USDA Oil Seed Estimates: Recorded Recordings in Brazil The latest release of the US Department of Agriculture ( USDA) on the global oilseed market provided a further increase in the previous month's estimate, and even more so compared to the previous year. In the end of the 2016/17 fiscal year, 570 million tonnes of oilseeds or + 9.5% more than last year. The soya production of 350 million tonnes or more than 60% is a major contributor . The worldwide rapeseed harvest is scheduled for 2017/18 The 72 million t mark again exceed. Sunflower, peanut and cottonseed each amount to 43 million tonnes.In all cases, an increase is expected in 2017/18. 2 record soy harvest in a fiscal year 2016/17 have a decisive impact on the economy Global care situation. In the autumn of 2016, (Previous year: 106 million tonnes). At the end of May 2017, the Brazilian soybean harvest, which has ended, is currently estimated at 114 million tonnes, following a previous year's result of 96 million tonnes. For the upcoming campaign from Sep.-17, a further large soybean crop is expected to be in the order of 115.8 in the USA due to the expansion area Million t. However, current expectations are currently being expected. Only in the next two months will it be clear how much the real estate yields will actually be. Depending on weather developments, both directions are equally conceivable. As the world's largest importer, China is increasing its soybean imports to an estimated 93 million tonnes. Or 63% of world trade.The increasing consumption comes from the human diet and feed consumption For cattle, pigs, poultry and for the booming fish cultures. Fears of cancellation of deliveries have not yet been fulfilled. Overall, the global supply development in the soybean sector is assessed as above- average . The global rapeseed harvest estimates the USDA to 72 million tonnes. After several weak years, this forecast is based on the results of previous years. The two EU and Canada cultivation areas, each with approx. 21 millionT comes the Importance. This is what Canada is doing The largest leap forward with an increase of 13.5% compared to the previous year. For the EU , the USDA estimates a higher rapeseed harvest than in the previous year, but still falls short of the multi-year average. It is possible that regional frost damage in the flowering phase will contribute further reductions.The high EU import demand for rape is facilitated by the sharp rise in the euro rate, with the result that prices are not only due to the low-cost competition to be under pressure. Palm oil prices have declined significantly during the month of May due to seasonally rising production combined with weak exports. The fall of the Preistrend continues into the recent past. The production peak is expected in Oct. -17. Last but not least, the crude oil price dropped below $ 50 per barrel is an indicator of oilseed prices.
