Situation on the world markets of oilseeds and products of their processing with at 13.11.17 17.11.17

The world soybean market. The nearest future to 17.11.17 in the current week rose by 4.87 USD to 363,94 USD. After the release of the USDA report, the soybean market decreased, but with 13.11.17 quotes showed a surge of activity throughout the week grew. Market analysts recognize that substantial support to the market has been waiting for a significant effect on the yield of LA niña (the maximum power for the past 6 years), as well as China's increased interest in the corn market (which is closely correlated with soy). Such weekly growth demonstrates the market potential, its growth can not but rejoice.

Export sales of the week amounted to 2,256 million tonnes of oilseeds a Major buyer was China (1.48 million tons). Soybean meal exports amounted to 315,954 kt, and oil – 12,66 tonnes China remains the key consumer of soybeans in the world market. So, according to analysts Cofco Group in 2017/18 MG China imports about 100 million tons of soybeans. Basically the reason for the active import of soybeans continues to be the growth of the livestock industry in the country.

Additionally, the market forecast supported by Informa on the reduction in acreage of soybean in 2018. According to experts soybeans can be sown on 720 thousand acres less than it was estimated in October (89,627 thousand acres). The reduction in acreage under soybean will occur in favor of corn. So, in 2017 in the US for corn will be assigned approximately 90.4 million acres, and soy - 90,2 million acres.

Additional effects on the market have the pace of sowing of soybean in Argentina, where meteorologists do not rule out the dry weather in grain-producing regions of the country. Lack of moisture affects the promotion of Seva. Many manufacturers intend to suspend the sitting until the rains. Meanwhile, sowing has progressed in the country at 12%. In turn, in Brazil's Northern soybean performed on 57% of plan and over the past week sowing campaign has moved to 14%, which is higher than the average rate, but below the level of last year (63%). However, it is worth noting that lack of rainfall can affect crop yield and in some States of the country (Mato gross).

Rape in the reporting week grew after the soy. Thus, the growth for the nearest futures contract rapeseed made up 2.36 USD to 446,43 USD.

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week declined by 19.25 USD to USD 643,75. The main pressure on palm oil had a decline in soybean oil on the Chicago Mercantile exchange. Also worth noting is the seasonal factor of decline in exports of Malaysia at this time of year.