The world soybean market. The nearest future to 02.02.2018 grew by 2.48 USD to 359,62 USD. Quotations fell throughout the week (30.01.18) until Friday. Results export sales of soybeans old crop amounted to 242,4 thousand tons, meal sales – 474,8 thousand tons showed Such low sales, of course, put pressure on the market. USA this season can boast the pace of exports that leads to higher soybean stocks in warehouses and affects domestic prices (reducing them). Large sown area under soybean in the current season further exacerbate the situation. So, according to experts of Informa Economics crop acreage in the U.S. 91,197 million acres. Despite the fact that the forecast of sowing was reduced in comparison with the previous estimates, it still continues to be maximum and higher sowing area of other crops (corn, for example, sowing is estimated at 89,179 million acres). It is quite natural that the record of the sowing area give reason to expect high yields, which, combined with the already high level of reserves (according to experts this season, they can be 12,78 million tons), can not put pressure on the current price level.

Weather during the reporting week was to Argentina is too dry and hot, which leads to the inevitable soil depletion, rapid reduction of fertile soil and moisture. Naturally, this situation was reflected in the price fluctuations in the futures market. About half of the production area is now experiencing difficulties with the future harvest. According to the estimates of meteorologists, is expected rainy weather in the first half of this week (thunderstorms and heavy rain) only 20% of all suffering from the drought areas, which will cover only part of the lack of soil moisture. The complexity of weather can significantly affect the predictions of the soybean crop in the current season, as well as on the export activity of a country in the global market. The overall results of sowing was much worse than in the previous season (end of January, the progress of sowing was behind last year by 6.3% to approximately 34.6% of the crop estimates are in bad condition). So, now the experts of the corn exchange by Buenos Aires in his forecast have reduced the forecast of the soybean crop in Argentina this season on 3 mln t (up to 51,0 million tons).

Thus, while the weather for South American countries (in Argentina too dry, and the weather in Brazil is too wet) along with a reduction in export sales in the U.S. are the main factors affecting the change of the market. If the factor of decline in exports is putting pressure on prices, the weather even, according to analysts) can change within the next 60 days.

Rape in the reporting week grew. The increase for the nearest future canola in the reporting week made up 1.97 USD (430,56 to USD).

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week fell by 4.75 USD to 636,50 USD.