Soybeans closed Tuesday weaker. In Chicago, the September contract shed 2.00 US cents to 1011.50 US cents/bushel, while November lost 2.50 US cents to 1031.25 US cents/bushel. Soybean meal, on the other hand, gained for October, climbing US$ 5.80 to US$ 287.70/short ton.
According to USDA data, 21 percent of stocks had shed leaves by September 7, slightly slower than the average. In the western states, the development is clearly lagging behind. At the same time, the assessment of stocks weakened by one point to 64 percent "good to excellent".
Mixed trends were evident on the oilseed markets. In Winnipeg, November canola on the ICE lost Can-$7.60 to Can-$619.70/ton. According to Stats Canada, stocks at the end of July were 1.597 million tons, 50.5 per cent below the previous year. In Paris, on the other hand, rapeseed for the same month rose by €4.50 to €464.50/t on Euronext.
