06.
06.24
09:19

Soy stock development puts pressure on prices

The oilseed markets did not present a uniform picture yesterday, Wednesday. Rape and soybeans headed south. Soybean meal, on the other hand, gained. Rapeseed went south by 2.50 euros in the August contract to 467.50 euros/t. Soybeans fell by 1.75 US cents/bu in the July contract. The good sowing pace is weighing on price expectations. Farmers are also satisfied with the development of stocks that have already been started. Exports are problematic. New export figures are expected today. Recently, cheaper offers from South America in particular have created competition.

Source
VR AGRAR
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