Global demand for soybeans and canola continues to decline

Soybean

Canola Seed & Rapeseed

Sunflower Seed

Published Dec 25, 2022

Tridge summary

In soybean markets, the main events this week are taking place in Brazil. Soybean production here is expected at the level of 153.48 million tons, which is 27.9 million tons more than last year. SPIKE BROKERS analysts report this. Traded for the week: Sunflower DAP Mon. Bulgaria Jan-Feb @$535 GMO soybeans DAP Mon-Sat. Italy Jan-Feb @€545 Sunflower price correction to levels

Original content

In soybean markets, the main events this week are taking place in Brazil. Soybean production here is expected at the level of 153.48 million tons, which is 27.9 million tons more than last year. SPIKE BROKERS analysts report this. Traded during the week: The correction of the price of sunflower to the levels of $530-540 reduced the activity of sellers, however, a significant flow of goods under concluded agreements covers the needs of buyers. Domestic processing in Ukraine continues to actively purchase sunflower. Oil remains at the levels of the previous week $1,100-$1,500 DAP Poland / Bulgaria. Follow the news in a convenient format: Follow us on Twitter The latest indications of buyers: The seasonality of rape is quite clearly observed, the demand continues to decrease. Buyers consider only canola with ISCC certification. The latest indications of buyers: Demand for soybeans is quite limited, buyers covered the need for January-February inclusive. At the same time, the offer is ...

Source: Landlord