Crop forecaster Strategie Grains revised their forecast for EU OSR production down to 16.68 million tonnes from last months 17.02 million tonne estimate. Harvest projection is now below the previous years production.
China / US trade tensions re emerging, phase one trade commitments are still far from being met. New national security legislation concerning Hong Kong has been imposed with US threatening a tough response. Any imposition of sanctions by US may be met with downscaling of intended US Ags purchasing by China.