18.
10.22
10:02

US export reports curb soybean losses

The Euronext ended yesterday's trading day with up to double-digit losses. The front month slipped into the red by EUR 13 per tonne and recorded a settlement of EUR 620.75 per tonne. Following the bearish pull, the canola prices were also unable to recover and were weaker at the start of the week. The soy complex was volatile at the CBoT. After initial gains, the course continued southwards again. The front month was still able to break free and recorded the only daily gain. The losses were slowed down by the export reports from the USDA. 1.88 million tons were exported last week. However, harvest pressure held gains in check. Almost 63% of the cultivated area has currently been harvested, so the harvest is going faster than the analysts had expected. Crude oil prices struggled to find a unified direction yesterday and largely stalled. For the Brent courses, as well as the WTI courses, things went up marginally.

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