top of page

Global Oilseed and Cereals Weekly Comment

By Ben Seamer

A very high amount of sell off in oilseeds and cereals occurred this week globally.

The three major points to take away from changes in the market this week have been:

  • Negative macro sentiment – recession, war & inflation concerns has seen speculative bullish money flowing out of commodity markets quickly and commodity prices retreating fast.

  • Chicago soybean oil is headed for its longest retreat since 2019, Paris rapeseed erased its year-to-date gain and Malaysian palm oil recently entered a bear market as rival producer Indonesia ramps up exports.

  • Fundamentals have had little impact this week after a heat wave has ripped through US corn, EU continues to look very dry and grain supply from the Black Sea is reduced year-on-year.





Comments


bottom of page