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World market of oilseeds: trends of the week
The nearest future to 22.12.17 decreased by 6.52 USD 348.88 USD. As of the end of 26.12.17 the nearest futures have made 351,98 USD.
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Situation on the world markets of oilseeds and products of their processing with 18.12.17 for 22.12.17


The world soybean market. The nearest future to 22.12.17 decreased by 6.52 USD 348.88 USD. As of the end of 26.12.17 the nearest futures have made 351,98 USD. The effect of a change in soybean futures was the news about the weather in Argentina. Due to the long drought sowing soybean in the country was delayed. The market calmed down a bit after forecasts of rain last weekend. However, the rain held locally and they turned out to be insufficient to meet the demand in the level of moisture in the soil. The next chance of precipitation to fall in the country is possible only 5.6 January, which is obviously insufficient for active planting as soybeans and corn.

Sowing of soybeans in Brazil is better. So, the favorable weather allowed to speed up the sowing company. The yield forecasts for the current season remain high enough (while maintaining the favorable weather). Positive sentiment affect the sales of future crops (American soybean, as you know, this season suffers from a lack of high quality, and buyers are looking for other vendors capable of high-quality products to provide). The volume of forward sales of soybeans harvest in 2018 is already 39%.

Export sales of the week amounted to 1,743 million tons (+0.2 million tons to last week) when market expectations are 1.3-1.8 million tons, than have been able to support the market from declining.

The only thing that Mars the mood of the exchange is the prevailing low level of prices for the current season. If last year at this time, the price of soybeans has fluctuated in the range 365-395 USD, in December, the price does not rise above 365 USD, which can not to upset manufacturers worldwide.

 

Rapeseed as of the reporting week declined. So, drop for the nearby futures rapeseed in the reporting week made up 4.93 USD (up to 417,71 USD). Since the beginning of this week quotes a little strengthened and made to 27.12.17 in 419,75 USD. The market of rapeseed decreased under influence of the neighboring soybean market. Experts say the possibility of reducing the production of culture in the coming years in connection with reduction of demand for it. Rape has traditionally been raw material for the production of edible oils for the feed industry and for biofuel production. It should be noted that the use of rapeseed as raw material for biofuel production will decrease in connection with reduction of demand for biofuels, as well as priority use of soy for biofuel production. Experts agree that soy over the next 10 years will replace the canola, as feed industry will affect the structure of sown areas under these or other cultures.

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week declined by 16.5 USD to USD 590,0.



Translated by service "Yandex.Translation"
Источники: Agro2b
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