The US canola crop exceeds expectations

Crop prices closed mixed in America on Tuesday's trading day, but in Europe the sellers clearly gained the upper hand. In Chicago, wheat became cheaper by 1.1 percent and corn by 0.3 percent, while soybeans rose by 0.9 percent and canola by 0.4 percent. In Europe, all four priority agricultural products, mill wheat, corn, rapeseed and fodder wheat, closed in the red. Chicago soybean futures rose for a second straight day on Tuesday amid signs of technical-based trading, as strong U.S. domestic demand eased concerns about rising inventories. Corn fell as traders looked at progress in the US harvest, investors monitored Israel's war with the Palestinian militant group Hamas and awaited a speech by Federal Reserve Chairman Jerome Powell on Thursday. Meanwhile, the wheat rate eased further amid renewed pressure from large Black Sea stocks. U.S. monthly soybean processing hit an all-time high in September, with month-end soybean oil inventories at their lowest level in nearly nine ...