Weekly oilseed global market analysis from September 7 to 14, 2023

The weather September 2023 - The three hottest months on record could affect agriculture globally, according to the Copernicus Climate Change Service. The latest data from the EU-funded Copernicus climate change service shows that the Earth has experienced the three warmest months on record, affecting global agricultural sectors. Record sea surface temperatures and reduced Antarctic ice extent may affect global marine and agricultural food production in coastal regions. The year is the second warmest since the major El Niño climate event of 2016, which could affect global yields. The data echo forecasts from the WHO and the UK Met Office, which suggest at least one of the next five years is likely to exceed pre-industrial average temperatures, underscoring the need to adapt farming practices to the changing weather. Prices - Canola MATIF In August, the price gap between U.S. and Brazilian soybeans narrowed as improved U.S. crop conditions and strong ...