Soybeans interrupt sales - rapeseed continues with losses

Rapeseed also went south yesterday, although the losses were not as high as on Monday and Tuesday of this week. Rapeseed, like wheat and corn, is burdened by the surprisingly rapid exports of agricultural goods from the Ukraine. A look at the import statistics of the EU-27 shows that around 491,443 tons of rapeseed found their way from the Ukraine to the EU in July. In the previous month it was only 286,826 tons. Sunflower seeds are also increasingly coming from the country on the Black Sea. Contrary to the development in European oilseed rape, canola in Winnipeg rose slightly yesterday and thus largely followed the specifications for the soy complex. This rebounded yesterday and was able to increase, partly, clearly. Investors have recently used the fallen level to build up new positions. Slightly more stable crude oil markets provided additional support. However, the price development is being slowed down by the improved probability of precipitation in the US growing areas. For trading today will be the weekly export sales. Market estimates vary widely.