Ölsaaten Cockpit, 18.11.2017

Rape courses at a higher level, but not convincingly stable - soy tends to be weak - reduced palm oil prices After a brief soaring, rape prices in Paris have returned slightly below the € 380 / t mark .The increased   Price levels are linked to the higher price of crude oil , but recently it has weakened again due to high US oil stocks.   The reduced palm oil prices as an important competitor to the rapeseed oil also ensure that the rape prices do not get much room to move up.  The euro exchange rate, which has become stronger, also has a price-reducing effect. According to the information from Malaysia, the palm oil courses should continue to be on slightly reduced lanes. Fruit growth has passed the peak; inventories have risen and exports are developing in subdued conditions. Nevertheless, the price remains in the upper midfield. Courses in the soybean complex are currently uneven.Following the announcement that bean processing in the US has fallen far short of expectations, soybean oil prices have risen sharply.   Counteract this   the below-average US export volumes   Pressure on the courses. The high dollar exchange rate compared to the Brazilian   Currency weakens the competitiveness of the US commodity.In the background, the better Brazilian sowing conditions for soy provide promising prospects for a good harvest in spring 2018. But that's still a long way to go. The introduction of US import taxes on biodiesel from Argentina and Indonesia has now been implemented. In advance, higher deposits were required. To what extent the new situation will affect the price development, is still not very manageable.