The soy complex was unable to find a consistent direction shortly before the middle of the week. While beans continued to gain, meal contracts were in the red. The latest NOPA report showed that US soybean processing in January was down 3% from December, below market expectations. 200.38 million bushels of the oilseed were processed. Soybean oil stocks amounted to 1.27 billion pounds, slightly above forecasts but 15.5% below the previous year's figure. In Canada, oilseeds were unable to hold their own. Canola on the ICE in Winnipeg fell by Can-$ 1.60/t to Can-$ 661.90/t, while rapeseed on Euronext rose by € 3.75 to € 533.00/t.
Source
VR AGRAR
