Oilseed markets continue a bearish trend as high production in many exporting countries outweighs the effect of war on major sunflower producer Ukraine.
The United Nations Food and Agriculture Organization (FAO) in its biannual Food Outlook report, published on Nov. 11, pointed out that the world production of oilseeds in 2022-23 is “forecast to rebound from the previous season to an all-time high, primarily driven by expected output recoveries of soybean and rapeseed, which more than offset a likely drop in sunflower seed production.”
Read more here:
https://www.world-grain.com/articles/17751-grain-market-review-oilseeds
