ZMP Oilseeds News-Cockpit

ZMP Cockpit – News Summary

Strong US exports brake downtrend

Rapeseed on the Euronext/Matif was negative on all trading days over the course of the week. Also in today's Friday the contracts start with a red sign. The November date is already trading below the EUR 600 per ton mark again today. The European harvest was mostly good. In Germany, the oil content is particularly high and with an average yield of 3.7 tons per hectare, farmers in this country...
  • Rapeseed needs of the EU
  • Ukraine war
  • Limited logistics options
  • low willingness to sell rapeseed producers
  • Weather Conditions United States
  • better global rapeseed supply
  • Agricultural exports Ukraine

ZMP Market Analyses

  • USDA increasing world canola production 2022/23

    USDA forecasts increasing world canola production . Global rapeseed production is estimated at 82.5 million t (previous year: 72.3 million t). The previous slump in production in the EU-27 and last year's disaster harvest in Canada have been overcome. Canada is moving up with 20 million t...

  • USDA: Oilseeds cut slightly month-on-month

    USDA corrects oilseed supply 2022/23 compared to the previous month. In its July 22 estimate, the US Department of Agriculture (USDA) put the new oilseed crop 2022/23 at around 643 million t (previous year 600 million t). Consumption is estimated at 632 million t (previous year 608 million t). The final...

  • IGC estimates 2022/23 soybean harvest 11% higher than last year

    IGC estimates 2022/23 soybean harvest to be 11.1% higher In its June 2022 issue, the International Grains Council (IGC) estimated the global 2022/23 soybean harvest to be 11.1% higher at around 390 million tonnes compared to the previous year . Global consumption is also estimated to be higher...

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