World: Oilseeds market weekly review on December 5

The weather Weather in South America remains in focus. Favorable conditions on the continent are putting pressure on soybean futures, and forecast rainfall in Brazil will continue to support crop development in most key regions. As of the end of November, planting in Brazil is 90% complete of the planned 47.3 million. hectares, ahead of the previous year's pace of 83.1%. Australian harvest campaigns have been struggling due to widespread rainfall over the past two weeks, and unfortunately weather patterns will not be particularly favorable for canola over the next seven days. Highlights from global markets After MATIF canola broke through key resistances last week and easily fell from close to €550/t to €493/t, this oilseed is trying to regain ground. Within four sessions, the leading February futures realized a very good appreciation, consolidating at the levels of around €525/t. And while forecasts of lower canola production in Australia and Canada supported canola prices, ...