Market News on Oilseeds

Oils

Jul 6, 2020

Oilseeds daily: low supplies in Brazil

CHICAGO/HAMBURG. Market and price trends with first estimates of the trade, including additional information on the market situation in Ukraine and Canada.

Oilseeds

Jul 2, 2020

Sesame seeds: black seeds trade lower

NEW DELHI. The uptick in demand from China and the tender have only given the sesame seed market in India a temporary boost.

Oilseeds

Jul 2, 2020

Sunflower seeds: prices take unusual turn

SOFIA/MOSCOW. Although the new sunflower seed crop is developing well in Bulgaria, some traders are exercising restraint in issuing offers.

Oilseeds

Jul 1, 2020

Blue poppy seeds: soil moisture is a risk

CHRUDIM. Poppy seed harvesting is set to start in a few weeks in the Czech Republic. The excessive rains in June may, however, cause nominal delays.

Oilseeds

Jun 30, 2020

Pumpkin seeds: prices remain high

BEIJING. Although prices have more or less crashed for Grade A pumpkin kernels over the last few weeks, they still range considerably higher than last year.

Oilseeds

Jun 29, 2020

Flaxseed: China steps up shipments from Kazakhstan

NUR-SULTAN/OTTAWA. China is increasingly turning to Kazakhstan for flaxseed. More than 50 companies have been approved to ship flaxseed to China.

Oils

Jun 29, 2020

Oilseeds daily: phase one deal dismissed as farce

CHICAGO/HAMBURG. John Bolton's scathing memoir on President Donald Trump vividly illustrates how egocentric Trump's approach to China is. Politcal experts uniformly agree that the phase one deal with China is a farce designed to boost voting for Trump in his electoral campaign. Market players are, meanwhile, puzzled by the persistently high prices for sunflower oil.

Oilseeds

Jun 26, 2020

Blue poppy seeds: concerns dissipate

CHRUDIM. Any concerns that the weather may adversely impact production in the Czech Republic have not been confirmed. Blue poppy seed traders have even issued the first prices for the new season.

Oils

Jun 25, 2020

Soybeans: traders deride China's request for virus-free cargoes

HAMBURG/CHICAGO. Following closer inspections on frozen meat and fruit imports, customs officials in China are now demanding soybean exporters in the US, Brazil and Canada to provide documents guaranteeing that cargoes are free of Covid-19 contamination. The move has mainly sparked confusion in the market.

Oilseeds

Jun 25, 2020

Flaxseed: drought in parts of Kazakhstan

OTTAWA/NUR-SULTAN. While Agriculture and Agri-Food Canada has recently issued the June report for 2020/2021, prices have taken a surprising turn in Kazakhstan and in Russia. The recently issued..

Oilseeds

Jun 24, 2020

Sunflower seeds: uncertainty governs market

SOFIA. Although daytime temperatures range as high as 30C and regular rains currently provide ideal conditions for the sunflowers in Bulgaria, market players are concerned that there is too much rain. Problem is that...

Oilseeds

Jun 23, 2020

Pumpkin seeds: exporters desperate to part with stocks

BEJING. The coronavirus crisis has changed consumer behaviour in many countries. This trend also has an impact on the pumpkin seed market.

Oilseeds

Jun 18, 2020

Sunflower seeds: EU imports more than double

SOFIA/MOSCOW. Russia's intention of raising the export tariffs for sunflower seeds is met with resistance in the Eurasian Economic Union. Higher tariffs will also have serious implications for the EU as Russia has supplied nearly 46% of all shipments to the EU this season so far.

Oilseeds

Jun 17, 2020

Oilseeds update: more attractive prices prevail

FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.

Oilseeds

Jun 17, 2020

Blue poppy seeds: speculative price indications for the new crop

CHRUDIM/ANKARA. Spot prices on the Czech blue poppy seed market are losing support and the first traders are venturing into speculative offers for the new crop.

Oils

Jun 17, 2020

Oilseeds daily: controversies in Russia

HAMBURG/CHICAGO. While soybean futures have recently lost ground in Chicago and rapeseed futures in Paris, leaked documents reveal that Russia intends to triple export tariffs on sunflower seeds. Meanwhile, Trump's USD 1 trillion infrastrutuce plan weighs on the euro.

