Chinese economy weighs on oilseeds

Despite solid export numbers and high US soybean processing numbers, oilseeds fell sharply yesterday. Rainfall in some important growing areas weighed on trade. In addition, the soybeans reacted to the Chinese economic data in the slipstream of the crude oil markets. Due to the Corona policy in the Middle Kingdom, the local economy is ailing. This could also have a major impact on the country's soybean orders in the medium term. This morning, soybeans, soybean oil and soybean meal are also down in premarket trading. In this market environment, rapeseed in Paris also went down significantly. Cash market prices in Germany have also recently been declining.