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The Independent Forecasting Service for Oilseeds, Oils & Meals
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++++ 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

Feb 17: 
Further Increase of Global Cottonseed Production Shaping Up in 2017/18...

A reversal is in prospect next season as a firming of prices and relatively high yields achieved in many countries in 2016/17 have raised the appeal of cotton for producers.
A pronounced recovery of plantings is anticipated in India and even in China the steep reduction of the cotton area registered in the past five years is likely to be reversed...

OIL WORLD WEEKLY of 17 February 2017...



Feb 10: 
Sharp Increase in Brazilian Soybean Exports in 2017...

For Jan/Aug 2017 we estimate world soybean exports to rise by 5.6 Mn T, contrasting with a moderate decline of 0.8 Mn T from a year earlier in Sept/Dec 2016. The tightness in South American supplies and the resulting significant reduction of South American soybean exports by 6.4 Mn T could not be offset by higher shipments from the USA, Canada and Ukraine...

OIL WORLD WEEKLY of 10 February 2017...



Feb 03: 
Argentine Sunseed Crop Falling Below Potential But Still Recovering Pronouncedly in 2017...

On the back of a sizable growth in plantings Argentine sunflowerseed production is expected to reach a five-year high of 3.4 Mn T in 2017, up 0.6 Mn from a year earlier. We understand that Argentine farmers have been rather active sellers of their new-crop sunflowerseed to the processing industry in recent weeks and months. At the same time, sunflowerseed sales for export stayed considerably behind the year-earlier level. See our updated supply and demand estimates in the WEEKLY of Febr 3 where we also shed light on prospects of this year’s sunflowerseed plantings and crops in Ukraine and Russia.

OIL WORLD WEEKLY of 2 February 2017...



Jan 27: 
Little Supply Relief Anticipated for EU Rapeseed in July/June 2017/18...

Lower than expected plantings, partly unfavourable weather and early germination as well as disease pressure will limit the potential for a recovery in rapeseed production in the EU-28 in 2017. At the moment we forecast EU rapeseed output at around 21.5 Mn T compared with the low of 20.15 Mn T last year and the record 24.3 Mn T in 2014. On top of that, it is quite likely that EU rapeseed stocks at the end of this season will be critically low. However, it is still possible that rapeseed prices in the EU-28 will be affected by declining prices of palm oil and soya oil from April or May onward.

OIL WORLD WEEKLY of 27 January 2017...



Jan 20: 
Vegetable Oil Consumption Growth Slowing Down for Second Year in Many Countries...

The biodiesel programme has raised palm oil demand in Indonesia and has made it less priceelastic than elsewhere by financing the gap between prices of palm oil and fossil diesel.
If we deduct Indonesia, palm oil usage in the rest of Asia at best stagnated in 2015/16, a massive change from growth rates of 2-7%...

OIL WORLD WEEKLY of 20 January 2017...



Jan 13: 
A Vegetable Oil Tightness Has a Long Tail...

Vegetable oil prices are still well supported by the current low world stocks and the seasonally low production. The severe production deficit in Oct/Sept 2015/16 resulted in an extremely large decline in world stocks of 8 vegetable oils by 5.4 Mn T to only 23.3 Mn T as of end-Sept 2016.
We now estimate that in Oct/March 2016/17 the year-on-year increase in world production of 8 veg oils by 3.5 Mn T will be more than offset by the low stocks at the start of that period...

OIL WORLD MONTHLY of 13 January 2016...



Jan 06: 
Transition to Lower Prices in 2017 May Be a Bumpy Ride...

For the expected switch of acreage from grains to soybeans in the US to translate into lasting pressure on prices about normal weather conditions will certainly be required in the summer of 2017. Prior to that the market will have to deal with some major uncertainties in South America.
Parts of the central Argentine soybean belt received torrential rainfall in late December and early this year...

OIL WORLD WEEKLY of 6 January 2016...



Dec 23: 
Biodiesel: World Production Boosted by 3.3 Mn T in 2016...

The usage of palm oil and soya oil in biodiesel production is seen increasing steeply this year by 1.5 Mn T and 1.4 Mn T, respectively, thus accounting for the bulk of the additional feedstock demand. The application of used cooking oil is increasing further to an estimated 3.0 Mn T but supplies are limited...

OIL WORLD WEEKLY of 23 December 2016...



Dec 22: 
OIL WORLD Data Base DECEMBER 2016...

on CD-ROM

-- Date of Release: 22 December 2016 --

2016/17 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:

  • Oilseed area, yields and production until 2016/17

    World supply & demand for all oilseeds, oils & fats and oilmeals with breakdown by country until 2016/17.

  • Quarterly world production, trade, consumption and stocks estimates up to Jan/March 2017.
     

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 December 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 2017. 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 2016/17 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 2016/17 and the 3 calendar years ending 2016. 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

    Dec 09: 
    Recovery in World Production of Tallow in Oct/Sept 2016/17...

    Tallow production started to recover in Oct/Sept 2015/16 and a further recovery is likely to occur in 2016/17, pushing world production to 9.43 Mn T, approximately 250 Thd T above the low registered two years earlier.
    This will have an only very limited impact on world export supplies because tallow is largely absorbed domestically (primarily in the USA and Brazil)...

    OIL WORLD WEEKLY of 9 December 2016...



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