News

Weekly global oilseed market analysis from September 14-21, 2023

Sunflower Seed
United States
Brazil
Published Sep 22, 2023

Tridge summary

Weather conditions in eastern and southern Romania have caused a decrease in soil moisture and negatively impacted sunflower crops. However, crops in the western regions of Romania and areas near the Danube River that have access to irrigation are faring better. The canola market has seen some recovery as Canadian farmers are projected to harvest less canola for the upcoming season, leading to a decline in soybean futures on the Chicago Stock Exchange.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The weather In the eastern and southern regions of Romania, soil moisture content decreased dramatically during the sunflower filling stage, which was exacerbated by extremely high temperatures. However, summer crops in the western regions of Romania and areas near the Danube River, which have access to irrigation, are in better condition. Globally, the situation of the last week is shown according to the following images. Prices The canola market recovered some gains as the latest data released by Stat Can forecast that Canadian farmers will harvest less canola for the 2023/24 season. The harvest is now forecast at 17.4 Mt, down 7% from last year and the second lowest in 9 years, with the lowest coming in the dry 2021. A decline in soybean futures on the Chicago Stock Exchange was recorded last week, with quotes closing up 2% at $492.41/t on Friday. This decline was mainly due to bearish influences, despite choppy trading earlier in the week based on uncertainty ...
Source: Agroportal

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