On the cash markets, rapeseed prices have increased again somewhat as a result of the increases over the past few days. On the Euronext/Matif, things went south again on Friday. The most traded May contract closed 4 euros lower at 540.50 euros/t. Compared to Friday last week, however, the price increased by EUR 4.25 per ton in May on a weekly basis. Even if palm oil and soybean oil ended trading with profits on Friday, the fundamental downward trend in vegetable oils is clearly affecting local rapeseed to. And despite the low cash market volume, availability is also good because imports are still at a high level. Canola, on the other hand, rose slightly on Friday. Canada's exporters are enjoying solid demand. With currently 4.11 million tons, significantly more goods were shipped in the current season than in the previous year. At that time, the export counter stood at 3.27 million tons. On the other hand, soybeans and soybean meal experienced sharp setbacks on the CBoT. The March contract lost 14.00 US cents/bu and closed at 1,509.50 US cents/bu (510.30 euros/t). Soybean meal in March lost $3.60/short ton to $473.50/short ton (€482.11/ton).The rains in Argentina are primarily depressing price sentiment on the stock exchange. The drought - it seems - is over. The worries about supply bottlenecks are thus largely settled. While health ratings for soybeans in Argentina are still not particularly good, the Buenos Aires Grain Exchange was able to lift inventories that are in good or very good condition to 7 percent (+3 percent from the previous week). Friday.
Source
VR AGRICULTURAL
