Ölsaaten Cockpit, 25.08.2017

Future US duties on biodiesel boost oilseed prices - Crude oil prices stable over $ 50 per barrel The announcement that imports of biodiesel imports into the United States will bring import duties between 40% and 70% of the value of goods in 2017 has boosted oilseed prices. In the meantime, deposits are collected to avoid hamster purchases. This is the case in the first line, Argentina , which sold 1.5 million tonnes of biodiesel to the US in the previous year. Indonesia has delivered 350,000 tons. The reasoning is allegedly indirect subsidies through differentiated export tariff preferences . The EU has been raising so -Anti-dumping duties on biodiesel imports to be reviewed for WTO conformity. A July deadline for continuation was postponed until September 2017. A further trade-political uncertainty is thus in the room. Depending on the oil content, the oil seeds reacted with price increases . Rapeseed in Paris marched through the line from 370 € t to the top. Canola in Winnipeg moved first, but then gave up again. In Canada one is puzzling about the actual amount of rape harvesting . Shortly after the high sowing areas, 21 million tonnes were predicted, today only 18, x million tonnes are estimated.How high the negative effects of drought has actually been is to be released by the end of the month. In its latest estimate of Aug. 2017, the EU Commission estimated the EU rapeseed crop at 21.85 million tonnes (previous year: 19.66 million tonnes). With an average cultiva- tion area of ​​6.7 million ha, an average yield of 3.3 t / ha is assumed. EU imports are estimated at 3.4 million tonnes, compared to 4.7 million tonnes in the previous year. The soybean pressures under pressure have stabilized. For EU imports of soybeans, the strong price of the euro is again compensating for the price increases.Fundamental support is also provided by the high crude oil price of $ 52 per barrel of Brent. Depending on the outcome of the decisions, trade flows will change . Argentina has already put all the levers in motion to counter the arguments and to take the necessary countermeasures. The palm oil courses in Malaysia sense high altitude flight. The next few months will still provide some surprises. In addition to weather-induced crop influences with a focus on soya harvesting in the USA, the risk of policy change risks future price uncertainties .