Soybeans fell into negative territory on Tuesday. In Chicago, the September contract lost 11.00 US cents to close at 1,025.75 US cents/bushel, while the November contract fell 13.50 US cents to 1,041.00 US cents/bushel. Soybean meal also closed weaker, down US$5.20 for December to end at US$282.90/short ton.
The proportion of stocks rated "good/excellent" fell by 4 points to 65%, which is considered a bullish signal, but did not prevent prices from falling.
In terms of exports, 472,914 tons were shipped, mainly to Vietnam and Mexico. At 49.76 million tons, deliveries for the year are around 11 per cent higher than the previous year.
In Canada and Europe, on the other hand, canola and rapeseed set the tone. In Winnipeg, November canola rose by Can-$ 3.90 to Can-$ 630.30 per tonne, supported by the general market environment. In Paris, rapeseed rose by €1.75 to €469.00/t in November.
