Global: Oilseeds market weekly review - November 21

The weather The rainy season continues in the central parts of Brazil, which is favorable for the development and strengthening of soybeans. A system with better coverage and amount of precipitation is expected in southern areas. In general, conditions in the country remain mostly favorable. In Europe, widespread rainfall will continue throughout the week, which will be of particular benefit to the dry south-east. At the same time, high soil moisture will be maintained in the rest of the continent. In Australia, scattered rain will hamper the start of the canola harvest during the week. Highlights from global markets MATIF canola had a promising start to the week, closing at a two-year high of €543/t on Monday. However, support began to fade as early as Tuesday due to lower North American soybean and canola prices, as well as a weak performance of soybean oil in Chicago and palm oil in Kuala Lumpur. Liquidation of long positions by Euronext funds caused a big daily drop of ...