Oilseeds - Oils

Oilseeds daily: rain to turn tables in Brazil

October 20, 2020 12:22 PM, Der AUDITOR
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CHICAGO/HAMBURG. While much depends on exports for US soybeans, the rapeseed market is taking its cues from edible oils.

Rain turn tables for Brazil's soybean market 
US soybean futures are trading nominally higher. Rain has, however, been forecast in Brazil which may put a dent on the market. Exports ranging above 2 million mt initially supported the market, although weekly exports recently trailed 9.4% down at 2,173,521 mt. No exports were recorded on Monday. The Crop Progress Report is in line with expectations as the US harvest is 75% complete, 17% up on last year.

Sowing is still largely delayed in Brazil's Mato Grosso state due to drought-like conditions. Abundant rai


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