Situation on the world markets of oilseeds and products of their processing with 22.08.2016 for 26.08.2016

The world market for soybeans for the reporting week "dipped" and has already reached a level in April. So, the nearest futures contract for the week decreased by 13.32 USD to 377,35 USD. Soybean market can not turn around, even with the support of export demand. Despite the fact that the results of the weekly export sales exceeded market expectations, reaching 2,054 MT (against expectation of 1.0 -1,8 mln t), the factor of oversupply was still stronger. In addition to the market of soybeans weighed a stronger dollar that forced the exchange will be reduced.

According to the International grains Council (IGC) production of soybeans in the world in 2016/17 MG will grow by 4.0 million tonnes to 325,0 million tonnes (against 321,0 million tons estimated in July and 316,0 million tonnes by the end of 2015/16). While the soybean market remains in a bearish trend.

The trend of lower prices has its own success, encouraging exports, enabling farmers to get rid of the remnants. Stronger export prices decreased for soybeans from Argentina (-17,0 USD per week with up to 419 USD 402 USD). In turn, soybeans from the United States decreased less sharply (-9,0 399,0 USD to USD), which allowed her to remain more competitive. The current situation on the soybean market – indicator of price competitive struggle for the buyer.

 

Rape in the reporting week followed by soybeans. The nearest canola futures fell for the week by 9.01 USD to 418,92 USD.

 

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week fell sharply by 12.5 697,25 USD to USD. However, despite the decline in the price of the nearest futures августа2016 is still a maximum in July 2015

Support for exchange continues to provide weather factor is El niño, which provoked the reduction in oil production (in July, it fell by 12.7%).