In Paris yesterday, the bulls took the lead again and made some strong gains. Canola futures were unable to follow the positive trading trend and fell for another day. Due to the high prices, trading in the cash markets for canola is calm. The soy complex rose again significantly after the losses. The courses were supported above all by the new export reports from the USDA. Another sale of 128,000 tons to Mexico was confirmed. Market participants are also eagerly awaiting the USDA report for soybean cultivation. Analysts expect an area of 35.9 million hectares. That would be an increase of 1.8% compared to the previous year.
Source
VR Agrarberatung
