Ölsaaten Cockpit, 19.05.2017

Loss of value of the Brazilian currency - sharp drop in prices in the Soybean region The acute fall in value of the Brazilian currency Real by almost 10% in a few days has put pressure on the oilseed sector. The largest price decline occurred in the   Sojabereich instead. The quotations for soybean red in Chicago with 48% crude protein control   The brand of 300 € / t.In Hamburg, only 296 € / t is applied to the standard product of 44% crude protein. The fact that the loss of purchasing power of the Brazilian currency has developed this force is connected with the current retention of sales of soybeans in Brazil. The weaker currency gives the Brazilian sellers a competitive advantage over US suppliers over the coming months . In any case, the Brazilians will for the next time be the leading suppliers on the soy market soybean.How long, however, the political affairs in Brazil will keep the real value under pressure is difficult to predict. Normally, "normality" will return after a certain time. Perhaps the time is enough to handle big soybeans. The other oilseeds have responded in the short term to the Brazilian incidents with price reductions. The rapes in Paris and Winnipeg gave way, but showed already again first tendencies of relaxation on the lowered level. Rapeseed in Paris by 360 € / t for the August date. For November, a further 363 € / t will be traded.The palm oil courses have ended the upward development and have entered a phase of sideways movements. The crude oil course is back on the rising branch. The prolongation of the oil subsidies until next year appears to be almost the issue among OPEC members . This would provide a basic basis for at least fixed and rising prices .  With stable to rising oil prices, clear signals are also set for the prices of vegetable oils and their raw materials .