Situation on the world markets of oilseeds and products of their processing with at 11.12.17 15.12.17

The world soybean market. The nearest future to 15.12.17 decreased by 8.27 USD to 355,40 USD. Since the beginning of the current week the prices have continued to fall and reached to 20.12.17 level 351,18 USD. Export sales of soybeans amounted to 1,423 million tonnes, of which about 872,3 kt acquired the China, a thousand 384,2 tons were purchased by unknown buyers. The forecasts sowing of soybeans in the U.S. analysts Informa Economics increased by 2018 to 94,387 million acres, which could not be reflected in the prices. The activity of the South American countries on the world market continues to affect the level of prices, as demand is still less than the supply. Futures for soybeans and meal in the past week have fallen under the influence of the monthly WASDE report of the USDA, in which the estimate of soybean ending stocks were increased by 445 million bushels (20 million bushels), reflecting a reduction of 25 million bushels of U.S. exports (which has been slow to grow in the current season).

The crop forecasts for Argentina analysts of various news agencies remain unchanged. So, according to the report of International grains Council, the soybean crop in Argentina is estimated at 54 million tons, the exports is expected in 2017/18 MG at 8.6 mln t and ending stocks at 5.4 million tonnes soybean harvesting in the country has progressed more slowly than last year. So, on 7 December sowing is made by 53.2% of the plan (44.7 million acres), which is 4.4% below last year's level. In turn, the forecast soybean yields in Brazil (Conab) was increased to 109.2 million tons because of improved weather conditions in the country and a possible increase in crop yield. However, it is worth noting that according to expert estimates, the export of the country still remain below the level of last year and will be only of 64.0 million tonnes.

Rapeseed as of the reporting week declined. So, drop for the nearby futures rapeseed in the reporting week made up 6.68 USD (up to 422,64 USD). Since the beginning of the current week the prices have continued to decline and reached the level to 20.12.17 in 421,44 USD. Analysts Strategie Grains have shown increase in production of rapeseed in the EU in 2018/19 MG to 22.6 million tons (which is above the level of the current season is 0.9 million tonnes). The demand for canola after a period of relative cooling is again gaining momentum and culture gradually began to attract manufacturers. Meanwhile, production growth, according to experts possible more due to the growth of productivity rather than growth in acreage. Meanwhile, sowing of rapeseed has faced difficulties in Germany and Poland, where rainfall delayed planting.

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week rose sharply to USD 24,00 USD 606,50.