Oilseeds - Oils

Oilseeds daily: crude oil pushes prices upwards

March 8, 2021 at 2:19 PM , Der AUDITOR
Play report as audio

CHICAGO/HAMBURG. Market and price trends with trade assessments. The oilseed market is showing spectacular price increases.

Soybeans: Argentina's drought fuels market

The soybean market recorded substantial price gains in Chicago by midday and exceeded the USD 14.50/bushel mark. In Argentina, the current drought is expected to last another 14 days. This could lead to a decline in yields on 30% of the Argentinean soybean belt. In the WASDE report tomorrow, the US trade expects US soybean ending stocks to fall by 90,000 mt from last month. World soybean ending stocks are expected to decline by 500,000 mt to 82.9 million mt. The monthly US Census data shows that 324.42 million bushels

Categories:

View related articles

Go to the News Overview
Oilseeds
Mar 28, 2024
BRUSSELS/MOSCOW. Brussels issued a first proposal for increased import tariffs on Russian and Belarusian grain products on Friday. This will undoubtedly have an impact on the prices within the EU for flaxseed.
Oilseeds
Mar 27, 2024
SOFIA/BRUSSELS. EU countries reached a last-minute deal on Wednesday to the extend free trade with Ukraine until June 2025. Welcome as this news is, the stance towards Ukraine has hardened. In Bulgaria, the prices for sunflower seeds have risen sharply.
Oilseeds
Mar 27, 2024
NEW DELHI/GARSTEDT. Production prospects are much better for psyllium in India than last year, despite the heavy rains witnessed at the start of March. Price fluctuations will also be less of an issue.
Nuts
Mar 25, 2024
NEW DELHI. With Holi, the Hindu Festival of Colours, Love and Spring, being celebrated on 25 March peanuts should have taken a sharp downturn. Yet, China caused things to play out differently. Suppliers are waiting to ship the new crop in Tanzania and sales are already underway in the USA and Brazil.