Ölsaaten Cockpit, 25.03.2017

Oilseed prices: the inflation factors are for the time being exhausted - prices fall Oilseed prices go down on a broad front. The rape rates fall below again, the 400 €/ t mark. Canola canola in Canada falls deeper into direction of €330 / t. The drivers come first fundamentally by the fallen crude oil price, which is just above the $50 depending on the barrel is. In the months before moving the rates to an average of $58 per barrel. The palm oil prices in Malaysia have no longer kept the high prices at the beginning of the month of March 2017 and trigger a further falling tendency in recent years at a reduced level. In the coming months until October 2017 production will rise seasonally.   The back rising purchasing power of the euro causes that imported products such as rapeseed and soy are cheaper. Also from this side come the quotes under pressure. The biggest influence however emanates from the soy complex. The great expectations that more 50% completed South American soybean crops have a high range expected in the coming weeks and months. Reduce the risk premia in the courses. Current US overlapping stocks will of soya fail twice as large in comparison to the beginning of the year. This means a high cushion for any occurring crop loss. Still assuming in professional circles, that results in late April starting seeding of soy in the United States to an enlarged area . The U.S. soy crop held in autumn could be only slightly below the record harvest of last autumn in connection with the assumption of average income. But there still a lot of water flowing down the missisippi. The quite reasonable prospects on one exceptionally good supply situation on the soy market 2017 provide price pressure. The other products can not escape the influence of the market leader in oilseed business.