Rape remained stable yesterday and rose slightly towards the end of trading. The front month of May climbed to 542.75 euros/t (+0.75 euros). Growth in follow-up contracts was slightly higher. The consulting company Strategie Grains has increased its forecast by 100,000 tons due to the good growing conditions and the good status assessments in Europe. The consulting firm is now anticipating a European harvest of 19.6 million tons, which is still just above the harvest result of the previous year. On the cash markets, the quotations remain unchanged compared to Friday with little turnover. Canola recovered yesterday in Winnipeg trading. Oilseed increased slightly here, making up for the losses from the presentation. The soybean market shows a similar picture as on Friday at the beginning of the new trading week. Soybeans lost overall, and soybean oil also had to give way in exchange trading. On the other hand, soybean meal was able to close more firmly again yesterday. The weekly US export inspections came in at 690,000 tons, a disappointment, down 900,000 tons from the previous week's volume. The result for the week of the previous year is also undershot. However, most of the beans continue to go to China. In Brazil, the soybean harvest has picked up speed. Until 24.2.According to the consulting firm Safras and Mercado, around 30 percent of the space should have been retracted. This means that 10 percentage points more were harvested within a week. Overall, however, the harvest is still lagging behind the previous year. The entire soybean complex is weaker premarket today.
Source
VR AGRICULTURAL
