Oilseeds under price pressure - palm oil courses at reduced price level Stable in the past few weeks oilseed prices increased level got a shock. The palm oil prices in Malaysia have fallen by almost 10% and sit down for the next few weeks and months on the reduced fixed orientation level. Better prospects for a good upcoming palm oil campaign, which will culminate in the Oct are background. Still divergent opinions about how still the aftermath of the El Niño drought maximum yields will prevent two years ago. On the other hand, cannot be overlooked that the seasonal decline in production is significantly lower in the spring months. As market leader in the vegetable oils give the fallen palm oil prices the sound on for the oil-based oilseeds, such as in particular in the case of rape. The global canola prices are caved in. In the import-dependent Europe provides the weak euro exchange rate for that rare prices fall not so deeply. On which every year taking place last weekend in the Feb. "agricultural Outlook Forum" the U.S. Department of agriculture is predicting an increase of U.S. soy area 6.3% at the expense of maize cultivation. However, not assuming the average Flächenerträgen of the last year, but expects average results. In effect, a U.S. soy crop, which left with 113 million tonnes, slightly below the record earnings of last year of 117 million tonnes calculated from the assumptions. If you added the twice as high stocks of overlay, the total supply of soy will be 2017/18 again higher than in the previous year. The USDA still expects a sustained above-average supply situationand high end stocks . The prices are at a similarly high level as currently estimated. After flying high again laid up soya courses showed no major reactions on the new information of the U.S. Department of agriculture. The results were expected on the whole. Currently the focus is especially on the past to soy crops in South America. In Brazil , despite some disability in the course of harvesting of a bumper crop between 104 to 107 million tonnes is assumed. However the farmer for sale abstain, because the strong Brazilian currency on domestic prices pushes. Soy sellers are waiting for cheaper opportunities. In Argentina the soya harvest as a result of the floods in some areas with 54 is only still just an average estimated up to 55 million. Despite the impairment or delay is to be expected with an above-average high offer from South America in the next few months be. For great price travel upwards there is little reason. For Europe the weak euro exchange rate at the import purchasing noticeable negative.
ZMP Live Expert Opinion
Except for the rape and restricted palm oil remains the oilseed market well supplied. The prospects for the year 2017 remain positive. The prices are rather located in lower midfield.