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Page 1: Sources - CIRCABC · DG AGRI DASHBOARD: OILSEEDS Sources : European Commission (DG ESTAT, DG JRC, DG AGRI), MSs notifications (Regulation (EC) 1342/2003), European Central Bank ...

DG AGRI DASHBOARD: OILSEEDS

Sources : European Commission (DG ESTAT, DG JRC, DG AGRI), MSs notifications (Regulation (EC) 1342/2003), European Central Bank, IGC, ICE, USDA, CME, MATIF

Last update: 05.07.2018P

rice

sP

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ion

&

Sto

cks

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e

Cro

p d

eve

lop

me

nt

stag

e

594

355

75 50

0.00

100.00

200.00

300.00

400.00

500.00

600.00

700.00

oilseeds soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

344

247

42 21

0.000

100.000

200.000

300.000

400.000

oilseeds soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

203

73 5830 19

0.000

50.000

100.000

150.000

200.000

250.000

oilseeds palm soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

60

day

s fu

ture

s p

rice

-so

ybe

ans

CM

E

305

315

325

335

345

355

365

375

385

395

405

0

100

200

300

400

500

600

700

800

900

1000

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

13

6 t

)

$/tAUG'18: 310

SEP'18: 312

JUL'19: 314

335

402

379

330

370

410

450

Jul-17 Oct-17 Jan-18 Apr-18 Jul-18

$/t Oilseeds export prices - monthly average

Soy (US) Rape (EU) Sun (EU)

€/t $/t €/t $/t €/t $/t Argentina - Up River 316 368 -9% -9% -3% 0%

Brazil - Paranagua 328 383 -5% -5% -1% 2%

US Gulf 286 334 -14% -15% -12% -10%

Ukraine 358 418 -2% -3% 16% 19%

Australia 364 424 0% -1% -9% -6%

Canada 363 423 -4% -5% -2% 1%

EU (Rouen) 346 403 -2% -2% -2% 0%

Ukraine 351 409 -1% -2% 1% 0%

EU (Bordeaux) 326 380 -1% -2% -7% -5%

Ukraine 323 376 0% 0% -1% 2%

Export prices FOB03 Jul 2018 m/m variation y/y variation

soybeans

sunflower

rapeseed

60

day

s fu

ture

s p

rice

-ra

pe

see

d M

ATI

F

340

345

350

355

360

365

370

375

380

385

390

0

4

8

12

16

20

24

28

€/t

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

of

50

t)

AUG'18: 360

MAY'19: 370

AUG'19: 358

372

260

207

100

200

300

400

500

Jul-17 Oct-17 Jan-18 Apr-18 Jul-18

$/t Meals export prices - monthly average

Soy (Arg) Soy (Bz) Soy (US)

Rape (EU) Sun (Arg)

€/t $/t €/t $/t €/t $/t

soyoil Argentina - Up River 576 672 -1% -2% -13% -11%

sunoil Ukraine 635 740 0% 0% -2% 0%

canola oil EU (Rotterdam) 744 868 3% 3% -9% -7%

palm oil Indonesia 499 582 -5% -5% -15% -12%

Export prices FOB03 Jul 2018 m/m variation y/y variation

585

866

550

650

750

850

950

Jul-17 Oct-17 Jan-18 Apr-18 Jul-18

$/t Vegetable oils - monthly average

Sun (Ukr) Palm (Indonesia)Soy (US) Rape (EU)

