The news from the Black Sea about Russia's withdrawal from the grain agreement was also a price-driving reason for rapeseed. The most traded February date climbed by 22.75 euros/t and closed at 659.75 euros/t. The later dates were also quoted above the EUR 650 per ton mark with the closing bell yesterday. The price increases for rapeseed on the Brose are already reflected in the cash markets. Due to the Reformation Day yesterday and All Saints' Day, however, sales are extremely low. Canola also rose significantly as a result of the price increases in Paris and closed with a daily gain of 15.20 Can dollars at Ca $884.60 in the March contract, which corresponds to a converted price of 656.72 euros per ton. Soybeans also rose on Monday, supported by the rally in corn and wheat. Trading was only slowed down by the rapid harvest in the USA. 88 percent of the stocks are said to have been brought in, which is 10 percent more than the average for the last five years at this point. Exports are a little more subdued than a week ago, but 2.57 million tons of beans were registered for export. Today's report on soybean processing figures in the USA should attract attention.Analysts expect significant increases in soybean processing. As on Friday, soybean meal rose yesterday and closed at US$ 428.10/short ton (EUR 473.54/t).
Source
VR AGRICULTURAL
