EU Rapemeal Prices

24/10/13 -- Rapemeal prices on the continent are sharply higher versus yesterday morning. Prices began to rise mid-morning yesterday on short covering and talk of mills switching out of rapeseed crushing and into more profitable lines such as soy or sunseed.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
.

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Chicago Market Ends Higher On Strong Export Demand

23/10/13 -- Soycomplex: Strong export demand underpins soybeans. The USDA reported the sale of 120,000 MT of US soybeans to Russia for 2013/14 delivery. An unusual sale, and one that was said to be the largest single Russian purchase of US beans in 12 years. The USDA attaché in Brazil estimated Brazil’s 2013/14 soybean crop at a record high 88.0 MMT, the same as the USDA themselves forecast in

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EU Grains Press Higher

23/10/13 -- EU grains closed firmer, with Nov 13 London wheat up GBP1.40/tonne to GBP166.00/tonne, Nov 13 Paris wheat EUR2.50/tonne higher at EUR207.50/tonne and Nov 13 Paris rapeseed EUR1.75/tonne steadier at EUR380.25/tonne.


The market continues to press higher, which is in line with the normal post-harvest seasonal tendency at this time of year.


The Russian grain harvest now stands at 88.5

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EU Rapemeal Prices

23/10/13 -- Rapemeal prices on the continent are mostly a tad lower. Despite recent talk of an EU climb-down, Reuters are now reporting that the EU has agreed to slap a huge import duty on biodiesel imports from Argentina and Indonesia who account for 90% of EU biodiesel imports (full story here). That should mean that Europe would produce more rapemeal.


Latest guide prices for EU rapemeal

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Chicago Mixed: Beans And Corn Lower, Wheat A Tad Higher

22/10/13 -- Soycomplex: Beans finished the day with losses of around 1-4 cents, having been down in double digits at one stage in overnight trade. Monday night's USDA crop progress report was a bit bearish, showing the 2013 US soybean harvest at 63% harvested and good/excellent conditions at 57%. Prices in excess of USD13/bu probably also generated some farmer selling. Taiwan's BSPA bought 120

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EU Wheat Mostly Lower In "No News" Trade

22/10/13 -- EU grains closed mixed but mostly lower, with Nov 13 London wheat ending GBP0.90/tonne easier at GBP164.60/tonne, whilst Jan 14 was GBP0.40/tonne down at GBP166.10/tonne. Nov 13 Paris milling wheat settled up EUR0.25/tonne to close at EUR205.00/tonne. Nov 13 Paris rapeseed was down EUR1.75/tonne at EUR378.50/tonne.


It's been a very "no news" sort of a day. Basically the market

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Grain Market Snippets

22/10/13 -- The overnight Globex grains are mostly red, with the soy complex leading the way. Front month Nov 13 beans are currently 10 1/4 cents lower, with meal down around USD2.50 and wheat shedding a 2-3 cents. Corn is narrowly mixed.


Russia's grain harvest is now 90.2% complete at 88 MMT, according to the Ministry. A year ago it stood at 71.9 MMT.


The wheat harvest is said to be 94.5%

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