, the cops took over the soy complex. The May date reached the highest level since 2012. In addition to the rising prices in the USA, the possible yield losses in South America are providing impetus. The latest data on exports is expected to range from 0.8 to 2.1 million tons for beans and 100,000 to 350,000 tons for meal.
