Situation on the world markets of oilseeds and products of their processing with 10.04.17 at 14.04.17

The world soybean market. The nearest futures contract March 17 to 21 April fell by 1.65 USD to 349,43 USD. The soybean market with a high degree of saturation of the world market of oilseeds new crops sensitive to the demand from major buyers. The main indicator of the dynamics of the demand for soybeans continue to be the export sales and the results of tenders. Over the past week export sales (on April 13) of soybean was reduced to 211,0 million tonnes, which was 47.5% below the level last week and 48.3% the level of last year. New sales also decreased significantly, which had a significant pressure on the market. Delaying the planting of corn (which was mentioned in the report of last week) supports the rumors that the area under soybean will only grow. It is worth noting that, despite the reduction in export sales quotes "dipped" not as much as could until the lower border in 349,43 USD has not been overcome.

The market responds to the supply Outlook for Brazil, which in the reporting week increased the Agency ABIOVE to RB 110.7 million tons (compared to 107,3 million tonnes previously). The export forecast for the country was also raised by 0.5 million tonnes to 60.3 million t

Rape in the reporting week continued to strengthen. However, the nearest futures fell for the week by 5.95 USD 427,00 USD.

On the Malaysian stock exchange in Kuala Lumpur the nearest future for palm oil in the reporting week has recovered after falling to 607.00 USD 5,50 USD.

According to the updated forecasts of analysts of Oil World, in 2017 the production of palm oil in Malaysia will amount to 19.9 million tons, 2.6 million tons will surpass the previous year's level, but still inferior to the rate for 2015

The increase in the production of the product is planned to be achieved by increasing the yield of oil palm in the country. It should be noted that as at the end of 2016, the age of about 21% of oil palm plantations in Malaysia have exceeded 21 years of 1.03 million ha of the total area of 5 million ha. In this age of 13.4% of the plantations (0.67 million ha) ranged from 21 to 25 years, to 7.3% (from 0.37 million ha) – more than 25 years.

Export prices (FOB) for oilseeds

Export prices of Argentine soybeans rose by 2.0 USD (353 USD). American soy has grown with the support of the exchange USD to 1.0 USD 362,0. The gap between us and Argentine soybeans this week amounted to 9,0 USD.