Sunseedman | Daily Reports on Vegoils

Jun 22, 2022 | Agricultural Markets

Reading time: 2 minutes

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Russian/ukrainian war:Today is 119th day and russian/ukranian tension/war is, unfortunately, still really so crucial/worrisome. Today and soon will be also so important to follow the developments ( hope and pray that this nuisance war will be over asap ) and reflections to our markets. Humanitarian food vessel etc corridor for ukraine ???

Petrol: by yday, petrol was further bounced with technical correction, disappointing iranian nuke deal developments/new us sanctions, embargo on russia, collapsed libyan output, global tightness and geopolitical risks ( ru/ukr war ) albeit still some lockdowns in china, opec+ output hike plans and higher venezuelan output as well as global/us growth/demand/inflation/interest rate hike concerns. Today, huge downs are likely as still around 112 $/barrel for brent.

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