29.
06.22
09:58

Soybeans and rapeseed are increasing

Relatively moderate daily gains were seen in rapeseed yesterday at the Euronext/Matif. The August date will climb by 2 euros. The later dates could increase a little more clearly. Trade in Paris has benefited from rising vegetable oil prices. Canola in Winnipeg was also up and palm oil in Malaysia was also up moderately. Soybean oil also rose and is quoted at the equivalent of 1,447.37 euros/t in the front month. The soy complex as a whole showed up again yesterday with deep green signs. This is primarily due to a reduction in the condition assessment. According to the NASS report, 65 percent of the stocks are currently rated as good or very good. That's a 3 percent drop from the previous week. Soybean sowing is almost complete at 98 percent. In the meantime, little has changed in the weather forecast. Milder temperatures are forecast for the coming days. On Thursday the market expects the figures for the current stocks and the total sown area.

Source
VR AgrarBeratung AG
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