The price increase of the past few days was interrupted on the Matif in yesterday's trading. It fell by EUR 2 per ton for the August date to EUR 849.25/t. After the strong increases of the past few days, profit-taking was partly responsible for the relatively small loss. Conversely, Canola ended the sell-off of the last few days and was able to increase by more than 16 Can-$. Another bad weather front in the eastern prairie has again interrupted the canola planting. Soy rose sharply yesterday. Traders are lining up for today's WASDE anticipating production cuts around the world. The USDA will also dare to take a look at the coming season. Brazil has already reported that the next soybean acreage is expected to grow by 2.8% to 42.17 million ha.
Source
VR AgrarBeratung AG