Oil World's analysts raised their forecast for rapeseed yield in the EU countries for 2017-2018 by 0.4 million tonnes up to 21.4 million tonnes - a second minimal result for the last four months.
According to estimates of large oil producers in Indonesia, at the end of May palm oils stocks in the country decrease to 1.09 million tonnes, given 1.31 million tonnes a month earlier.
During the period October - April 2017, 3.182 million tonnes of canola were exported from Australia, which is by 80% more than in the same period last year - 1.98 million tonnes. Major buyers were the EU - 2.89 million tonnes(+75% or 1.65), China - 119,000 tonnes (0 tonnes).
On Tuesday continues the divergent movement of prices from Monday when wheat prices went up and corn declined. Yesterday in Chicago the soybeans also went down. In Paris rapeseed prices collapsed. Wheat prices decreased and corn increased both at minimum.
According to Oil World, during the period September - May 2016 – 2017 global soybean export will reach 99.5 million tonnes, which is by 4.04 million tonnes more than the previous season and it represents a 100% growth for the last 10 years.
According to Oil World, in May 2017, soybean oil export from the four major exporters decreased to 0.81 million tonnes, given 0.82 million tonnes in May 2016 and 0.87 million tonnes in April.
