By Olivier Bouillet, Head of Analytics & Insights at ASAP Agri

Over the past two months, Ukraine has twice set new records for monthly soybean oil exports, reaching 40 KMT in Oct and 43 KMT in Nov. This trend could very well persist in the months ahead. Soybean crushing continues to offer positive margins for crushers, unlike the sunflower complex market, where margins have been in negative territory over the past two months. However, a notable decline in sunflower seed prices observed since the beginning of this week has allowed sunflower crushers’ margins to recover from negative values to break even. Nevertheless, the physical seed coverage of these operators remains precarious, and a new battle between crushers is already anticipated as activity resumes after the holiday period.

Full story is available at Latifundist.