The prices for rapeseed rose yesterday and ended the trading day in November with a closing price of 611.75 euros/t. Fixed prices are also called on the cash markets when there are few transactions. A significant increase in biodiesel exports in Germany is indicated for this year. In the first half of the year, exports increased by 27 percent, although biodiesel imports are also increasing, but exports exceed imports. The Dutch, Belgians and Poles in particular buy significantly more biodiesel in Germany. Trading on the CBoT was calm, both in terms of volatility and turnover. Traders are holding back ahead of the USDA quarterly report expected today. Export sales for the week ending 09/25 turned out to be significantly better than expected at 1 million tons and gave corresponding support. It is reported from Argentina that the farmers there are selling large amounts of soybeans. The measure taken by the government to improve the exchange rate is clearly having an effect. Unlike soybeans, soybean meal fell on the CBoT yesterday. The December contract fell to 407.20 US cents/short ton (455.89 euros/t). Crude oil prices eased slightly yesterday.However, rumors of another OPEC+ production cut are limiting the correction and could continue to fuel discussions in the coming days.
Source
VR AGRAR
