The price of canola and soybeans has increased
German Experts of the analytical Agency " Oil World has lowered the forecast of rapeseed production in Europe in the season 2016/17 MG 0.4 million relative to the previous balance to the level of 21.15 million. Such a result would be 1.1 million tons below the previous season crop and 3.2 million tons less than the record season 2014/15.
most of the gross yield of rapeseed will decrease in France, Poland and the UK.
the Price of rapeseed on the Paris MATIF rose by 5 $ to 398 $/ton, which pushed the price of Ukrainian rapeseed to $390-392 on the basis of CPT-port. Processors are not too active on the procurement market of rapeseed that demonstrate their acquisition price within 10700-10800 UAH/t with delivery to the plant.
Good weather conditions for soybeans in the U.S. and an increase in the forecast for the gross harvest in Argentina by 0.5 million tons to 58.5 million tons, putting pressure on soy prices down, but strong demand for soybeans old crop supported prices of the new harvest. So, the price of Ukrainian soybeans old crop is announced at $410 for a new harvest - $370-375.