Oilseeds:Bearish USDA report weighs on well supplied market

摘要

An increase in the U.S. Department of Agriculture's (USDA's) estimate for U.S. 2015-16 soybean production added to the overall picture of a well supplied oilseeds market and turned market sentiment in more of a bearish direction."World soybean markets eased during November, with the IGC GOI sub-index falling by 3%," the International Grains Council (IGC) said in its Grain Market Report at the end of November. "Despite good underlying export demand, pressure stemmed from prospects for ample global supplies, with better than expected harvest results in the U.S. and improved planting conditions in South America."