21.
04.22
09:51

Soy complex is growing across the board

In Paris, the May date went up sharply again, while the following contract had to give way slightly again. August recorded a decline from EUR 5.25/ton to EUR 855.75/ton. In Canada, canola futures were mixed, with the front month falling and the back dates turning positive. At the CBoT, the soy complex went green across the board. The most traded May gained $30.25 US cents and thus costs the equivalent of 589.22 euros/ton. Above all, the report by the analyst firm StoneX created a buying mood among investors. Especially for the coming months, the US beans are cheaper than the oilseed from Brazil, which gives hope for good export business. At the same time, the US dollar is currently declining slightly and is thus also supporting foreign trade.

Source
VR Agrarberatung
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