10.
01.22
10:29

Soybean sowing in Brazil almost complete

The rapeseed in Paris posted a gain of over 45 euros at times on Friday the front month, during the day the bulls gave way again. At the end of the day, February recorded an increase from 31.25 euros / ton to 828 euros / ton. In Winnipeg, the signs also glowed green and benefited above all from the bullish sentiment in the soy market. Driven by the weather worries in Latin America, the soy complex went up a lot before the weekend. According to some analysts, the forecast record harvest in Brazil can hardly be achieved under the current heat wave. The sowing is meanwhile at the target level and 80% complete. The new export messages provided additional support. The USDA has confirmed a sale of 120,000 tons of soy.

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