The recent severe setback in futures prices of most oilseeds, oils and meals was overdone from the fundamental perspective. It was mainly driven by outside factors and generally negative sentiment, with funds becoming heavy sellers. Favourable weather in the USA and improved rainfall in the Black Sea region contributed to the bearish sentiment. However, the extent of the price decline was not warranted at all by the prospective global supply & demand fundamentals of oilseeds & products.
展开▼
