++++ 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
May 10:
Sharply Higher South American Soybean Exports in April & May
2013...
South American soybean exports are now
gaining momentum. Soybean supplies at the
ports have significantly improved. But in the first
week of May there were still long waiting times at
the ports of Paranagua and Santos, partly of as
much as 35-60 days...
In our current tentative estimate we expect total
soybean exports of the 4 major South American countries
to reach a record 10.8 Mn T in May compared with
the previous high of 10.0 Mn T a month earlier and 9.6
Mn T in May last year...
OIL WORLD WEEKLY of 10 May 2013.
May 03:
EU Supplies of Rapeseed Will be Tighter Than Previously
Expected in July/June 2013/14...
Supplies of rapeseed will be tighter than previously
expected in July/June 2013/14. The major reason
is to be seen in the severe crop deterioration in the UK
owing to detrimental weather conditions, resulting in the
abandonment of at least 200 Thd ha of winter rapeseed
area...
OIL WORLD WEEKLY of 3 May 2013.
Apr 19:
EU-27 Oilseed Crushings Set to Decline in Coming Months On
Reduced Supplies...
Crushings of the 3 major oilseeds are set to decline
in the European Union in the last 4-5 months of this
season. Crushings were frontloaded in the first half of
2012/13. This is true primarily for rapeseed and resulted
in a reduction of rapeseed stocks by 0.8 Mn T
from last year. Reduced stocks and insufficient imports
will also result in a year-on-year decline in sunflowerseed
crushings in the last 5 months of this season...
OIL WORLD WEEKLY of 19 April 2013.
Apr 12:
In China Soybean Stocks Are Still Declining Due to Insufficient
Arrivals of Soybeans...
China is in a big dilemma because actual arrivals
of soybeans will stay considerably below requirements
at least until the end of April and most likely also in
May. Although soybean crushings have recently slowed
down (due to weakening meal demand), monthly
soybean requirements (for crushing and domestic use)
are currently at least 6.0 Mn T...
In Febr/April 2013 Chinese soybean imports are
likely to plummet by 3.2 Mn T or 24% from last year to
just 10.3 Mn T. This will lead to a considerable decline
in stocks...
OIL WORLD WEEKLY of 12 April 2013.
Apr 05:
Oilseed Complex Pressured by Eroding Corn Prices...
Our markets are still digesting the USDA report on
stocks as of March 1. In particular US corn stocks were
a bearish shock to the market, exceeding the average
expectation by 7%...
Soybean prices gained relative to corn after the March
28 USDA report, raising the incentive for US farmers to
plant more soybeans than last year and above the
planting intentions report, which showed only a stagnation
of the soybean area. The latest price development has
thus established the preconditions for a further uptrend of
the soybean supply cycle given this year's record South
American crops. A bumper US soybean crop can be
expected in 2013 if the weather cooperates, bringing US
supplies back to a more adequate level next season...
OIL WORLD WEEKLY of 5 April 2013.
Mar 28:
World Market To Stay Highly Dependent on Palm & Palmkernel Oils
in Apr/Sept 2013...
the reduced availability of
competing oils & fats has already raised the dependence
on palm and palmkernel oils during Oct/Mar
2012/13, triggering a jump in cumulative usage of both
oils of 2.3 Mn T, according to our preliminary estimates...
OIL WORLD Weekly of 28 March 2013.
Mar 27:
2012/13 Statistics Released for Key Commodities...
We compiled up-to-date statistics with our forecasts for 2012/13, 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-27
India
China
The data are based on the MONTHLY of 22 March 2013 and the Data Base CD ROM released March 28.
More info under www.oilworld.de/statistics
Mar 22:
Global Oilseed Supplies and Disposals Not Coming Up
to Expectations in 2012/13...
Our new oilseed production estimate for this season is 22.8 Mn T above the reduced
level of a year earlier. However, with combined stocks at the start of the world crop season
unusually small, viz. approximately 23 Mn T below a year earlier, total supplies of 10
oilseeds will only stagnate at around 529 Mn T in Oct/Sept 2012/13...
Crushings of 10 oilseeds are set to decline by 4.1 Mn T from a year earlier to 193.7 Mn
T in Oct/March 2012/13...
OIL WORLD MONTHLY of 22 March 2013.
Mar 15:
Groundnuts: Record US Export Supplies Dominate the World Market...
The demand for groundnuts has been revived in
recent months as average prices in Oct/Feb 2012/13
were nearly 50% lower than a year ago. Last year’s
record prices had curbed demand primarily in the EU-
27, where imports declined by 5% to 640 Thd T in
2012. In Indonesia imports fell by even 21%...
U.S.A.: Exports of groundnuts were boosted by 58%
to a record 150 Thd T (shelled) in Aug/Jan 2012/13 with
shipments in January reaching a new monthly high of
39 Thd T...
OIL WORLD WEEKLY of 15 March 2013
|
