Lidea's newsletter is available

August 5, 2022

Lidea's newsletter is available

Oilseed complex:

The oilseed complex has been underpinned by the weather risk affecting US soya with the balance sheets already tight. Sunflower has also been underpinned by the loss of yield in Europe caused by drought conditions. Rapeseed is enjoying good crush margins. Geopolitics, however, could once again disrupt the oilseed complex. Between the introduction of an export corridor in Ukraine and tension between China and the USA, there is no shortage of issues and all must be monitored.

Cereals complex:

Even though the diplomatic and media excitement surrounding the departure of the first ship to carry Ukrainian grain since the beginning of the war is boosting prices, the entire cereal complex remains extremely tight. Significant exports of French wheat and the deteriorating development of maize in Europe and the USA are bringing some stability for cereals. Trade patterns are changing, but the momentum of global demand must be monitored over the coming weeks.

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