Oilseeds / Cereals futures price ratio

World oilseeds production

World oilseeds stocks

World vegetable meals production

World vegetable oils production

10187

6 3

0.00

20.00

40.00

60.00

80.00

100.00

120.00

oilseeds soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

33

21

2.8

9.7

0.0

10.0

20.0

30.0

40.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

EU oilseeds production EU vegetable meals production

30

13 12

5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

EU vegetable oils production

16

10

2.9 3.6

0.0

4.0

8.0

12.0

16.0

20.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

EU oilseeds stocks

3.0

1.1 1.3

0.6

0.0

1.0

2.0

3.0

4.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

€/t $/t €/t $/t €/t $/t

soymeal Argentina - Up River 317 370 -10% -10% 17% 21%

sunmeal Argentina - Up River 177 207 1% 0% 49% 53%

rapemeal EU (Hambourg) 224 261 -2% -3% 11% 14%

Export prices FOB03 Jul 2018 m/m variation y/y variation

1

1.5

2

2.5

3

3.5

4US soybean - maize price ratio (CBOT) 03/07/2018: 2.46

EU rapeseed - wheat price ratio (MATIF) 03/07/2018: 1.97

2016/17 2015/16

soybeans 13 383.1 -5% -7% Brazil 40.4%

rapeseed 4 144.9 -13% 21% Australia 43.9%

sunflowerseed 532.6 -34% 20% Moldova, Republic of 73.4%

soymeal 18 677.7 3% -8% Argentina 44.6%

rapemeal 181.7 3% -54% Russian Federation 47.1%

sunmeal 3 657.2 1% 13% Ukraine 67.6%

soyoil 252.9 -12% -21% Ukraine 30.8%

rapeoil 158.5 5% -21% Russian Federation 37.0%

sunoil 1 651.4 -1% 19% Ukraine 90.0%

palm oil 6 060.0 -1% -9% Indonesia 46.9%

Cumulated Imports up

to week 53 (1/7/17 -

30/06/18)

2017/18

(thousand

tonnes)

Difference (%) withMain origin of imports

share (%) in

total import

0

2000

4000

6000

8000

10000

12000

14000

16000

1 9 17 25 33 41 49Weeks

2015/16 2016/17 2017/18

Soybeans Imports (thousand tonnes)

0

5000

10000

15000

20000

25000

1 9 17 25 33 41 49

Weeks

2015/16 2016/17 2017/18

Soymeal Imports (thousand tonnes)

0

1000

2000

3000

4000

5000

6000

1 9 17 25 33 41 49

Weeks

2015/16 2016/17 2017/18

Rapeseed Imports (thousand tonnes)

0

100

200

300

400

500

600

700

800

900

1 9 17 25 33 41 49

Weeks

2015/16 2016/17 2017/18

Sunflower Imports (thousand tonnes)

Page 2: Sources - CIRCABC · DG AGRI DASHBOARD: OILSEEDS Sources : European Commission (DG ESTAT, DG JRC, DG AGRI), MSs notifications (Regulation (EC) 1342/2003), European Central Bank ...

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Source: IGC

€/t $/t €/t $/t €/t $/t Argentina - Up River 316 368 -9% -9% -3% 0%

Brazil - Paranagua 328 383 -5% -5% -1% 2%

US Gulf 286 334 -14% -15% -12% -10%

Ukraine 358 418 -2% -3% 16% 19%

Australia 364 424 0% -1% -9% -6%

Canada 363 423 -4% -5% -2% 1%

EU (Rouen) 346 403 -2% -2% -2% 0%

Ukraine 351 409 -1% -2% 1% 0%

EU (Bordeaux) 326 380 -1% -2% -7% -5%

Ukraine 323 376 0% 0% -1% 2%

Export prices FOB03 Jul 2018 m/m variation y/y variation

soybeans

sunflower

rapeseed

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€/t $/t €/t $/t €/t $/t

soyoil Argentina - Up River 576 672 -1% -2% -13% -11%

sunoil Ukraine 635 740 0% 0% -2% 0%

canola oil EU (Rotterdam) 744 868 3% 3% -9% -7%

palm oil Indonesia 499 582 -5% -5% -15% -12%

Export prices FOB03 Jul 2018 m/m variation y/y variation

€/t $/t €/t $/t €/t $/t

soymeal Argentina - Up River 317 370 -10% -10% 17% 21%

sunmeal Argentina - Up River 177 207 1% 0% 49% 53%

rapemeal EU (Hambourg) 224 261 -2% -3% 11% 14%

Export prices FOB03 Jul 2018 m/m variation y/y variation

Source: IGC

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335

402

379

330

370

410

450

Jul-17 Oct-17 Jan-18 Apr-18 Jul-18

$/t Oilseeds export prices - monthly average

Soy (US) Rape (EU) Sun (EU)

Source: IGC

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Source: IGC

585

866

550

650

750

850

950

Jul-17 Oct-17 Jan-18 Apr-18 Jul-18

$/t Vegetable oils - monthly average

Sun (Ukr) Palm (Indonesia)Soy (US) Rape (EU)

