Global oilseed market outlook for the week: soybeans or a seasonal rebound supported by these factors?

Gold Ten Futures, December 2, according to foreign media reports, the week ended November 29, 2024, global oilseed prices rose and fell, of which CBOT soybeans rebounded from the previous week's near four-year low, as U.S. soybean export sales hit a new annual high and Chinese buyers continued to purchase U.S. soybeans. However, U.S. President-elect Trump threatened to impose tariffs on trading partners, the outlook for U.S. biofuel policy is uncertain, and the overall good weather in South American producing areas continues to limit the rebound in prices. Given that the US soyabean harvest is over and South American soyabeans will not be harvested until early next year, indicating that seasonal pressures are waning, if supported by South American weather or Chinese demand, soyabean prices are likely to experience a seasonal rebound, although any rebound could be constrained by record global supplies and faster pricing by farmers.