Oilseeds

Jun 16, 2020

Flaxseed: harvest starts well ahead of schedule

NUR-SULTAN. Market players remain confident for the new flaxseed season. Reference prices for the new crop are now available in Kazakhstan and in Russia.

Oils

Jun 16, 2020

Rapeseed: rapeseed oil follows last year's traces

HAMBURG. The markets for canola and rapeseed developed slightly stronger. Support came from crude oil, as the Trump government plans to pump a massive infrastructure package of almost one billion US dollars into the US market by October, which also pulled crude oil up. It is interesting to compare rapeseed oil prices with last year.

Oilseeds

Jun 16, 2020

Sesame seeds: what is the extent of the damage?

NEW DELHI. Contradictory statements are circulating in the sesame seed market regarding the new crop. Among other things, it is reported that unexpectedly heavy rainfall has damaged some of the plants.

Oils

Jun 15, 2020

Soybeans: export euphoria subsides

CHICAGO. In the USA, the trade was able to achieve quite acceptable export results to China in the last two weeks. Beijing also added to its exports of US soy imports today. However, Brazil's real is already showing signs of weakness again, which could put a strain on the competitiveness of US soybeans. Brazil's economy is suffering from extremely high new Covid-19 infections. The resurgence of new coronavirus cases in China and a weaker recovery of Chinese industrial production in May have again worsened the export prospects for soybeans.

Oilseeds

Jun 15, 2020

Pumpkin seeds: low buying interest weighs heavy on the market

PEKING. The lack of buying interest is still noticeable in the Chinese pumpkin seed market, but for the time being the prices seem to have stabilized.

Oilseeds

Jun 10, 2020

Sunflower seeds: current crop forecasts deviate

SOFIA. Coceral has published new estimates for the cultivated areas. However, these do not correspond with the figures of the Bulgarian Ministry of Agriculture.

Oilseeds

Jun 10, 2020

Sesame seeds: India wins complete tender

NEW DELHI. The result of South Korea's current tender for 9,000 metric tonnes of sesame seeds was clear and not surprising.

Oilseeds

Jun 10, 2020

Flaxseed: encouraging prospects in Kazakhstan

NUR-SULTAN. Market players are encouraged by the outlook for the new flaxseed season. Nominal price corrections are being made in Kazakhstan.

Oilseeds

Jun 9, 2020

Mustard seeds: production estimates fall short of expectations

OTTAWA/NUR-SULTAN. Agriculture and Agri-Food Canada has recently revised the production estimates for mustard seeds downwards. Instead of the initially expected...

Oilseeds

Jun 9, 2020

Blue poppy seeds: start of harvest delayed

CHRUDIM. June has brought sufficient rainfall to Czech poppy seed farmers so far, but the rather cool temperatures are delaying the development of the plants.

Oils

Jun 4, 2020

Soybeans: US exports benefit from weak US dollar

CHICAGO. The US soybean market continued yesterday's price increase. US soybeans are cheaper than South American origins. China continued its shopping spree in the USA as well. Now it remains to be seen how the Hong Kong conflict between the US and China will affect Beijing's continued soybean demand in the US. Western European importers continue to benefit from the higher euro exchange rate.

Oilseeds

Jun 4, 2020

Flaxseed: first price estimates for the new crop

NUR-SUTLAN. The current conditions speak indiacte the flaxseed production may very well range above average in Kazakhstan. In addition, the first price estimates have been issued for September.

Oilseeds

Jun 4, 2020

Blue poppy seeds: limited market activities

CHRUDIM. Although large supplies of blue poppy seeds are available in the Czech Republic, producers are refusing to go down in price. The weather remains decisive for the new crop.

Oilseeds

Jun 3, 2020

Sunflower seeds: prices for new crop decline further

SOFIA. Attention has shifted towards the new crop, which is currently benefitting from rain. Although local hailstorms have been reported...

Oilseeds

Jun 3, 2020

Pumpkin seeds: exporters engage in price war

PEKING. Pumpkin seed exporters are currently engaging in a fierce price war in China. They are undercutting each other in a bid to attract potential buyers.

Oilseeds

Jun 2, 2020

Sesame seeds: prices slump to lowest in years

NEW DELHI. South Korea has issued a new sesame seed tender for next week. In view of the large supplies, the tender is a good opportunity for traders in India to reduce stocks.

