Uncertainty seems to be growing by the week, as announcements keep coming in and the oilseed complex is moving a lot regarding news and sentiment. There are currently several factors in the market that are preventing us from leaving the greatest uncertainties behind us. The Indonesian export policy regarding DMO is a significant contributing factor, and one that is likely to continue to cause great uncertainty in the time ahead.
In a similar way, the ongoing war between Russia and Ukraine is keeping the amount of uncertainty high on a global level. Crude oil prices are spiking again and the availability of Ukranian export products remains very limited, which keeps shortages for some products highly likely. It is expected that the various uncertainties in the market will stay for some time, with (un)expected policy changes likely driving the market in either direction in the following weeks.