The rapeseed prices in Paris closed yesterday's trading day with marginal gains. On the other hand, canola and soy rose much more sharply in the context of the generally firm market environment. The rise in the price of crude oil fueled the soybean market in particular. Soybean meal and soybean oil also posted gains yesterday. On the cash markets in Germany, soybean meal prices have been falling in recent days. In addition to the general market environment, soybean prices are currently being driven primarily by the heat wave in the Corn Belt and around the Midwest of the USA. Temperatures are expected to remain very hot in the coming week. US soy exports are at last week's level. Palm oil also rose significantly yesterday. With a daily gain of 332 ringgit, this was the strongest daily gain in three months. Russia has increased its export quota for sunflower oil and sunflower meal. The current quota runs until August 31st.
Source
VR AgrarBeratung AG
