Global oilseeds market analysis: 28 Sep - 5 Oct 2023

Published 2023년 10월 5일

Tridge summary

The weather in major oilseed producing regions has been mixed, with some areas experiencing favorable conditions leading to an increase in production, while others have faced unfavorable conditions. Changing weather conditions and yield expectations have caused oilseed market prices to vary, with soybean futures declining due to an increase in supply, but canola and sunflower prices facing upward pressure due to limited supply. The Black Sea region has suffered from a decline in sunflower production due to a heatwave, and the overall state of the US soybean crop will impact global soybean prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Weather The last week of September and early October saw a mixed mix of weather events in the major oilseed producing regions of the world. In the European Union, better-than-expected weather conditions in Romania, Poland and the Baltic States led to an expected increase in rapeseed production, while unfavorable conditions continued to paint a gloomy picture for Spain, Germany and Italy, as mentioned in the EC's MARS report. Meanwhile, in the Black Sea region, especially in Bulgaria and Romania, the August heat wave had a lasting negative effect on sunflower production. Weather patterns will undoubtedly remain a key factor influencing oilseed supply in the coming weeks. Prices Oilseed market prices vary due to changing weather conditions and different yield expectations in different regions. In the US, soybean futures were hit after an improved crop rating from a USDA report. Markets reacted to the increase in soybean supply with a decline. Sentiments about canola prices are ...

Source: Agroportal