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A September oilseed outlook says global vegetable oil prices fell on Indonesian palm oil supply, and South American soybean exports are down 20% year on year. Chinese soybean purchases have slowed as Beijing shifts toward South American origin.
Canola and Ukrainian canola output are expected to be larger.
Weaker vegetable oil prices and slower soybean and meal demand from China point to softer oilseed values. Larger canola and Ukrainian crops add further supply pressure.
proteinresearch.netSep 3, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
