Oilseeds: Prices for Soybean Oil Are Growing, Sunflower Oil Is Falling

The main events in the markets of soybeans and rapeseed this week occur on the American continent. Late sowing of soybeans in Argentina creates risks of reducing its yield, which will have some support for the price of beans. Soybean oil residues are at their peak over the past 29 months due to declining demand. At the same time, in the United States, the increase in the need for soybean oil for biofuels causes a shortage of oil on the market, which will have some support for the prices of the oilseed complex.

• soybeans GMO DAP deep-sea ports of Ukraine December – 415$
• rapeseed NOT GMO DAP CX. Germany Dec-Jan – 595€

The purchase prices of processing enterprises in Ukraine were adjusted from 450$ to 350$ excluding VAT per ton of sunflower delivered to the plant. There is a saturation of demand in Ukraine against the background of a fall in the price of oil 200$ per ton. At stable prices of the foreign market, an increase in the supply of sunflowers for export is expected.

Recent customer indications:

• DAP Bulgaria (mon/center) 540-560$
• CIF Bulgaria (Mon) 540-550$
• DAP Romania (center) 500-530$
• DAP Hungary (center) 540-555$

The saturation of the European market with rapeseed from Ukraine and Eastern Europe does not give any chance to strengthen prices at the moment.

Recent customer indications:

• DAP Germany (east) 550-560€
• DAP Hungary (center)540-550€

The soybean market remains at last week’s levels. Producers are left with good residues of soybeans for sale.

Recent customer indications:

• DAP Ukraine (ports) 415-430$
• NE GMO DAP Italy (Mon-east) 545-555€
• GMO DAP Italy (Mon-East) 545-550€
• GMO CIF Turkey(Mon) 535-542€

Import/Export Statistics

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