Situation on the world markets of oilseeds and products of their processing with 19.09.2016 for 23.09.2016

The world soybean market. The nearest futures November for soybeans for the week decreased by 4.04 USD to 350,90 USD. Export sales of the oilseed market was estimated to range from 800 thousand tons to 1.3 million tons, meal – 25 – 180 thousand tons and for soybean oil – 5-50 thousand tons the results of the sales were for soybean – 875,7 thousand tons (at the lower end of the forecasts), to 158.0 thousand tonnes of soy meal and 2,1 thousand t to oil. Results of export sales, naturally put pressure on as soon found a point of support for the soybean market.

The soybean market is influenced by the cooling of interest in us soybeans and soybean oil from China. The largest global buyer is not too active in the procurement, which is reflected in price. Soybean imports in September amounted to about 7.67 million tonnes (against of 7.78 million tonnes in September 2015). It should be noted that the main suppliers of soybeans to China were: Brazil – of 4.96 million tons (compared to 5.53 million tons in September 2015), Argentina – to 1.91 million tonnes to 1.78 million tonnes). With the release of new crop U.S. soybeans on the global market of procurement of China may increase.

Soybeans for China is a very important culture and the demand for it still, according to experts, quite stable. Farming is rapidly developing in many countries of the world needs to feed from soybean. The expectation of record soybean crop in the world exerts significant pressure on the market. However, the current season is characterized by the expectation of high yields on wheat and corn. For these crops, the demand is more acute than for soybeans.

Rape in the reporting week increased. The nearest future rape increased within the week by 6.24 USD to 421,77 USD.

This week, interest in European rapeseed was warmed by the factor of the weather. The rainfall in Western Europe helped to increase the amount of moisture in the soil and give confidence to farmers that sowing of winter crops (in Tom. the number of rape) can be very favorable. It should be noted that because of the dry weather in France, sowing of rapeseed has been delayed, which inevitably can lead to a reduction in acreage under crop will affect the yield level.

Export prices (FOB) for oilseeds

 

Export prices of Argentine soybeans for the week decreased (-5,0 393,0 USD to USD). The American soybean decreased by 9.0 USD to 380,0 USD. The gap between American and Argentinean soybeans for the current amounted to 13USD.