Ölsaaten Cockpit, 07.10.2016

Soy courses under harvest pressure - Ölbetonte raw materials follow increased crude oil prices Oilseed prices are available in the field of tension between a rising crude oil price and the harvest pressure prices in the soybean field. The announcement of the OPEC States oil production to curtail, their initial effect has not missed. Given not overly full warehouses before the winter period the quotes have clearly and the $50 / barrel mark is easily exceeded. Extent to which the courses continue to rise is evaluated with skepticism. Previous experience with the OPEC decisions can expect limited staying power. The factors in the wider economic community can contribute also to other behaviors. Palm oil prices aligned on Valley drive have turned around again and jumped on the rising price. Recent numbers from this range show that slowly rises, which have increased exports but strong and inventories have been reduced significantly the production. Price increases in the sector provide significant support for the rape rates. With more expensive if mineral diesel, biodiesel is pulled along. Palm-, soy and rapeseed oil supply the relevant output bases for the production of biodiesel. If the competitive raw material should further tighten palm oil in the course, price room open for rape. For the umpteenth time on the Paris stock exchange the brand sought from €380 / t RAPs, but not yet achieved. Opponent for the aforementioned price developments is the market leader in soyoilseeds business. The current soy crop in the United States comes to its peak in the next few days and weeks. Still a bumper crop is expected, can be assumed by a rising price pressures. How far is the prices of soybean oil and soybean meal then apart develop, still remains open. As price competition will be, depends on key off of the extent of the further development of the crude oil prices with the greater breakthrough potential .