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Friday, 20 October 2017
Market Report


Market Report Oktober 2017
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General Oils and Fats complex

Soybean Oil

soybean

The soybean oil prices have got under pressure during the last days, since the US harvest seems to be better than expected due to the higher yield per hectare. Many farmers are already selling parts of their crop, which has also an effect on the price level. Finally, there are rumors that a compromise in the negotiation between the USA and Argentina may be found, so that Argentina can sell some biodiesel quantities on the US market. However, one cannot expect prices to fall considerably, since the export demand (especially from the USA and Brazil) is consistently high. Moreover, the weather conditions in South America are rather unfavorable. In many states of Brazil it is too dry, so that sowing is impossible. On the hand, in Argentina it is too wet. This could lead to harvest damages, which could be compensated by the record US harvest from today’s view resulting probably in rather modest premiums to be paid on later dates.

Sunflower Oil

sunflower

The coming big sunflower crop and huge stocks hold the oil prices on a low level. The development is heavily dependent on the very strong demand from India and the EU.

Rapeseed Oil

The Canadian crop is going to be much bigger than expected and is going to compensate the decline in Australia and China. The availability is going to remain on a scarce level for this season as well, since the demand from the Canadian and US American biodiesel industry is expected to increase dramatically in the next months. On the other hand, the European demand is expected to decline.

Key products from the GUSTAV HEESS production in the USA

Almond Oil

Harvest is behind when compared to 2016. For new crop, everyone is talking about insect damage. There is so much of it this year that it may adjust the total crop number.

Walnut Oil

sunflower

The big variety, Chandler, hasn’t been harvested yet so there is little news about walnuts. Crop size is down from last year, prices are holding until yield information comes out.

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