International Oilseed Market

08-Feb-2025 08:46 AM

International Oilseed Market
★ The U.S. President announced that tariffs will soon be imposed on other countries as well, causing a decline in the CBOT oilseed market.
★ After 48 hours, Trump suspended the tariffs on China for a certain period.
★ According to Stats Canada, as of December 31, soybean stocks in Canada were 1.1 million tons, 11% higher than the same period last year. Canola stocks decreased by 19.2% from the previous year, reaching 1.1382 million tons.
★ BAGE has estimated that only 17% of the soybean crop in Argentina is in good condition, with 32% in very poor condition and 51% in average condition.
★ Safras & Mercado has estimated Brazil's soybean production at 174.88 million tons.