At the beginning of this trading week, the Euronext oilseed rape also went green. The front month once again reached a new all-time high of 970 euros/ton. On the spot markets, the oilseed for prompt delivery is already being traded at just over 1,000 euros. The Paris stock exchange is also expecting this mark to be reached. The soybean complex also marched north in unison yesterday. The bulls are being driven by the developments in Ukraine and the continued rise in oil prices. In Brazil, the soybean harvest is progressing. According to AgRural, almost 79% of the stocks have been harvested so far. Last year progress was only 59%. So far, the producers have been satisfied with the quantities brought in. So far, no significant losses have been identified. In some regions, however, heavy rainfall is delaying the work.
Source
VR Agrarberatung
