Soya unfazed by grain price correction

For oilseed, the early dates on Wednesday were in the green. The front month in particular broke away from the weak environment and grew strongly. Crude contracts were also able to close out with profits across the board. Yesterday the USDA confirmed that there were two other major sales in this one. One deal for 272,000 tons and one deal for 229,000 tons were confirmed. For today's export figures, market participants expect a volume of 1.2 million tons. In Brazil, July exports could reach 8.50 million tons, according to Anec's forecast, which is higher than last week's forecast. A quantity of 2.53 million tons is expected for soybean meal.

VR Agrar
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