The bears took the lead on Friday and caused losses for oilseeds. The highest-volume May futures contract recorded a loss of 5.75 US cents to 1,057.25, equivalent to 371.24 €/t. Similarly, shot contracts were unable to hold their ground and ended the weekend with losses. Market participants once again focused on the weather. Heavy rainfall and moderate temperatures have been reported for many important growing regions in the US corn and soybean belt in the coming days. This could improve the important availability of water for the crops. In the coming days, the USDA will publish its forecasts for oilseed acreage, as it has done for cereals. According to a Bloomberg survey, most market participants expect an area of between 83.1 and 86.5 million acres to be planted - that would be 2.7 million acres less than in the previous year. Due to the public holiday in recent weeks, the US export figures were not published until Friday. With a volume of 480,300 tons of soybeans for the 2024/25 season, the result was worse than the four-week average (-23 percent). China was the largest buyer with a volume of 101,200 tons. Cumulative exports reached 43.7 million tons, an increase of 13% compared to the same period last year. So far, 741,000 tons have been shipped, which is around 27% below the four-week average.
Source
VR AGRAR
