Market updates on vegetable oils with up-to-date price trends
Oils
Sep 20, 2023

Olive oil: prices have doubled

IZMIR. Although Turkey's Ministry of Trade banned olive oil exports in the final quarter of 2022/2023, shipments range much higher than last year. Prices have, in addition, more than doubled.
Oils
Aug 7, 2023

Olive oil: shock for exporters in Turkey

IZMIR. Turkey's Ministry of Trade has issued a temporary export ban for olive oil to combat high prices in the domestic market. Although this has frequently happened in recent years, exporters have been taken by surprise this time round.
Oils
Jul 26, 2023

Olives: massive yield losses

ANKARA. Turkish olive growers expect their yields to be significantly lower this year than in 2022. At the same time, prices have already risen to a record high due to various factors.
Oils
Jun 5, 2023

Olives: time for payback

ANKARA. Turkey has invested a lot of time, effort and resources in cultivating olives in the past twenty years, which is now paying off. The country's olive and olive oil production is certainly generating high revenues.
Oils
Apr 19, 2023

Olives: Turkish oil exports up by more than 150%

ANKARA. Turkey has managed to work its way to the top of the world's producers of table olives. Experts are also pinning high hopes on the export of olive oil, which has already increased significantly in the first months of this year.
Oils
Nov 23, 2022

Olives: Turkey breaks all records

ANKARA. Turkey has succeeded in becoming the world's second largest olive oil producer after Spain and the leading produced for table olives. The country is on track to boost production and exports.
Company News
Sep 2, 2022

Oilseeds: food security issues

BRUSSELS. While lockdowns in China are slowing demand, some oilseed exports from Ukraine to the EU have picked up sharply since July. Much, however, remains to be done to improve exports from Ukraine, one idea that is being floated is a pipeline for vegetable oils.
Oils
May 18, 2021

Oilseeds daily: China's meat production is developing well

CHICAGO/HAMBURG. Market and price trends with trade assessments. China's meat supply is rising, but prices are declining. For rapeseed and canola, the market is doing a balancing act between the old and the new crop.
Oils
Apr 28, 2021

Oilseeds daily: soy complex declines significantly

CHICAGO/HAMBURG. Market and price trends with trade assessments. The oilseed market is very volatile, but with significant price corrections for the new crop. Sunflower oil decreases because it is too expensive.
Oils
Mar 31, 2021

Oilseeds daily: oil applies strong pressure

CHICAGO/HAMBURG. Market and price trends with trade assessments. The entire oilseed complex is coming under noticeable pressure, while Russia's export tax on sunflower seeds raises questions.
Oils
Mar 8, 2021

Oilseeds daily: crude oil pushes prices upwards

CHICAGO/HAMBURG. Market and price trends with trade assessments. The oilseed market is showing spectacular price increases.
Oils
Jan 19, 2021

Oilseeds daily: Brazil's logistics in focus

CHICAGO/HAMBURG. Market and price trends with trade assessments. The US soybean market starts with price losses. Brazil could provide some surprises before the end of January. Vegetable oils decline.
Oils
Oct 20, 2020

Oilseeds daily: rain to turn tables in Brazil

CHICAGO/HAMBURG. While much depends on exports for US soybeans, the rapeseed market is taking its cues from edible oils.
Oils
Sep 18, 2020

Oilseeds daily: export boom for US soybeans

CHICAGO/HAMBURG. Rumours over China have caused a stir in the soybean market. A turn in prices has been observed in Europe's rapeseed market.
Oils
Sep 10, 2020

Oilseeds daily: US soybeans drift high and delays in Canada

CHICAGO/HAMBURG. As the market is waiting for the new WASDE report to be issued on Friday soybean futures are trading higher in Chicago. Meanwhile. delays have been reported in Canada's canola harvest.
Oils
Aug 26, 2020

Oilseeds: Trump and Xi truce impacts soybean market

CHICAGO/HAMBURG. China and the US have agreed to push forward with the phase one deal amid soaring tensions. This has impacted US soybeans. Europe has, meanwhile, stepped up rapeseed imports.
Oils
Aug 24, 2020

Oilseeds daily: US soybean yields to range lower than expected

CHICAGO/HAMBURG. US soybean yields are to range lower than anticipated by the USDA and the Trump administration has refused to meet with China over the phase one deal. Oil mills in Europe will be confronted with a more limited supply of non-GMO rapeseed.
Oils
Jul 30, 2020

Oilseeds daily: Rabobank raises estimates for Brazil's soybean crop

CHICAGO/HAMBURG. Market and price trends with first estimates.
Oils
Jul 29, 2020

Oilseeds daily: new customs data from China

CHICAGO/HAMBURG. Market and price trends with first estimates.
Oils
Jul 17, 2020

Oilseeds daily: China steps up imports

CHICAGO/HAMBURG. While China is stepping up on soybean imports, concerns are being voiced in Europe over the quality of the rapeseed crop.
Oils
Jul 15, 2020

Oilseeds daily: surprising twist in prices

CHICAGO/HAMBURG. While political conflicts with China appear to be escalating, soybean shipments to the People's Republic have risen sharply in June. By contrast, rapeseed shipments to the EU are down and prices have taken a surprising turn in the physical market.
Oils
Jul 14, 2020

