Global: Oilseeds market weekly review - November 21

게시됨 2024년 11월 21일

Tridge 요약

The article provides an overview of the current weather conditions and their impact on agricultural activities in Brazil, Europe, and Australia. It highlights the favorable conditions for soybean growth in Brazil and the potential impact of rainfall in Europe and Australia. The article also reports on the global markets' dynamics for canola, soybeans, and related products, including record production forecasts for Brazil, trade statistics, and the impact of weather conditions on harvest and prices in the U.S., Ukraine, and Russia. It discusses the implications of potential export duty increases in Russia and the current trends and forecasts for the canola and soybean markets, noting the challenges for the canola market due to lower prices of other vegetable oils and the pressure on soybean markets from the forecasted record production.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

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 ...

출처: Agroportal