THE rapeseed price on the French physical market fell slightly between May 13 and 20, while the rapeseed contract on Euronext and that of soya on the CBOT increased. The main bullish event is the excess water in Brazil which has caused damage. The analysis firm Pátria AgroNegócios is now betting on national soybean production at 142.8 Mt, compared to more than 143 Mt previously.
Read also: Soft wheat: less than 90 million tonnes in Russia?
The price of sunflower is increasing driven by rapeseed prices
THEs price of sunflower seed on the French physical market gained ground between May 13 and 20, in the wake of rapeseed. Buying interest is focused more on the summer period, i.e. the end of the 2023-2024 commercial campaign, rather than that of 2024-2025. However, the sellers hardly take a position, judging the prices offered to be unattractive.
Chicago soybean prices rise
In soy, values increased on the CBOT in Chicago between May 13 and 20. Note that the White House has announced that it will not apply customs duties on imports of Chinese used oils. In addition, crusher consumption in the United States fell significantly between March and April.
This article was written by specialist journalists from La Dépêche-Le petit Meunier, which has been supporting grain trade operators since 1938.
