Sunseedman | Daily Reports on Vegoils

Jun 23, 2022 | Agricultural Markets

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Russian/ukrainian war:Today is 120th 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: Petrol: by yday, petrol was tumbled with profit-takings, 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 albeit disappointing iranian nuke deal developments/new us sanctions, embargo on russia, collapsed libyan output, global tightness and geopolitical risks ( ru/ukr war ). Today, direction-seekings are likely as still around 110 $/barrel for brent.

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