ISTA Mielke GmbH
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e-Mail: info@oilworld.de
The Independent Forecasting Service for Oilseeds, Oils & Meals
Providing Primary Information --Professional Analysis-- Unbiased Opinion

++++ Latest OIL WORLD Headlines ++++

More details and background analysis are provided in the various Publications of OIL WORLD, primarily in the WEEKLY and the FLASH

Apr 07: 
Up-to-date Statistics Released for Key Commodities and Countries...

We compiled up-to-date statistics with our forecasts for 2014/15, inlcuding supply and demand, trade details, area and production, monthly prices etc for the following commodities/countries:

  • Soybeans, oil & meal

  • Palm oil


  • Rapeseed, oil & meal

  • Sunseed, oil & meal


  • EU-28

  • China

  • India


    The data are based on the MONTHLY of 27 March 2015 and the Data Base CD ROM released April 1. More info under www.oilworld.de/statistics

    Apr 02: 
    Current Strength in Soybean & Meal Futures May Be Short-lived Unless Weather Conditions Deteriorate...

    Even if world production of soybeans declines slightly or moderately, which we expect to occur based on certain assumptions, world supplies of soybeans will remain ample in 2015/16. We do not exclude that new lows will be made in the Nov 2015 soybean contract sometime in the weeks/months ahead, assuming normal weather conditions...

    OIL WORLD WEEKLY of 2 April 2015...



    Apr 01: 
    OIL WORLD Data Base March 2015 Released...

    on CD-ROM

    -- Date of Release: 1 April 2015 --

    2014/15 oilseed production as well as world supply & demand of oilseeds, oils/fats and oilmeals, all by country

    Take advantage of our reliable, unbiased and comprehensive information and forecasts. For a better understanding of current market developments and prospects.

    • The OIL WORLD Data Base on CD-ROM provides the information which gives you a competitive edge. It includes much more data than can be published in the OIL WORLD MONTHLY and WEEKLY:

    • Forecasts of 2014/15 oilseed area. yields and production and world supply and demand outlook for oils/fats and oilmeals for next season!

      Estimates of 2014/15 world supply & demand for all oilseeds, oils & fats and oilmeals with breakdown by country.

    • Quarterly world production, trade, consumption and stocks estimates up to July/Sept 2015.
       

    The CD-ROM provides oilseed crop and processing statistics as well as supply & demand balances for oils/fats, oilmeals etc. for the 64 most important countries. This comprises the EU-28 as well as the major countries of the CIS, Central Europe, America, Asia, Africa and Oceania.

    Monthly prices from Jan 2000 up to March 2015 for the 6 major oilseeds, 15 oils/fats and 8 oilmeals.

    • Monthly crush, production, trade and stocks data for key countries until Sept or Dec 2015. Trade statistics are provided for the major exporting countries with breakdown by country of destination and for the leading importing countries by country of origin.
      The Commodity Sections for Oilseeds, Oils and Oilmeals provide the supply and demand developments as well as stocks,with breakdown by major countries. The forecasts cover the season 2014/15 for crop production and area as well as world supply & demand of the major oilseeds and products. The time periods in most tables are the 5 seasons until 2014/15 and the 3 calendar years ending 2014. A quarterly breakdown is given in the respective Summary Tables of each commodity. Monthly Price Surveys are given for most oilseeds, oils and meals. The section 'Other Commodities' provides world production statistics for red meat and poultry.
       
    • For more info see www.oilworld.de/database

      Mar 27: 
      Declining Biodiesel Production Severely Decimates the Consumption Growth of Oils & Fats...

      We forecast total world consumption of oils & fats for food and non-food to increase by 4.3 Mn T in 2014/15, less than half the increase registered last season.
      Since demand for food is likely to increase by more than 4.3 Mn T, the world balance of oils & fats will only be in equilibrium if biodiesel production declines more or less sharply...

      OIL WORLD WEEKLY of 27 March 2015...



      Mar 20: 
      Soybeans and soya meal found new 2015 lows in the latest week......

