Rapeseed fell yesterday as a result of an overall weak market environment. The November date closes at EUR 602.25/t, almost EUR 19 lower than on Monday. Canola in Canada, however, was able to grow again. Warm and dry temperatures are reported for the coming days, but the beginning of the harvest should start and progress quickly. Russia announced that it no longer wants to export rapeseed. In Saxony-Anhalt, the rapeseed yields are 3.8 t/ha and are thus 6 percent higher than last year. On the spot markets, rapeseed is still traded to a manageable extent. Prices are currently fluctuating wildly. The soybean complex eases on surging economic and inflation concerns. For the US soybean processing figures to be released tomorrow, market participants are expecting a volume of 180.5 million bu. That would be significantly more than in June. The loss at the CBoT was limited by the export report of 240,000 tons of soybeans to unknown persons. Pre-market, the beans are showing themselves to be firmer again today.
Source
VR AgrarBeratung AG
