Ölsaaten Cockpit, 29.09.2017

Oilseeds courses under harvest pressure - high crude oil and falling euro rate for inflation   The oilseed market does not come out of the contrasting developments of the main influencing factors. The crude oil price is driven by the political tensions between the US and Iran and ensures high fuel prices, which serve as a guide for the commodity quotes of biofuels   with a focus on biodiesel.A euro price with falling purchasing power contributes to the fact that import goods have to be purchased at soya and rape more expensive. In the case of the biodiesel market, the reduced EU import duties are pushing for the prices of vegetable oils, of which rape is particularly affected. On the other hand, the new US import tariffs on biodiesel support the course developments in the soybean complex. Changing assessments of the US Soybean harvested have led to a moderate development of soya. In any case, EU imports of soybeans will become more expensive by themselves. Despite rising crude oil prices, palm oil prices have to bend the rising seasonal supply. The production peak will be in the coming month of October.Accumulated inventories are depressed by the rates. The future course developments in the oilseed sector are difficult to bring to a denominator. While there is hardly any scope for rape due to the low-priced biodiesel imports and cheaper palm oil in the future, the soybean sector could have some more air in the Soybean depending on the actual output of the US harvests and the difficult sowing conditions in South America. However, one should be aware that the oilseed market is above-average well supplied, so the prices do not grow into the sky. Trade policy tensions and unsettled import duties are causing uncertainty