18.
01.22
09:48

Raps in Paris continues to correct

The new trading week for rapeseed in Paris started with a red sign. The front month recorded a loss of EUR 6.50/ton to EUR 763.50/ton. In Winnipeg, Canola futures also ended trading in the red. Weak guidelines from the EU and the improved weather forecast in South America dampened the mood. After yesterday's break in trading, soybeans are currently starting negative in pre-market trading. Above all, the weather forecasts are currently having a negative impact on trade. Rainfall in Argentina, for example, has significantly improved the growth conditions for the soy areas that have already been sown. The areas that are still to be cultivated are also benefiting from the rain that is currently falling. Meanwhile, the soybean harvest is progressing in large parts of Brazil. According to official reports, around 1.7% of the stocks have been taken from the field so far.

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