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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 22: 
World soybean stocks will fall below the year-ago level as of end-August 2016...

World soybean stocks will fall below the year-ago level as of end-August 2016, contrary to earlier expectations of an increase. The downward revisions will be mainly on account of the USA (larger than expected exports and crushings in May/Aug 2016) and South America (due to the lower soybean crop). Our revised estimates will be given in the OIL WORLD MONTHLY of April 29. Soybean has improved its competitiveness relative to corn. The soybean/corn price ratio has recovered noticeably since mid-March when the US planting intentions survey was taken. As of April 21 the soybean/corn price ratio had recovered to 2.65 in the May contract and 2.54 for the new crop (Nov soybeans/Dec corn) compared with 2.42 and 2.33 in mid-March. Will US farmers shift some of their intended corn area to soybeans? Or has the improvement in the competitiveness of soybeans come too late?

OIL WORLD WEEKLY of 22 April 2016...



Apr 08: 
MALAYSIA: Palm Oil Output Seen Declining to 4-Year Low in 2016...

The latest production results and ongoing dryness prompted us to reduce our estimate of Malaysian palm oil output in Jan/Dec 2016 to 19.2 Mn T, 4% less than a year ago and probably the lowest level in four years.
The ongoing dry spell in key palm oil areas of Malaysia will affect production with a time lag of 6-9 months. Sabah and Johor received only 40–50% of normal rainfall during April 1-10, aggravating the drought stress to palm trees after the deficient rainfall throughout most of Jan/March...

OIL WORLD WEEKLY of 18 April 2016...



Apr 01: 
Market Needs to Reconcile Shortage of Vegetable Oils with Glut of Soybeans...

Soya oil is likely to follow palm oil upward to finance a growing share of the soybean crush. This may not prevent soybean prices from declining as large supplies of soya meal are likely to exert price pressure...

OIL WORLD WEEKLY of 1 April 2016...



Mar 23: 
Up-to-date Statistics Released for Key Countries & Commodities...

We compiled up-to-date statistics, including supply and demand, trade details, area and production for the following commodities & countries:

  • Palm Oil

  • Soybeans, Oil & Meal

  • Rapeseed, Oil & Meal

  • Sunseed, Oil & Meal


  • EU-28

  • China

  • India


    The data are based on the MONTHLY of 18 March 2016. More info under www.oilworld.de/statistics. Please contact us for further info on the data provided by OILWORLD.

    Mar 23: 
    OIL WORLD Data Base March 2016 Released...

    on CD-ROM

    -- Date of Release: 24 March 2016 --

    2015/16 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 2015/16 oilseed area. yields and production and world supply and demand outlook for oils/fats and oilmeals for next season!

      Up-to-date estimates of 2015/16 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 2016.
       

    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 2001 up to March 2016 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 2016. 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 2015/16 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 2015/16 and the 3 calendar years ending 2015. 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 11: 
      UKRAINE & RUSSIA: Spring Planting Prospects...

      Record sunseed plantings of 13.1 Mn ha are considered likely in 2016 in Ukraine and Russia combined (up 0.7 Mn ha from last year), in our opinion, owing to a combination of supportive world veg. oil fundamentals, attractive prices and relatively low production costs. This is seen raising the possibility for a record sunseed crop to be harvested in the autumn of 2016 on the assumption of normal weather conditions this summer...

      OIL WORLD WEEKLY of 11 March 2016...



      Mar 04: 
      EU-28 Supply & Demand Update 2015/16...

      The EU-28 is currently expected to increase net imports of oilseeds by 0.7 Mn T to 18.4 Mn T in Oct/Sept 2015/16, the highest level in 14 years. The higher import demand results mainly from this season’s smaller EU rapeseed and sunseed crops. The EU may turn into a net importer of sunflowerseed this season. Despite larger imports, EU crushings of oilseeds are forecast to decline by as much as 1.0 Mn T to 46.9 Mn T in Oct/Sept 2015/16. Increases in soybeans and linseed will be more than offset by pronounced reductions in sunseed and rapeseed.

      OIL WORLD WEEKLY of 4 March 2016...



      Feb 26: 
      Lauric oil prices continued to appreciate during the week in review..

      Lauric oil prices continued to appreciate during the week in review - gaining US-$ 30. At the close of Febr 25 palmkernel oil was quoted at US-$ 1030 in Rotterdam, US-$ 380 above the low established as of end-Aug 2015. In the same period coconut oil prices advanced by US-$ 300 and were quoted at a one-year high of US-$ 1255 in Rotterdam yesterday. Lauric oil prices have been supported by prospects of declining production and export supplies - at least in Jan/June 2016. However, we consider lauric oil prices as unsustainably high and expect a narrowing of the price premiums relative to palm oil. This adjustment is likely to come from a slowing-down of consumption.

      OIL WORLD MONTHLY of 26 February 2016...



      Feb 19: 
      The spectacular growth in exports of soya oil and meal has recently driven soybean crushings to record levels in Argentina...

      The spectacular growth in exports of soya oil and meal has recently driven soybean crushings to record levels in Argentina. Processing of soybeans is promoted by tightening supplies of palm oil and relatively low crushings of other oilseeds. Net exports of soybeans from the five key countries declined for the third month in a row with a year-on-year reduction of 1.0 Mn T in January, primarily due to a temporary slowdown of demand from China. The demand for US soybeans and products suffered a severe blow from strong South American competition and the strength of the US dollar. In Nov/Jan 2015/16 US soybean disposals (crushings plus net exports) plunged by as much as 5.0 Mn T from a year earlier, resulting in burdensome US soybean stocks.

      OIL WORLD WEEKLY of 19 February 2016...



      Feb 12: 
      World Palm Oil Production Declining From A Year Ago...

      The downtrend in stocks and export supplies has contributed to appreciating prices and a narrowing of the price discounts vis-a-vis soya oil and other vegetable oils.
      Further price increases are limited by the increasing probability that demand for palm oil as a biodiesel feedstock will be curbed in Indonesia, Europe, Malaysia and other countries...

      OIL WORLD WEEKLY of 12 February 2016...



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