Rapeseed and soybeans were also able to increase yesterday thanks to the support of significantly firmer crude oil prices. However, rapeseed prices only increase slightly. Improved weather prospects in Canada and quiet spot trading limited gains. In the run-up to the WASDE, which will be published today at 6:00 p.m., market participants are expecting a reduction in yield and production estimates. Last week's export bookings came in at 500,000 tons, in line with expectations and 16 percent higher than the previous week. The Brazilian agency CONAB still expects the soybean harvest there to be 124.05 million tons. Pre-market, the soybean contracts are slightly green.
Source
VR AgrarBeratung AG
