Lidea and Agritel latest news

December 12, 2022

Lidea and Agritel latest news

Oilseed complex

At a time when crude oil prices have rallied sharply in New York, the European markets are being penalised by the sharp rally on the euro-dollar exchange rate in recent weeks. There is a clear bearish trend on rapeseed and sunflower prices with greater supply than we have seen in recent years. Given the good supply of rapeseed and sunflower in Europe, imports and crush activity will be the main price drivers.

Cereals complex

Rising energy costs and an ongoing difficult context for the global economy are putting demand under pressure in the cereal complex. Furthermore, exports from the Black Sea are up sharply and gradually gaining market share in the main importers. After several months of slower activity, Russia may export as much as 5Mt of wheat in November. The ongoing highly uncertain weather in both the southern and northern hemispheres and the sowings in the main exporters will be among the main drivers for the new campaign.

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