Euronext rape rose again yesterday. The front month almost reached the 700 euro mark with a closing price of 701.75 euros/ton. Buoyed by developments in the soybean market, Winnipeg Canola futures also continued higher. Yesterday's trading day for soybeans on the CBoT ended with significant gains. Crude contracts also posted gains. The bulls were particularly fed by the latest weather forecasts. Significantly less precipitation than usual at this time of year is expected in the southern United States in the next two weeks. Meanwhile, the soybean harvest is progressing. AgRural experts report that around 16% of the stock has been harvested so far. In the previous week, progress was still six percent.
