Soy and rapeseed with clear daily gains

For rapeseed it went up again yesterday. According to initial estimates, around 70 percent of the rapeseed fields in Germany have now been threshed. While good quantities come from the fields in the Rhineland, average yields of around 4 tons/ha can be seen in Lower Saxony. Here, producers report mostly above-average oil contents of a little more than 40% on average. In Schleswig Holstein, the producers are also satisfied with the yields. Support for rapeseed came from the soybean market despite the satisfactory harvest. Brent crude oil also rose again yesterday. The soybean rally is being driven by US farmers' concerns about the weather. A new heat wave is expected to hit the Midwest and major soybean growing regions over the weekend. Rainfall is completely absent. The fear of yield losses increases, and the plants enter the most important development phase at the beginning of August. Canola in Winnipeg rose very sharply yesterday. The weather forecast for the weekend, which is actually good, is tilting in Canada.