24.
02.22
10:17

Soy glows dark green

The Euronext rapeseed saw the indicator boards turn green again. For the front month, 10.75 euros/ton went up to 740.25 euros/ton. In the slipstream of the bullish soybean complex, Winnipeg canola futures also posted modest gains. The soybean complex saw sharp gains over the course of the trading day. The front month made the highest profit with $40 US cents/bushel. Above all, the political unrest is causing volatile trading on the oil markets and thus also has a direct impact on soybeans. In addition, the drought in the southern parts of the USA is holding up and making yield losses more and more likely. The USDA last night confirmed a sale of 132,000 tons to the Middle Kingdom.

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