21.
02.22
09:59

Unfavorable growing conditions support soybean market

The rapeseed contracts left trading on Friday with a green sign. The May date recorded the highest daily gain of EUR 8.00/ton to EUR 703.75/ton. The soybean complex was also trading ahead of the weekend on the Chicago Stock Exchange. The driving factor remains the unfavorable weather conditions in Brazil and Argentina. It is still far too dry, so the experts at the Rosario Grains Exchange, among others, expect poorer yields from oilseed. Adding to Friday's export news, an unknown buyer bought 198,000 tons of soybeans.

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