Ölsaaten Cockpit, 18.08.2017

Oilseeds on a stabilization course - and more for the time being After the heights of the soybean and rapesees in the month of July 2017, prices have risen   Recovered at the low level before this period.   The result of the decline is the better prospects for the US soybean supply.High stocks of stocks and a second record in succession provide for corresponding price pressure, which can not escape the competing oilseeds. Sojaschrotkurse (48% RP) in Chicago currently under the line of converted 280 € / t. In Hamburg   The quotations for the 44%   Would   Between 270 and 280 € / t.Rapids in Paris have so far been surprisingly robust against larger price cuts. The line of 370 € / t has not been maintained, but there is a slight recovery. The Canola notices in Winnipeg are now experiencing a strong stabilization success following a sharp crash since the beginning of July. It turns out that the very high estimated rapeseed harvest in Canada due to weather- induced influences must result in significant losses in yield . The strong dependency of the Canadian rap prices on the neighboring US sojap trips contributed to the recovery.For a foreseeable future , the courses will be marked by the low-rain weather forecasts in the US soybean and Canadian rape cultivation areas . In addition, strong demand for US soybeans is observed. Several large purchases of over 3 to 4 million tonnes are the reason. The latest Chinese imports are already surprising in the light of rising Chinese self-production and the full harbor port. The restructuring of pig farming in China may have an impact   The newly-built commercially-operated pig farms on an industrial scale, in which soy red as a protein component is used, as has been the case in previous backyard farms.Although the crude oil price (Brent) has recently declined somewhat, it remains above the line of $ 50 per barrel and has a fundamental stabilizing effect on the prices of vegetable oils and their raw materials. Although the euro has declined slightly in the face of strong US economic growth , it is still at a comparatively high level of $ 1.17 per €. This slows the price increase in the rapeseed and soybean imports with consequences for the domestic prices.