High world production expectation sparks collapse in oilseeds complex

25.07.2013

Oilseed prices tumbled to multi-month lows this week, driven by expectations of good crops in most parts of the world, while the coming months could see the market come under further pressure.

NYSE Liffe rapeseed for August delivery fell to below EUR370 (USD488) a tonne on Wednesday for the first time since October 2010, while August soybeans on the Chicago Board of Trade dipped to USD13.65 a bushel, the lowest price since April.


agra-net