Situation on the world markets of oilseeds and products of their processing with 23.10.17 for 27.10.17

The world soybean market. The nearest future to 27.10.17 this week dropped USD 1.28 to USD 358,34. It is worth noting that the market c 23.10.17 decreased, reaching out to 26.10.17 level 356,87 USD, but after the release of the results of the export sales began to grow. Export results really were quite impressive and surpassed expectations of experts. So, if the market expected the results of the weekly sales of soybeans in the range of 1.2 – 1.6 million tons, but in the end the report showed the level of 2,129 million tons, which is 67% higher than last week's 10.2% above last year's level. The main buyer of soybeans, which are very predictable, have been China, gaining about 1.6 million t. However, it is worth noting that this jump in sales was not enough for more confident growth of quotations and the positive end of the trading week.

The soybean market is traditionally divided between USA, Brazil and Argentina, producing a greater share of culture and as a key exporter of soybeans in the world market. However, the influence of South America on world prices, according to experts, this season is as strong as ever. Despite some delays in sowing, the countries of South America are more than determined, and not entirely satisfactory quality of the soybean crop of the United States may create problems with its sales in the future. Most traders still see the most promising market – the market of soybean (in contrast to wheat and maize), which leads to more focused attention to the culture. In the meantime, the sowing area of soybean in South America is growing exponentially in the past decade, and the only thing that can though as that to help market versati – the problem with the delay of sowing (depending on the strength of speculative reason and the extent to which it will support the market). The change of policy in respect of export duties on soybeans can greatly stimulate exports and thereby limit the growth of the quotes to reduce the competitiveness of U.S. soybeans for the entire season.

Rape in the reporting week followed by soybeans. So, drop for the nearby futures made up 2.73 USD to 429,42 USD. In addition to the decline in prices of soybeans in the neighboring market of soybean, rapeseed pressure the high projections of future harvest in 2017/18 MG in the EU. So, according to Strategie Grains forecast a rapeseed crop in the EU-28 in 2017/18 MG up to 21.86 million tons, which is 7.5% higher than last year. Crop growth in the EU is possible, according to experts, due to the increase in acreage under crop to 6.74 million hectares (+3,4% compared to last year).

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week after fluctuations in September, about the same level finally rose to 12.5 USD 657,00 USD.