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Global demand for oil was exceeding production by 1 MMbpd before the Russia-Ukraine war, setting the stage for an oil market that could continue to see significant price changes.
The US soybean demand in 2022 is likely to get support from a prolonged drought at its top rivals Brazil and Argentina analysts told S&P Global Platts, which could propel prices in the coming months as well. According to Platts assessments, SOYBEX FOB New Orleans for March loading was estimated at $555.93/mt on .