In Paris, rapeseed keeps approaching the 1,000 mark. Interest in oilseeds is growing, particularly as an alternative to sunflower oil, driving the bulls further away. Canola futures also continued higher in Winnipeg. Concerns about developments in Ukraine and the ongoing railroad strike provided additional support. The soy complex failed to find a unified direction yesterday. While the beans continued to gain ground, the meal contracts ended the day with losses. In particular, the latest news from the export front is supporting soybean prices. Details about a sale of 240,000 tons became known yesterday. According to IHS Markit forecast, US soybean cultivation is expected to reach 88.58 million acres, an increase of 0.775 million acres.
Source
VR Agrarberatung
