The nearest soybean futures to 23.02.2018 grew by 5.42 USD to 380,75 USD. This week, the quotes slightly decreased to 26.02.18 totaled USD 380,02. Quotes in the reporting week continued its growth, based on fears of reduced crop in Argentina (due to drought). The forecast estimates the gross harvest of soybean in Argentina for the reporting week has been once again reduced to 46.5 million tons (-5,5 million tons in comparison with the previous forecast). In addition to problems with possible soybean crop in Argentina, as harvesting in Brazil also spurred the market up. By mid-February in Brazil were harvested only 17% of the acreage (26% vs. last season). The reason for the slow progress of harvesting works are the rains. The worst state of cleaning at the moment in the state of paraná, where cleaning is carried out only for 5% of the area (against 20% in the same period last year). Problems with the harvest in South American countries continue to support the market for U.S. soybeans, leaving a chance to the farmers to implement their stocks and the new harvest. Export sales of soybeans totaled 893,797 thousand tons, which was rather low. The market expected sales of old crop in the range of 600-900 million tonnes, and new crop 0-200 kt.

The soybean market since the end of December 2017, growing and substantive support he has been causing problems with the harvest of the new season in the countries of Young America (the main US competitors in the global market). Analysts ' forecasts about the global harvest has been reduced, which also allows the prices to strengthen. So, according to estimates of the World grains Council (IGC), world soybean production in the new season will be about 347,0 million tonnes (to 2.0 million tonnes from the last estimate and 349,9 million tons last season). Problems with the implementation of soybean in many countries lead to the build-up of inventories, which, according to analysts, will make this season to 45.8 million tons (+2.7 million tonnes on previous estimates). The forecast of world trade was lowered to experts 152,8 mln tonnes (against 153,2 million tons at the last estimate). Thus, the world carry-over stocks of soybeans, according to experts, will grow, and their volume will reach 44.1 million tonnes (+3.7 million tons last assessment).

Rape in the reporting week grew. The increase for the nearest futures contract rapeseed for the reporting week amounted to 3,70 USD (up to 437,95 USD).

On the Malaysian stock exchange in Kuala Lumpur the nearest futures contract for palm oil for the reporting week rose 1.25 USD to 647,75 USD.