International Oilseeds Market

05-Dec-2024 08:05 AM

International Oilseeds Market
Brazil Rains and Soybean Market Conditions
Brazil Rains
Rain persists in Brazil's weather forecast, presenting challenges for bullish momentum in the market.
Trade uncertainty lingers as President-elect Donald Trump is set to take office next month.
Export Sales Report
USDA Announcement:
This morning, a sale of 30,000 metric tons of soybean oil to South Korea was reported.
Weekly Export Sales Data (to be released tomorrow):
2024/25 Soybean Sales: Forecast at 1.1 to 2.5 MMT.
2025/26 Soybean Sales: Projected between 0-75,000 MT.
Soybean Meal: Estimated sales range of 150,000 to 600,000 MT.
Soybean Oil: Expected range of 10,000 to 70,000 MT.
Canada Canola Production
Stats Canada Report (due Thursday):
Canola production is forecasted at 18.51 MMT, a drop from last year’s 19.19 MMT.