Situation on the world markets of oilseeds and products of their processing with 16.10.17 for 20.10.17

The world soybean market. The nearest future to 20.10.17 this week fell by 7.9 USD to 359,62 USD. Weather during the reporting week in the US has put pressure on the quotes of Chicago, since most traders do not pay attention to the forecast of rain in the Eastern United States. Export sales of soybeans for the reporting week amounted to 1.85 million tonnes, 18.7% higher than last year, sales of soybean meal – 154,66 million tonnes, soybean oil – 6,458 thousand.

The market of soybeans for the reporting week have experienced pressure from the increase forecasts sowing of soybean. Thus, according to Informa Economics forecast sowing soybeans in 2018. has been upgraded from 89,057 million acres to 90,347 million acres. If the factor of the weather supported the strengthening of world prices, this week the news about improving weather conditions in the US and Brazil led to a weakening market. Improving weather conditions in Brazil will allow you to more successfully complete the sowing company. It is also worth noting that according to the experts, USDA precipitation in Argentina, which was previously estimated as excessive, will not have a big negative impact on the volume of harvest. Thus, according to experts, the area sown in Argentina will be in 2017/18 MG 19.1 million ha.

Soy complex while there are a number of problems (regarding the weather conditions in South America) that can influence the market and lead to reduction of the sowing area of soybeans. However, market experts recognize while excessive exaggeration of such assumptions and projections about the reduction of acreage of soybeans in favor of corn many consider unreasonable.

Rape in the reporting week followed by soybeans. So, drop for the nearby futures made up 2.14 USD to 432,15 USD. The decrease in quotations was influenced by the forecast growth of rape production in France in 2017/18 MG 4.7 million tonnes to 5.5 million tonnes (+16.0 percent). While sown area under crop will decrease by 6 per cent to 1.46 million ha, and production volume will increase due to the growth of productivity to 37.5 C/ha.

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week declined by 7.0 644,5 USD to USD.