Bearish week in global grain and oilseed futures markets, with rapeseed falling almost 6%
Soybean
Canola Seed & Rapeseed
Published Jan 23, 2023
Original content
General predominance of falls in the world cereal and oilseed futures markets, highlighting the sharp drop in rapeseed, which fell 5.9%, while oats were the only one showing an increase with an increase of 1.6% . The downward trend in cereals is linked to the maintenance of cereal exports from Russia, which are estimated to reach 50-55 million tons, to which is added the arrival of the rains in Argentina, although here it is not known if they will be enough to save or alleviate the crop. The downward line of rapeseed should be linked to Germany's announcements to reduce its use in fuel as well as the massive imports that are taking place from Australia and Canada. RAPE Rapeseed falls this week, in Europe, 5.9%, going from 566 euros per ton to the current 533. OATMEAL On the contrary, oats are shown on the rise in the Chicago market, with a rise of 1.6% since, between January 16 and 22, they went from trading at 231.1 euros to 235 . WHEAT Falls for wheat, both in Europe and the ...
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