ISTA Mielke GmbH
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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

Nov 21: 
World Oilseed Supplies Seen Rising by 31 Mn T or 5.5%...

World supplies of 7 oilseeds will be more ample than expected in 2014/15. Higher stocks at the start of the season and the upward revision in production has lifted world supplies to a new high of 593.6 Mn T, up 31 Mn T on top of the boost of 36 Mn T registered last season.
There are ample supplies available worldwide. But lack of farmer selling and logistical constraints still made it difficult to fully satisfy consumer demand in the producing and importing countries in the past 10-12 weeks...

OIL WORLD MONTHLY of 21 November 2014

Nov 12: 
Update on corn and wheat: Strong front-loading of exports and stronger than expected feed demand....

Update on corn and wheat: Strong front-loading of exports and stronger than expected feed demand of several countries in Asia, Africa and Central America boosted world trade in recent months. In the FLASH of Nov 12 we are providing updated export statistics from the 6 major corn and 8 major wheat supplying countries with breakdown by country of destination. The major driving force behind the unusually large feed import demand is seen in rapidly rising livestock production in several importing countries and insufficient domestic production. Combined exports of corn and wheat showed an unprecedented increase of 37.8 Mn T or 21% from a year earlier in Oct/Sept 2013/14... OIL WORLD FLASH of Nov 12.....



Nov 07: 
US soybean exports will have to be boosted to at least 41.0 Mn T in Sept/Febr 2014/15...

US soybean exports already exceeded expectations at around 9.2 Mn T in October, a record for a single month and 1.4 Mn T more than a year earlier. We expect a further increase in shipments to at least 9.5 Mn T in November. Sharply higher US quantities are required to satisfy Chinese import needs and also higher import requirements of the European Union and several other countries. South American soybean exports are set to decline by 4.0 Mn T from last year in Sept/Febr 2014/15. Our tentative export estimate for the 4 South American countries is 7.9 Mn T compared with 11.9 Mn T in the same six months of a year earlier. OIL WORLD WEEKLY of Nov 7.....



Oct 31: 
World production of olive oil will be smaller than expected at only 2.74 Mn T in 2014/15....

World production of olive oil will be smaller than expected at only 2.74 Mn T in 2014/15, 0.7 Mn T below a year earlier, according to our latest estimate. We have made downward revisions in our production estimates for Spain and Syria. There will be the need for substantial demand-rationing worldwide (primarily in the European Union), keeping prices well supported in the foreseeable future. We expect the premium relative to sun oil to widen. Details of our revised global supply & demand estimates of olive oil (with breakdown by country) is given in the OIL WORLD WEEKLY of Oct 31.....



Oct 24: 
Dependence on soybeans will rise in Oct/Sept 2014/15......

With production and crushings of softseeds declining, soybean crushings have to fill the gap. We consider it necessary that world soybean crushings will be boosted by at least 15 Mn T in Oct/Sept 2014/15 compared with an increase of 12.0 Mn T in 2013/14. Crushings of the 6 oilseeds other than soybeans will suffer a decline by around 2.0 Mn T this season. As rapeseed and sunflowerseed are high oil-yielding seeds, this will slow the growth in world production of vegetable oils. Hence, there is significantly less scope for expanding vegetable oil use in the food and energy sectors than in 2013/14...

OIL WORLD MONTHLY of 24 October 2014

Oct 17: 
ARGENTINA: The government may set up a state-owned company to export agricultural commodities...

This at least seems to be currently discussed (behind closed doors). It could be similar to the "Junta Nacional de Granos" which had been installed in the seventies and eighties, but was closed by decree of the former President Carlos Menem in 1991 because it was considered uneffective. -- But now a corresponding agency could be reactivated... OIL WORLD WEEKLY of 17 October 2014

Oct 13: 
Combined World Production and Crushings of Sunseed & Rapeseed Declining in 2014/15...

For Oct/Sept 2014/15 we now expect only a moderate growth in rapeseed processing and a decline by 1.6 Mn T in sunflowerseed. This is in clear contrast to the unusually large increase of 9.5 Mn T in combined world crushings of the two softseeds in Oct/Sept 2013/14...

OIL WORLD WEEKLY of 10 October 2014

Oct 02: 
INDIA: Imports of Vegetable Oils Seen Increasing to a Record 12.2-12.3 Mn T in 2014/15...

With consumption of the 8 key vegetable oils estimated at 18.4 Mn T in 2014/15, India will be forced to further raise imports to a new high of around 12.2 Mn T, up 0.5 Mn T or 4%. India will thus need to import at least two thirds of its vegetable oil requirements in the new season, meaning that the import dependence will stay near the unprecedented level of 2013/14...

OIL WORLD WEEKLY of 2 October 2014

Sep 29: 
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

  • India

  • China

    The data are based on the MONTHLY of 19 September 2014 and the Data Base CD ROM released Sept 26. More info under www.oilworld.de/statistics

    Sep 29: 
    OIL WORLD Data Base September 2014 Released...

    on CD-ROM

    -- Date of Release: 26 September 2014 --

    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 Oct/Dec 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-28 as well as the major countries of the CIS, Central Europe, America, Asia, Africa and Oceania.

    Monthly prices from Jan 1999 up to September 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 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

      Sep 26: 
      World Crushings of Soybeans Expected to Rise by a Record 15.5 Mn T in Oct/Sept 2014/15...

      Global dependence on soybeans will start increasing already in the Oct/Dec 2014 quarter and accelerate in Jan/Sept 2015 as supplies and crushings of all the other 9 oilseeds are contracting.
      The declining share of processing of high oil-yielding oilseeds will curb the growth of world production of seed oils to only 2.5% in Oct/Sept 2014/15 compared with the year-on-year increase of 6.1% in 2013/14. But under the lead of soybean meal, world production of oilseed meals is seen rising by 4.2%...

      OIL WORLD WEEKLY of 26 September 2014

      Sep 19: 
      World Oilseed Supplies Seen Rising Sharply by 34.5 Mn T or 6% in 2014/15...

      During the past four weeks we have made an upward revision in our world oilseed production estimate by 3.7 Mn T, mainly on account of the USA (up 2.4 Mn T), Brazil (up 2.0), India (up 0.7) and the EU-28 (up 0.4). While the revisions in the USA and Brazil were mainly on account of soybeans, the Indian revision occurred in cottonseed..
      World production of 10 oilseeds is set to reach 519.7 Mn T in 2014/15, 21.5 Mn T on top of last season’s record. It is the third consecutive increase in production. Although we expect that world oilseed consumption will show another above-average increase, the production surplus will again be very impressive at around 17 Mn T...

      OIL WORLD MONTHLY of 19 September 2014

      Sep 12: 
      Slowdown of Soybean Disposals before Bumper US Crop Enters the Market...

      G-5 soybean disposals (crushings plus net exports) suffered a severe setback by 10% to an estimated 16.6 Mn T in August, the first year-on-year decline in more than 12 months. This followed increases of 5% each in June and July...

      OIL WORLD WEEKLY of 12 September 2014


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