B · Normal
[Citi: El Niño coupled with high energy costs, rising risks for grains and oilseeds] On October 27, Citi released a commodity research report pointing out that the current global CBOT grain and oilseed markets are in a special cycle where multiple risks converge. Geographical conflicts, high energy costs, and rigid demand for biofuels coupled with strong El Niño climate threats jointly build a supportive environment for agricultural products. Although crop supply in some major producing areas has improved and market sentiment has cooled, the vulnerability of global grain supply and demand is still underestimated, and the price trends of different varieties show a differentiated pattern.
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