Rapeseed corrected sharply yesterday. The current front month lost 16 euros per ton and closed the trading day at 779.00 euros / t. Canola in Winnipeg was just as negative and corrected at the high level despite positive specifications from the soy complex. Above all, falling palm oil prices and slow trading on the cash markets are having a negative impact here. Soybeans, on the other hand, closed yesterday with strong gains. The tailwind from the WASDE report caused the share price to rise by 12.75 US cents / bu in the most traded March. In pre-trading this morning at the eCBoT, however, the signs are red again. The USDA reduced the harvest for South America. For Brazil, a harvest of 139 million tons is now expected, which is 3.5% less than in December WASDE, and the USDA has also redefined Argentina. In contrast, US stocks and US yields from the autumn harvest rose significantly. A new record is set with an amount of 4.435 billion bushels.
Source
VR AgrarBeratung AG
