USDA estimates bumper crop for US soybeans – soybean prices give to Im recent Sep. 16 market report estimated the U.S. Department of agriculture (USDA) the global oilseed crop on one record high of 545 million tonnes. The additional amount for the previous year amounted to around 24 million tonnes or 4,6 %. The previous month's estimate was lower still a million metric tons. The largest share has the soybean with a harvest volume of 330 million tonnes. In this sector is the largest growth with + 17 million t achieved. Smaller increases are achieved in the sunflower field, while cuts must be accepted when the RAPS still. The soybean production experienced the biggest leap upward in the United States . Yet in the years 2013/14 the U.S. crop amounted to 91 million tons. For the now upcoming harvest 2016 estimates the USDA a lot of 114,33 million t. background for the increase is in addition to a moderately increased acreage in particular the unusual level of earnings of over 45 dt / ha this year. The weather history in the majority of U.S. soybean - growing area was all prophecies of doom (La Niña) despite extremely favourable. Contrary to other forecasts, the USDA estimates China Import only at 86 million tonnes. The reason is seen in the increase in Chinese own generation. China pays its farmers if they change from the maize on the soybean approximately €350 / ha. The consumption of soy is expected to increase around the world only to 11 million tonnes. Taking into account the reduced overhangs at the beginning, the stocks remain largely unchanged at the end of the marketing year. This signals a sustained favorable supply situation for the year 2016/17 For the second market leader palm oil in the sector vegetable oils the USDA estimates a harvest volume of 65.5 million t. This exceeded the previous year crop damaged by El Niño drought by 10%. Yet, one assumes that the closing stock on a 20% lower level remain compared to previous years. The global canola crop estimates the USDA on nearly 67 million tonnes below the previous years results with 71 million tonnes. For the world's largest producers, the EU estimates still 20 million tonnes while forecasts in the EU the USDA only even are little over 19 million tons. The second largest producer in Canada is still at 18 million tonnes is classified, after there has been uncertainty in Canada as a result of miscalculation. China's rapeseed crop is about 1 million tons below last year's level with 13 million tonnes. However, the Indian rapeseed crop promoted a 5.8 to 6.8 million tonnes. The global supply situation in the canola sector is still scarce. End stocks are downgraded from 7 to rare low 5 million tonnes. Soya prices on the stock exchanges have again after the last small altitude relented slightly and went back to their original value low. The pressure of the quotations of other oilseeds leads to falling prices of canola to the Tine orientation marking of €370 / t on the Paris stock exchange.