Oilseeds

May 28, 2020

Oilseeds update: traders promote agressive sales

FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.

Oilseeds

May 28, 2020

Flaxseed: drastic correction of production estimates

NUR-SULTAN/OTTAWA. The prices for Eastern European flaxseed follow the trend of the last weeks. Meanwhile, Agriculture and Agri-Food Canada made significant adjustments to their forecasts for the coming season.

Oilseeds

May 28, 2020

Sunflower seeds: shift in demand prompts different perceptions on buying

SOFIA. Hailstorms have caused some concerns in Bulgaria. Demand has shifted as industrial bakeries are running shifts to keep up with demand.

Oilseeds

May 27, 2020

Blue poppy seeds: all eyes are on the weather

CHRUDIM. Czech poppy sowing continues to benefit from the favourable weather conditions. Farmers and traders are nevertheless cautious with speculative prices for the 2020 crop.

Oilseeds

May 26, 2020

Pumpkin seeds: sowing prompts price corrections

PEKING. Reports state that the sowing for Shine Skins has been completed in Xinjiang and in Inner Mongolia. Acreage has...

Oilseeds

May 26, 2020

Oilseeds update: rise in sowing promotes price collapse

FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.

Oils

May 25, 2020

Soybeans: Brazil expands Northern Arc

CHICAGO. The US soybean market was under the influence of political tensions between the USA and China, with the autonomy of Hong Kong at stake, which drove the dollar and crude oil exchange rate. In the US, stock exchanges will remain closed today due to the Memorial Day holiday. The Itaipu Dam was opened to raise the low water level of the Parana River. In Brazil, the expansion of the so-called Northern Arc is underway.

Oilseeds

May 25, 2020

Sesame seeds: traders disappointed by new crop

NEW DELHI. Market players report that some farmers started harvesting the summer crop too eartly. As much as one third of the sesame seed arrivals in Saurashtra are, for instance, claimed to not meet quality standards.

Import / Export Statistics

May 22, 2020

Flaxseed: buyers in China and in the EU engage in fierce competition

NUR-SULTAN/SEEHEIM. In an interview with the AUDITOR Eugeniy Karabanov, the founder of the Northern Grain group of companies and oilseed expert at the Kazakh Grain Union (www.grainunion.kz), provides a detailed analysis of the global flaxseed market with a focus on the trading activities between Kazakhstan and the EU.

Oilseeds

May 20, 2020

Sunflower seeds: long awaited rainfall

SOFIA. Good demand on the oil market supports commodity prices in Bulgaria, while interest in spot purchases of bakery kernels is rather low.

Oilseeds

May 20, 2020

Blue poppy seeds: new record crop in sight?

CHRUDIM. While spot prices on the Czech blue poppy market are easing, farmers and traders are still shying away from making offers for the new crop.

Oilseeds

May 20, 2020

Flaxseed: Russia has doubled exports to China

MOSCOW/OTTAWA. The expert estimates for the Russian sowing in 2020 do not correspond with previous expectations. Meanwhile, a rising price trend can be seen in the international flaxseed market.

Oilseeds

May 20, 2020

Pumpkin seeds: prices fall below last year's level

PEKING. The prices for Chinese pumpkin seeds in Grade A and Grade AA quality have rarely been as close to each other as they are this season. As a consequence, the price adjustments of the exporters have very different effects on the price level.

Oilseeds

May 19, 2020

Sesame seeds: exemptions for exports

NEW DELHI. The summer harvest is slowly picking up in India. Sesame seed production estimates remain optimistic.

Oils

May 18, 2020

Soybeans: COFKO dampens import expectations

CHICAGO. The US soybean market gained some ground again. Good results in the NOPA report and the US soybean export control system provided a boost to the market. The market was also supported by the renewed increase in demand for pork. China's soybean warehouses appear to be filling up more and more, so that imports there could collapse somewhat over the summer months. Argentina has massive logistical problems due to low water levels on the Parana River.

Oilseeds

May 14, 2020

Flaxseed: crop forecasts may be too optimistic

NUR-SULTAN/FRANKFURT. Regardless of the possible effects of the weather on the development of this year's crop, the experts at APK-Inform are reckoning that...

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