14.
03.22
09:48

Soy complex closes trading day in red

Detached from the bearish guidance of the soy complex, rapeseed prices continued to move higher. The front month in particular stood out and recorded a profit of 21.75 euros/ton to a new record value of 904.75 euros/ton. In Winnipeg, Canola futures found no consistent direction in calm and impetus trading. The soybean complex had to fall uniformly ahead of the weekend. In some parts of South America there has been heavy rainfall in the past few days, which has improved the earnings prospects somewhat. In Buenos Aires, with a soybean harvest of 42 million tons. Conab expects total soybean production for Brazil to be 122.8 million tons, lowering the expectation by 2.7 million tons.

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