Market News on Oilseeds

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...

Oilseeds

May 14, 2020

Sunflower seeds: lack of demand causes pressure on prices

SOFIA. Unusually high temperatures and low rainfall cause poor preconditions for the development of the Bulgarian sunflower seed crop and therefore...

Oilseeds

May 13, 2020

Oilseeds update: price cuts to boost sales

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

Oilseeds

May 13, 2020

Pumpkin seeds: traders make drastic price adjustments

PEKING. The calm market situation caused some Chinese pumpkin seed traders to lower their prices significantly this week - with moderate success.

Oilseeds

May 13, 2020

Blue poppy seeds: no offers despite good crop forecasts

CHRUDIM. The evaluation of the blue poppy fields in the Czech Republic has put the market players in a positive mood. Nevertheless, farmers are very cautious with prices for the new crop.

Grains

May 13, 2020

WASDE report: wheat, corn, soy - all crops are increasing

WASHINGTON. The USDA announced the new forecasts for the old and upcoming world crops of wheat, corn and soybeans in the WASDE report.

Oils

May 12, 2020

Soybeans: growing concern over slaughterhouse closures

CHICAGO. The US soybean market continued to grow. China continues to buy US soybeans. The WASDE report is eagerly awaited as it provides initial estimates of the new crop. The area sown for the US soybean crop is likely to be expanded by up to 10%, according to retailers. In Germany, the price trend for pork also caused the animal feed sector to get a little out of control. Westfleisch in Coesfeld will remain closed for the time being due to Covid-19.

Oilseeds

May 12, 2020

Sesame seeds: prices collapse

NEW DELHI. Indian farmers have started summer harvesting and the first sesame seed deliveries are slowly coming into the market. Until the beginning of June, the work in the fields should be in full swing.

Oilseeds

May 7, 2020

Sunflower seeds: first offers for the 2020 crop

SOFIA. The predicted rainfall has occurred and brought some relief to the dried-out growing regions in Bulgaria. Meanwhile, ADM has released the latest EU crop forecasts for 2020.

Oilseeds

May 6, 2020

Pumpkin seeds: organic products exceed EU pesticide limits

PEKING. Market players report that a large quantity of Chinese organic pumpkin seeds exceeds the limits set by the EU and therefore may not be imported into EU countries. Buyers are also holding back with purchasing conventional goods.

Oilseeds

May 6, 2020

Blue poppy seeds: TMO might buy poppy seeds again in 2020

ANKARA/CHRUDIM. In Turkey, farmers have now completed their poppy seed sowing for the coming crop and market players see their expectations confirmed.

Oilseeds

May 6, 2020

Flaxseed: prices set to decline for new crop

NUR-SULTAN. As sowing has started unusually early in northern Kazakhstan this will certainly have an impact on flaxseed production.

Oils

May 5, 2020

Soybeans: Brazil sets new export record

CHICAGO. On the US soybean market there is still great uncertainty about how strongly the corona crisis will restrict demand for animal feed. The Trump government is apparently planning new punitive tariffs for China.

Oilseeds

May 4, 2020

Sesame seeds: port clearances are possible

NEW DELHI. India has extended the lockdown to prevent the coronavirus from spreading by two weeks. While the country is divided into three zones, depending on the risk of contracting Covid-19, exceptions have been issued to stimulate trade. Sesame seed exports are possible.

Oilseeds

Apr 30, 2020

Sesame seeds: supply glut in India

NEW DEHLI. A supply glut has been reported in India as 375 containers of sesame seeds were ordered in Africa before the lockdown was imposed. An additional 25,000 mt were shipped from Africa in February and March.

Oilseeds

Apr 29, 2020

Oilseeds update: exporters take drastic action in India

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

Oilseeds

Apr 29, 2020

Sunflower seeds: surge in demand is followed by a lull

SOFIA. Market players are watching the weather in the Bulgarian growing regions with concern. The coming days are expected to be largely free of rainfall and there might be temperatures above 30 °C over the weekend.

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