Rape in Paris was calm on Friday. While the front month was flat, the back dates had to cope with marginal losses. In Winnipeg, canola prices also suffered losses in the wake of the softening agricultural markets. In addition to the developments in soybean, the ongoing harvest pressure in particular is responsible for a subdued mood. Contrary to bearish sentiment, vegetable oils rallied. In Malaysia, futures recouped the week's losses. Despite OPEC's announcement that it would cut crude oil production, prices continued to fall. Both WTI and Brent remained in the red. The soy complex came under further pressure on Friday. Even the USDA report with the cut in soybean production could not stop the losses. Profit taking and technical selling are blamed for this. Meanwhile, the soybean harvest is progressing undeterred. Export sales reached a volume of 724,000 tons, in line with expectations.
