THE price of rapeseed and sunflower progressed in France between June 17 and 24. In soya, uncertainty looms.
Soybean prices rise in Chicago
In soybeans, values increased on the CBOT in Chicago between June 17 and 24. Conab revised the Brazilian harvest downward to 147 Mt, compared to 153 Mt according to the USDA. In addition, concerns about high temperatures and lack of precipitation arise.
Read also: Cereals: what are the main disagreements between private analysts and the USDA regarding global balance sheets?
Return to rise for rapeseed prices
The prices of rapeseed on the French physical market for the new harvest increased between June 17 and 24, like the rapeseed contract on Euronext, soybeans on the CBOT and oil. In Germany, the rapeseed harvest is estimated to be down 8% from one year to the next. In Ukraine, the European Commission expects a decline in production of 12%.
Read also: Soft wheat prices at their lowest in two months
Sunflower price progression
Sunflower seed prices on the French physical market for old harvests gained ground between June 17 and 24, like French rapeseed. Uncertainty over the harvest is slowing down business.
This article was written by specialist journalists from La Dépêche-Le petit Meunier, which has been supporting grain trade operators since 1938.