      In contrast to the weakening soybean and soya meal prices, soya oil finished only slightly lower in the week ended Mar 19, staying above its January low and boosting the oil share of the combined product value on the CBOT to 32.4% from 30.9% on Mar 12, quite a remarkable change. Soya oil stayed at only a small premium to palm oil during the week in review, boding well for a shift in demand in favour of soya oil in a number of key veg. oil importing countries. The price competitiveness of palm oil has deteriorated pronouncedly also vis-a-vis rapeseed oil of late...

      OIL WORLD WEEKLY of 20 March 2015...



      Mar 13: 
      Vegetable Oils Are Still the Laggard, While Oilmeal Prices Remain Relatively Firm...

      Soya meal has been relatively firmer than soybeans and oil since the start of this season. This is true despite the unusually high world soybean production and the prospective significant increase in stocks of soybeans and meal this season...

      Because of insufficient production and supplies of palm oil and other vegetable oils this year, palm oil, soya oil and rape oil prices have divorced from the trend of fossil fuel prices. Thus, discretionary blending of biodiesel has generally stopped. Also, admixture mandates are currently not being fulfilled in Indonesia, Brazil, Europe and other countries. For 17 oils & fats we estimate world production to rise only fractionally by 0.9% from a year earlier in Jan/Sept 2015 (big losses in sun oil and olive oil and insufficient production of palm oil, rapeseed oil and other oils & fats)...

      OIL WORLD WEEKLY of 13 March 2015...



      Mar 06: 
      India Seen Boosting Imports of Veg. Oils by 0.9-1.0 Mn T in 2014/15...

      The demand for veg. oils is currently booming in India, driven by strong economic growth, an increase of the Indian middle class and low prices. This sets the stage for an increase in total consumption of vegetable oils by around 5% or 1.0 Mn T in 2014/15, the second highest growth on record...
      This contrasts with severely declining domestic oilseed production and crushings, magnifying the dependence on imports. We consider it likely that imports are propelled to a record 12.6 Mn T this season, up 0.9-1.0 Mn T...

      OIL WORLD WEEKLY of 6 March 2015...



      Feb 27: 
      Soya Meal & Soybean Futures Appreciating on the CBOT in Reaction to South American Export Delays...

      Export delays of soybeans and soya meal in South America are keeping arrivals in the importing countries at lower than expected levels. There is now increased nervousness among exporters, processors and consumers with relatively small physical supplies as well as among those who have short positions.
      There is a lot of uncertainty about the duration of the truckers strike in Brazil which is considered to be the most serious in 15 years. On top of that, a strike of truck drivers is looming in Argentina for the second half of March, at a time when the country’s new soybean crop will start moving...

      OIL WORLD WEEKLY of Feb 27...



      Feb 20: 
      The dependence on soya oil will rise for the remainder of this season. There are ample supplies of soybeans available worldwide, although lack of farmer selling is still of concern. But soybeans as a meal seed....

      The dependence on soya oil will rise for the remainder of this season. There are ample supplies of soybeans available worldwide, although lack of farmer selling is still of concern. But soybeans as a meal seed cannot solve a global oil supply deficit without creating a surplus in meals. Therefore, we expect that the oil share of the combined crush value will appreciate in coming months, at least moderately. We provide our revised supply & demand balances for all the major oilseeds, 8 veg. oils and 8 oilmeals, also broken down into individual quarters in the

      OIL WORLD MONTHLY of February 20...



      Feb 13: 
      Linseed & Flaxseed: Large Supplies Still to Find a Home in Jan/July 2015...

      The market is heading for ample supplies in the second half of this season, making prices in the linseed complex vulnerable to a (pronounced) setback in coming weeks and months. This conclusion is based on the following bearish factors:
      1) The linseed crop in Kazakhstan reached an unprecedented 420 Thd T this season and, if this number is confirmed, it will represent a huge growth of 42% from the preceding year...

      OIL WORLD WEEKLY of Feb 13...



      Feb 06: 
      Shrinking US tallow exports partly offset by other countries in Jan/Dec 2014...

      Tallow prices are likely to be determined by diverging developments in coming months. World supplies are expected to tighten further in view of the prospective ongoing downtrend of tallow production in the US and a probable decline of beef slaughtering in Australia from the record levels seen in recent months. At the same time, the usage of tallow for production of biodiesel has been affected lately by low palm oil prices and even more so by the weakness in crude mineral oil...

      OIL WORLD WEEKLY of Feb 6..



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