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Oilseed Market: Christmas Holidays Reduced Demand

Oilseed Market: Christmas Holidays Reduced Demand

China has lifted restrictions on COVID-19 and this has raised hopes for improved demand. In Argentina, light rains over the past week did not add much optimism, so against the backdrop of prolonged drought, market participants' fears about the new harvest remain: the uncertainty of the weather keeps the soybean market in tension and still leaves the premium according to the report by Spike Brokers.

The sunflower market is going on without much change in the direction of the markets of Eastern Europe. Sellers are more focused on the execution of contracts. Christmas holidays in Europe have reduced demand activity over the past week.

The latest indication of buyers for sunflower:

DAP Bulgaria (n/centre) ~530-535$.DAP Hungary (center) ~530-540$DAP Romania (center) ~520-530$.

The rapeseed market in Europe is declining from the side of processing demand. the price of rapeseed has not changed significantly over the previous week, the demand is greater for rapeseed with ISCC certification.

The latest indication of buyers for rapeseed:

DAP Germany (w) ~510-520€.DAP Poland (w) ~530-540 €.DAP Slovakia (w) ~530-540€.

the Demand for soybeans remains limited, buyers fix volumes for delivery in January-March. GMO and non-GMO soybeans are traded at the same level without a premium, over the past week prices have adjusted by 5-10 €/ton.

The latest indication of buyers for soybeans:

GMO DAP Ukraine (ports) ~435-450$.GMO DAP Italy (Northeast) ~530-540€.Non-GMO DAP Italy (Northeast) ~535-545€GMO DAP Poland (east) ~495-500$

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