Soybeans thus benefited from positive market sentiment on Friday, but were unable to make up for the entire week's loss - March fell by 13.50 cents this week. President's Day on Monday will lead to a short break in trading, which means that NOPA data will not be available until Tuesday. Analysts expect January production to come in at 204.54 million tons, a significant year-over-year increase. Estimated soybean oil stocks are at 1.289 billion pounds. Rapeseed contracts on Euronext and ICE also closed the week with gains, supported by bullish sentiment on the agricultural markets.
Source
VR AGRAR
