ZMP Cockpit – News Summary

Soybean courses back in positive territory

After the declines in the second half of June, soybean prices on the Chicago Stock Exchange have recaptured and plowed the way up. Most recently, they climbed to the equivalent of EUR 368 / t, surpassing the weekly line by EUR 7 / t. Support is provided in particular by the latest Crop Progress Report of the US Department of Agriculture USDA. In the run-up market participants had expected a...
  • EU rapeseed harvest is below 18 million tonnes
  • New hope in the US-China conflict
  • US soybean field worse than expected
  • The prospect of a massive offer from Ukraine
  • Great soybean offer from Brazil and Argentina
  • African swine plagues Chinese soybean demand

ZMP Market Analyses

  • DRV cuts German rapeseed crops below 3 million tonnes

    DRV estimates German rapeseed harvest below 3 million tonnes - lowest rapeseed harvest in a decade. The German Raiffeisen Association (DRV) estimates the German rapeseed harvest in its July issue at only 2.97 million t. Measured against previously common harvests of between 4.5 and 6 million...

  • USDA oilseed report with reservations

    USDA: Oilseed Estimates - Soybean crops subject to new US crop surveys In its July 2019 issue, the US Department of Agriculture (USDA) has not yet included the expected corrections in the weather-related adverse effects of US soybean sowing in its market assessment. The USDA is...

  • IGC estimates a slightly tighter supply situation for soybeans

    IGC cuts US soybean harvest to 106 million t - Reduction of global supply situation The International Grains Council (IGC) significantly reduced the supply situation in the soybean market in its June issue of 2019. Lower harvest expectations in the US are meeting falling demand with a focus on China. Due to...

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