Bearish week in global grain and oilseed futures markets, with rapeseed falling almost 6%

게시됨 2023년 1월 22일

Tridge 요약

The global futures markets have seen a decline in cereal and oilseed prices, with rapeseed experiencing the largest drop of 5.9%. This trend is attributed to Russia's continued cereal exports and rainfall in Argentina, alongside Germany's decision to reduce rapeseed use in fuel and increased imports from Australia and Canada. Oats were the only grain to buck the trend, seeing a 1.6% increase. Wheat prices fell in both Europe and the United States, while corn prices barely changed and soybeans prices dropped by 2.4% in the Chicago market, fueled by optimistic production estimates in Brazil.

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원본 콘텐츠

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 ...

출처: Castilla