22.
12.17
07:10

HANSA Derivatives Trading - Oilseed Mail

Since the beginning of December, the prices of CBoT soybeans have fallen continuously. Currently, the front month is trading at its 4-month low. Rainfall in Argentina's cereal belt and another record harvest in Brazil are eroding hopes that high oil inventories around the world will slow this season. The European Commission allowed Canadian canola for biodiesel production in the EU this week. Yesterday, China tightened its requirements for US soybeans: From January, only 1% foreign components may be included in deliveries. Rape cultivation in Germany is 2.6% lower this year. There is uncertainty about the market development in the coming weeks in the German cash market. Importraps from Australia and cheap biodiesel imports from Argentina spoil the mood of the suppliers. Text: HANSA Derivatives Trading GmbH - own research / graphics: Saxo-Trader

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