ZMP Oilseeds News-Cockpit

ZMP Cockpit – News Summary

Rapeseed does not find a consistent direction

In Paris, rapeseed could not find a unified direction. While the front month ended the trading day with a loss, the back dates stood still and were even able to gain slightly in some cases. On the Canadian stock exchange, canola contracts continued to head south shortly before the weekend. Professional investors in particular were not really active in trading and thus put prices under pressure....
  • Forecast for rapeseed production in the EU has fallen
  • Experts expect increased soy processing
  • Global demand remains high
  • Quiet trading on the cash markets
  • Weak US export figures
  • China's buying interest is currently declining

ZMP Market Analyses

  • IGC estimates 2024/25 soybean crop

    IGC corrects world soybean harvest 2023/24 - forecast 2024/25 The 2023/24 soybean harvest will be reduced to around 390 million t due to the weather-related adverse harvest in Brazil. Consumption is reset to a similar extent. This means that the supply situation changes only insignificantly. The IGC has issued...

  • DRV estimates the 2024 rapeseed harvest to be lower than last year

    The 2024 rapeseed harvest in Germany remains below the previous year's level . The German Raiffeisen Association (DRV) has based on the Stat. Federal Office of December 22, 2023 for winter crops made a first rapeseed harvest estimate for 2024. The DRV has partly extrapolated the forecasts of yields per hectare using several...

  • USDA updates global oilseed market

    USDA cuts oilseed market compared to previous month The latest USDA estimate of oilseed production for 2023/24 is somewhat more subdued than last month. Total production will be reduced by 1 million t to 658 million t. Global consumption remains unchanged at 648 million tonnes. Year-on-year production increased...

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