For the second day in a row, rapeseed contracts on the Euronext/Matif in Paris increased. The front month of May gained 2.50 euros/t. On the cash markets, sales remain very manageable, the listings were generally unchanged compared to the presentation. Positive indications for European oilseed rape also came from Canada. Although there is some concern about the recovery of the Chinese economy in the news, overall contract prices on the ICE in Winnipeg were able to increase. Soybeans, soybean meal and soybean oil moved north on the CBoT. Beans were up double digits and soybean meal for May closed up $2 to $472.30/short ton (EUR 490.20/t). US export sales were disappointing. Only 360,000 tons of beans were sold for export last week. This is the lowest weekly value so far in the current financial year. The grain exchange in Buenos Aires is currently forecasting a harvest volume of 33.5 million tons. originally 48 million tons were predicted. However, the stock exchange announced yesterday that it would review its forecasts again and correct them downwards.
Source
VR AGRICULTURAL
