Ölsaaten Cockpit, 25.01.2017

Rape rates soaring - soybean prices already back on descent - repaid the euro - uncertainty by new US trade policy After the steep rise of the soybean prices as a result of the uncertainties with the Argentine soybean crop and disabilities at the Sojatransport in Brazil, the supply situation is perceived now but less critical. Soya prices give high levels. In the United States are the soy meal prices to €350 / t dropped back. On the Hamburg stock exchange the temporary upturn was not even taken in full. The back invigorated euro, who designed the import goods slightly cheaper was helpful. The prospects for the soybean market remains continue to be good despite the weather problems in Argentina. In Brazil, the harvesting operations are in full swing. The supply situation is at least at a good average level. The most recent estimate of a not so great expansion of cultivation in the United States should do little demolition this assessment. But still considerable risk premiums in the courses remain priced. Are things different in the canola sector. The courses to overcome any previously-built line of resistance. In Paris, the quotes currently control to brand the €430 / t. Essential impulses come from the rising price of palm oil, which in the course of the month Jan in some price fluctuations could significantly quicker. The short-term recovery in the soybean sector has made his contribution. A stable crude oil price hedges the Spa development down.  Price line of €370 per tonne in the Canadian Winnipeg , one must be for canola canola with the content. Here, the neighboring soybean listing in Chicago absorbs higher price increases. A rising euro exchange rate has contributed to a price level, because the necessary EU rapeseed and soy import may with the higher purchasing power of European currency introduced cheaper be. Favourable market developments in the soybean sector should assert itself more in the next few weeks and months, is hardly to be expected a further increase of in rates. However the risk is enhanced by the new U.S. Administration with its restrictive approach to free trade.  You should probably assume that the fluctuations are greater.