The nearest future to 16.03.2018 grew by 7.44 USD to 385,62 USD. However, since Monday quotes fell to 375,70 USD. Export sales of soybeans old crop amounted to 1.27 million tonnes, which was slightly above the upper bound of (0,8-1,2 million t in the prior market expectations). It was less than sales last week, but still 3 times higher than the same week last year. Sales of soybean meal totaled 181,066 kt (when market expectations 100-350 kt), and sales oil – 31,595 thousand tons (compared to expectations of 15.0-35.0 thousand tonnes).

Soybeans continue to be the focus of traders, as demand for my yet stable enough and soybean is the most promising from the point of view of obtaining the yield of culture. Last week, corn declined, while soybeans were growing up, what did not prevent the fact that most market analysts have noted that the area under maize will be reduced by 1 million hectares to 1.5 million hectares, and the area under soybeans will amount to 2.0 million hectares. Market analysts expect the sowing area of maize in the current season will be minimal for the past 3 years. In spite of this soy prices last week continued to rise. However, on Monday, this factor still had an impact on soybean futures, which began to decline gradually.

Manufacturers of soy in the US is very concerned about the relationship of the US and China (which may have an impact on the export of soybeans and the profitability of growing this crop). Last week trump asked his assistants to develop a system of more stringent duties in response to the theft of intellectual property (these restrictions will be extended to more than 100 Chinese goods). In a letter to the President, the trump, the American Soybean Association (ASA) urged him to either change or cancel fees. Over the past 20 years, U.S. soybeans contribute to the US trade balance more than any other a/V products that can not be ignored in the development of such harsh measures. The soybean trade between the US and China is estimated at about 14 billion dollars annually.

Meanwhile, analysts do not predict significant problems in trade soybeans (US and Brazil). So, according to estimates by Oil World (Germany), at the end of March the volume of world soybean exports will increase to 15.5-16 million tonnes and 1.5-2 million tonnes will exceed the index for the same month a year earlier. In particular, the expected increase in shipments of the oilseed from Brazil (up to 9-10 million tons) and the United States.

Rape in the reporting week grew after the soy and 16.03.18 reached the level 429,49 USD (+3,48 USD).

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week grew by 13.5 USD to 620,5 USD. The main support for the market of palm oil has increased soybean oil, as well as information on the reduction of palm oil stocks in Malaysia as at the end of February.