ODA NEWSLETTER APRIL 2019: AGRICULTURAL MARKET INSIGHTS & TRENDS
April 24, 2019
Every two weeks, Euralis Seeds will publish a newsletter, in partnership with Offre et Demande Agricole, on trends and the agricultural market.
Lets’ see, how market situation has evolved since last two weeks.
In terms of fundamentals, large US supplies and the positive outlook for South American production do not suggest strong tensions on the soya market.
Despite the uptick in Malaysian palm exports, price growth is limited short term given high inventory levels in Malaysia. Soybean oil should follow the movement against a backdrop of increasing South American supply as the harvest arrives.
For rapeseed, gains will depend on the flow of European imports over the coming months.
In wheat, the strength of the European market’s 2018 harvest, made possible by very good exports, should soon begin to decline. The market is turning toward the 2019 harvest. For the moment, the weather market is not a source of major concern.
In maize, competition among the world’s four leading exporters, along with good South American harvests that will come to market over the next several months, is maintaining pressure on global prices. The risk for US planting still needs to be monitored, but it is a bit too early to worry. In contrast, planting is ahead of schedule in Europe and Ukraine.
For further information, please, find below the full issue. The next edition of the ODA newsletter will be on May, 3rd, 2019.
English version : ODA Newsletter 175_EN
French version : ODA-Newsletter-175_FR
Russian version : ODA-Newsletter-175_ RU
Ukrainian version : ODA-Newsletter-175_UA
Others versions (romanian, hungarian, spanish, ukrainian, german, polish, slovak, bulgarian) are available, if you want to subscribe to this newsletter each two weeks, please send a mail in a contact form.
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