Oilseeds daily: prices for soymeal decline

CHICAGO/HAMBURG. Market and price trends with first estimates.
Oils
Jul 9, 2020

Oilseeds daily: Europe to import record rapeseed volumes

CHICAGO/HAMBURG. Uncertainty over China is growing in the US soybean market. Lithuania has notably stepped up rapeseed production and Europe is gearing up for record rapeseed imports.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Oils
Apr 22, 2020

Soybeans: slight upward price impulses

CHICAGO. The US soybean market surprised with higher quotations for beans, meal and oil. President Donald Trump wants to support the US oil industry with billions in government aid. China finally bought soybeans from the United States. First slaughterhouses reopen since closing two weeks ago. In Western Europe, softening pig prices could weigh on the soybean market.
Oils
Apr 14, 2020

Soybeans: US pork market under pressure

CHICAGO. The soybean markets went into reverse again. Pressure came from crude oil and a collapse in demand for pork in the USA. The 9.7 million barrel reduction in crude oil production decided by the OPEC Plus Group will not be sufficient to compensate for the collapse in demand caused by Covid-19. The introduction of quarantine, first in China and then in the USA, will reduce demand for pork in both countries, which will have a negative impact on soy demand.
Oils
Mar 31, 2020

Soybeans: South American municipalities tighten controls against the will of their governments

CHICAGO. Soybean markets were weaker in the USA and South America, but firm in Western Europe. Efforts are underway between the USA and Russia to jointly support the crashed crude oil market by cutting crude oil output by more than 20% in order to avert the threatened wave of US bankruptcies for shale oil producers. Argentina's and Brazil's municipalities have tightened border controls against the will of their governments because of the Covid-19 pandemic.
Oils
Mar 18, 2020

Soybeans: US government supports economy with USD 1 trillion

CHICAGO. The US soybean market took a breather after the Trump government plans to support the economy with USD 1 trillion. In the USA, fears that the covid-19 pandemic could paralyze the US healthcare system are boiling up because many US citizens do not have any health insurance. In both the US and Brazil, soybean exports plummeted in March due to the pandemic, which led to higher price demands from the local soybean meal trade.
Oils
Mar 9, 2020

Soybeans: Black Friday and Monday on world stock markets

CHICAGO. The US soybean market gave way to pressure from pandemic fears of the corona virus, heavy price losses on the stock and commodity exchanges, the failure of the OPEC Plus Conference in Vienna and a lack of soybean exports to China. The US leading index Dow Jones recorded the biggest price slide on the New York Stock Exchange in ten years.
Oils
Mar 6, 2020

Rapeseed: prices in France decline significantly

HAMBURG. The market for canola and rapeseed was burdened by price losses on soybeans and palm oil, which put pressure on prices in Winnipeg and Paris. The euro exchange rate, which rose to over 1.13 USD/EUR, led to a considerable downward price correction in France and Germany. With regard to the crude oil market, traders reckon that OPEC will decide on a cutback in crude oil production.
Oils
Mar 3, 2020

Rapeseed: more confidence in coping with Covid-19

HAMBURG. The share price development in Winnipeg and Paris showed a noticeable upward trend again. Tighter regulations from the USA and Malaysia as well as firmer crude oil prices led to rising prices. Politicians say that they want to support the economy in connection with the effects of the coronavirus.
Oils
Mar 2, 2020

Soybeans: Brazil beats USA on soybean exports

CHICAGO. The soybean market was again slightly firmer. High processing figures for US soybeans are expected in the NOPA report. Dockworkers' strikes and the suspension of export registrations in Argentina also supported the soy prices. Brazil caused a sensation in the market with record soybean exports in February.
Oils
Feb 28, 2020

Rapeseed: sharp crash on the physical market

HAMBURG. While Canola was still able to maintain its price in Canada, the rapeseed market in Western Europe continued its strong downward trend. In Canada, the trade feared that the outbreak of COVID-19 in China would develop into a pandemic with serious consequences for the whole world. In Germany, rapeseed fell sharply on the physical market. Strong pressure also came from palm oil.
Oils
Feb 26, 2020

Soybeans: China's import transactions are severely delayed

CHICAGO. The soybean market continues its weak price performance. Fears of a coronavirus pandemic are increasing and make further market assessments difficult. China can only process imports with a considerable delay. In Argentina, the export tax increases have caused strong criticism from farmers, who recently threatened the government with a sales stop.
Oils
Feb 21, 2020

Rapeseed: USDA damps export expectations

HAMBURG. The canola and rapeseed markets developed in slightly opposite directions, with price gains in Winnipeg and slight price losses in Paris. The US soy market remained weak, with palm oil showing a slight increase. Coceral estimates that the EU rapeseed crop will be 2.3% higher.
Oils
Feb 19, 2020

Rapeseed: low exchange rate causes prices to rise

HAMBURG. The Canadian canola market weakened after soybean oil prices in the USA fell and railway blockades put pressure on prices. Malaysia's palm oil exports declined slightly less than feared in the middle of the month. In Western Europe, a weaker euro exchange rate pushed up the price of rapeseed.
Oils
Feb 18, 2020

Soybeans: price expectations of USD 9 per bushel

CHICAGO. US soybeans rose slightly in the after the trade expected China to buy more soybeans this week after the Phase 1 deal came into effect. It remains to be seen whether this calculation works out. South America's soybean forecasts continue to rise.