Christmas holidays dampened demand: What's happening in oilseeds markets this week
Soybean
Canola Seed & Rapeseed
China
Argentina
United States
Published Dec 30, 2022
Tridge summary
China has lifted restrictions on COVID-19 and this has raised hopes for improved demand. In Argentina, light rains over the past week have not added much optimism, so against the background of a prolonged drought, market participants' fears about the new crop remain: weather uncertainty keeps the soybean market in tension and still leaves a premium in the price. This is reported by SPIKE BROKERS. Sunflower
Original content
China has lifted restrictions on COVID-19 and this has raised hopes for improved demand. In Argentina, light rains over the past week have not added much optimism, so against the background of a prolonged drought, the fears of market participants about the new crop remain: the uncertainty of the weather keeps the soybean market in tension and still leaves a premium in the price. This is reported by SPIKE BROKERS. Sunflower without particular changes in the direction of sales markets of Eastern Europe. Sellers are more focused on fulfilling contracts. The Christmas holidays in Europe have reduced demand activity over the past week. The latest indications of buyers: The rapeseed market in Europe is decreasing from the side of processing demand. Rapeseed prices have not changed significantly over the previous week, with ISCC certified rapeseed in higher demand. Follow the news in a convenient format: Follow us on Twitter The latest indications of buyers: Soybean demand remains ...
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