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US-China trade dispute driving oilseed market fluctuations

The ongoing trade dispute between the US and China has had a mixed impact on global oilseed markets. Soybean futures prices rose above US $9 per bushel in December, but a report from World Agricultural Supply and Demand Estimates expects world 2018/19 oilseeds production to drop from 2017/18 levels, noting global soybean production is down 2 million tons from a year ago, along with cottonseed, peanuts and rapeseed, while sunflower seed production is expected to improve.

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