ISTA Mielke GmbH
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21077 Hamburg / Germany
Phone: +49-(0)40-7610500
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 11: 
Stunning Growth of Soybean Exports May Slow Down in April/Sept 2014...

The extremely large increase of soybean exports in the first half of this season contrasted with the insufficient growth of crushings in the soybean producing countries. Soybean crushings in the US, Argentina and Brazil recovered by only around 3 Mn T from the low year-ago level to roughly 54.8 Mn T in Oct/March 2013/14. This is less than what they had processed in the comparable period six years ago (mainly due to Argentina), whereas their combined soybean exports rocketed by 60% in that period...

OIL WORLD WEEKLY of 11 April 2014

Apr 04: 
US Crop Prospects Not Yet Affecting Price-Making...

The market showed only a muted reaction to the prospective record US soybean acreage in 2014 announced by USDA on March 31 with November futures even appreciating to US-$ 12.03½ on April 3. The large planting intentions did not come unexpected and therefore probably failed to have an immediate bearish impact.
However, prospects of a large US soybean crop bear the potential of pressuring prices in coming months, taking also into account that soybean stocks in South America will still be relatively large when the next US crop becomes available...

OIL WORLD WEEKLY of 4 April 2014

Apr 03: 
2013/14 Statistics Released for Key Commodities...

We compiled up-to-date statistics with our latest forecasts for 2013/14, inlcuding supply and demand by country, trade details, area and production, monthly prices etc for the following commodities/countries:

  • Soybeans, oil & meal

  • Sunseed, oil & meal

  • Rapeseed, oil & meal

  • Palm oil


  • EU-28

    The data are based on the MONTHLY of 21 March 2014 and the Data Base CD ROM released March 25. More info under www.oilworld.de/statistics

    Mar 31: 
    OIL WORLD Data Base March 2014 Released...

    on CD-ROM

    -- Date of Release: 26 March 2014 --

    2013/14 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 2013/14 oilseed area. yields and production and world supply and demand outlook for oils/fats and oilmeals for next season!

      Estimates of 2013/14 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 2014.
       

    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-27 as well as the major countries of the CIS, Central Europe, America, Asia, Africa and Oceania.

    Monthly prices from Jan 1998 up to March 2014 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 2014. 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 2013/14 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 2013/14 and the 3 calendar years ending 2013. 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.
       


    • Mar 28: 
      Olive oil: Spain is increasing its export share on the global market this season....

      Olive oil: Spain is increasing its export share on the global market this season, taking advantage of reduced production and export supplies of Tunisia, Greece, Turkey and other olive oil producers.

      This season Spain is accounting for more than 50% of world production. It is even possible that the actual pressed olive oil production exceeds the officially reported 1.60 Mn T, which is already a record. In the OIL WORLD WEEKLY provide details of our updated survey on world production, exports, imports, consumption, stocks and prices. ..

      More details in the WEEKLY of March 28.

      Mar 21: 
      World supplies of palm oil are still tight. Despite a slowdown of usage, insufficient production has resulted in a further decline in palm oil stocks as of end-March 2014...

      World supplies of palm oil are still tight. Despite a slowdown of usage, insufficient production has resulted in a further decline in palm oil stocks as of end-March 2014. We provide our updated estimates on world production, trade, consumption and stocks with breakdown by major countries. We also provide our comments to the recent improvement in rainfall in parts of Malaysia since March 15. However, additional rainfall is urgently required to replenish soil moisture...

      2013/14 is an unusual season with world supplies of palm oil likely to rise by only 1.8 Mn T. This is in clear contrast to a significant supply boost of 4.8 Mn T last season...

      More details in the MONTHLY of March 21.

      Mar 14: 
      Additional Chinese cancellations of previously purchased soybean cargoes included both US and South American origin. The intention of China to slow shipments of soybeans in the near term is primarily due to the current large stocks...

      Additional Chinese cancellations of previously purchased soybean cargoes included both US and South American origin. The intention of China to slow shipments of soybeans in the near term is primarily due to the current large stocks of imported soybeans at the ports...
      We give further details in the OIL WORLD WEEKLY of March 14, also including our estimates on 1) Chinese soybean stocks as of end-March and 2) Chinese imports of soybeans in Jan/March 2014 as well as in Oct/Sept 2013/14...

      OIL WORLD WEEKLY of 14 March 2014

      Mar 07: 
      Vegetable oil prices appreciating. Market participants have become alerted about the looming tightness in world palm oil supplies..

      This concern is mainly caused by the drought and heatwave which has prevailed in the most recent 6-7 consecutive weeks until March 6 in many important palm oil growing areas of the Peninsula in Malaysia as well as in several parts of Indonesia and Thailand. The situation will become very critical if it stays dry for another 2-3 weeks. Oil palms are already showing drought stress. However, the impacts on palm oil production will be seen only with time lags
      Continued dryness would create a bullish price scenario for oils & fats considering the importance of palm oil and palmkernel oil which recently accounted for 33% of world production and 63% of world exports of all 17 oils & fats, as pointed out by Thomas Mielke in his presentation at the Palm Oil Outlook Conference in Kuala Lumpur on March 5.

      OIL WORLD WEEKLY of 7 March 2014

      Feb 28: 
      Palm Oil Outlook: Very Little Rainfall in Parts of Malaysia, Thailand and Indonesia...

      The dryness clearly intensified during February, according to several private reports. Water-rationing has started in parts of Malaysia.
      If the dryness persists for another 2-3 weeks, stress on oil palms will intensify. But it should be considered that time lags are involved. This will start to show up in reduced production towards the end of 2014...

      OIL WORLD WEEKLY of 28 February 2014

      Feb 21: 
      Decimated Palm Oil Export Supplies Being Felt in the Market...

      Imports of the 8 oils still exceeded the year-ago levels in Oct/Dec 2013 in the European Union, the US, India and Pakistan but this was more than offset by reductions below the unusually large year-ago levels in North Africa, China, Iran and other countries, partly also resulting from stock-building in preceding months.
      In Jan/March 2014 the vegetable oil market is faced with unusually low export supplies, primarily of palm oil and soya oil, both affected by seasonally small production and low stocks in the key exporting countries...

      OIL WORLD WEEKLY of 21 February 2014


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