onjuncture world market for oilseeds and products of their processing with 01.08.2016 for 05.08.2016

The world soybean market, after a bounce last week, still decreased. So, the nearest futures contract for the week fell by 10.56 USD to 368,81 USD. Global soybean market continues to be influenced by forecasts of a record crop in 2016/17 MG. The increase of predictive performance of soybean production associated with the development of technology in the field of GMO (soy and corn are the key cultures that are developing GM varieties), as well as the increasing demand for soy as the main feed for livestock in many countries.

Export sales of soybeans for the week (28 July) amounted to 1.67 million tonnes, of which most were from the old crop soybeans. Sales of meal made up 215,9 million tons and oil 17.5 thousand t In turn, the soybean exports of key countries producers of this culture (South America, Paraguay, USA, Uruguay) by the end of July has decreased. The decline in export demand for soybeans from these countries collectively made up 1.58 million tonnes (1.65 million tonnes in June to 10.07 million tonnes in July). Most significantly, the export demand decreased by Brazilian soy (to 5.8 million tons from 8.44 million tonnes of Argentine soybeans (up to 1.2 million tonnes from 1.4 million tonnes). USA among the key exporting countries managed to increase the export volume for the month with 1.1 million tonnes in June to 2.5 million tonnes in July. This was mainly due to the low price, to the quality of the crop in Argentina and Brazil and these countries ' ability to meet the obligations under the futures contracts of the current season.