Oilseed News, 05/26/2023

Right at the beginning of the new trading week, rapeseed went south. The psychologically important mark of 400 euros was undershot on those days in the front month of August. From the middle of the week, however, the contracts were able to move north again and regain the 400 euro mark on Thursday. The closing price for the August date was 407.00 euros/t yesterday evening at the closing bell....

Expert Opinion: 

Brazil is in the middle of a record harvest and is putting pressure on the world market with cheaper offers. In addition, the better global outlook and the good progress in US sowing combined with rather subdued demand from China are weighing on the soybean market. The same applies to rapeseed....