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Source: IGC

372

260

207

100

200

300

400

500

Jul-17 Oct-17 Jan-18 Apr-18 Jul-18

$/t Meals export prices - monthly average

Soy (Arg) Soy (Bz) Soy (US)

Rape (EU) Sun (Arg)

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Source: CBOT, MATIF

Oilseeds / Cereals futures price ratio

1

1.5

2

2.5

3

3.5

4US soybean - maize price ratio (CBOT) 03/07/2018: 2.46

EU rapeseed - wheat price ratio (MATIF) 03/07/2018: 1.97

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Source: CME, MATIF

60 days futures price - soybeans CME

305

315

325

335

345

355

365

375

385

395

405

0

100

200

300

400

500

600

700

800

900

1000

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

13

6 t

)

$/tAUG'18: 310

SEP'18: 312

JUL'19: 314

340

345

350

355

360

365

370

375

380

385

390

0

4

8

12

16

20

24

28

€/t

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

of

50

t)

AUG'18: 360

MAY'19: 370

AUG'19: 358

60 days futures price - rapeseed MATIF

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Source: USDA

World oilseeds production

594

355

75 50

0.00

100.00

200.00

300.00

400.00

500.00

600.00

700.00

oilseeds soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

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Source: USDA

World oilseeds stocks

10187

6 3

0.00

20.00

40.00

60.00

80.00

100.00

120.00

oilseeds soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

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Source: USDA

World vegetable meals production

344

247

42 21

0.000

100.000

200.000

300.000

400.000

oilseeds soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

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Source: USDA

World vegetable oils production

203

73 5830 19

0.000

50.000

100.000

150.000

200.000

250.000

oilseeds palm soybeans rapeseed sunflower

(million tonnes)

2015/16 2016/17 2017/18 2018/19 (proj.)

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Source: European Commission

EU oilseeds production

33

21

2.8

9.7

0.0

10.0

20.0

30.0

40.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

Page 14: Sources - CIRCABC · DG AGRI DASHBOARD: OILSEEDS Sources : European Commission (DG ESTAT, DG JRC, DG AGRI), MSs notifications (Regulation (EC) 1342/2003), European Central Bank ...

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Source: European Commission

EU oilseeds stocks

3.0

1.1 1.3

0.6

0.0

1.0

2.0

3.0

4.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

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Source: European Commission

EU vegetable meals production

30

13 12

5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

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Source: European Commission

EU vegetable oils production

16

10

2.9 3.6

0.0

4.0

8.0

12.0

16.0

20.0

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2017/18(e) 2018/19(f)

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Source: European Commission

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Source: European Commission

2016/17 2015/16

soybeans 13 383.1 -5% -7% Brazil 40.4%

rapeseed 4 144.9 -13% 21% Australia 43.9%

sunflowerseed 532.6 -34% 20% Moldova, Republic of 73.4%

soymeal 18 677.7 3% -8% Argentina 44.6%

rapemeal 181.7 3% -54% Russian Federation 47.1%

sunmeal 3 657.2 1% 13% Ukraine 67.6%

soyoil 252.9 -12% -21% Ukraine 30.8%

rapeoil 158.5 5% -21% Russian Federation 37.0%

sunoil 1 651.4 -1% 19% Ukraine 90.0%

palm oil 6 060.0 -1% -9% Indonesia 46.9%

Cumulated Imports up

to week 53 (1/7/17 -

30/06/18)

2017/18

(thousand

tonnes)

Difference (%) withMain origin of imports

share (%) in

total import

Page 19: Sources - CIRCABC · DG AGRI DASHBOARD: OILSEEDS Sources : European Commission (DG ESTAT, DG JRC, DG AGRI), MSs notifications (Regulation (EC) 1342/2003), European Central Bank ...

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Source: European Commission

0

2000

4000

6000

8000

10000

12000

14000

16000

1 9 17 25 33 41 49Weeks

2015/16 2016/17 2017/18

Soybeans Imports (thousand tonnes)

0

5000

10000

15000

20000

25000

1 9 17 25 33 41 49

Weeks

2015/16 2016/17 2017/18

Soymeal Imports (thousand tonnes)

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Source: European Commission

0

1000

2000

3000

4000

5000

6000

1 9 17 25 33 41 49

Weeks

2015/16 2016/17 2017/18

Rapeseed Imports (thousand tonnes)

0

100

200

300

400

500

600

700

800

900

1 9 17 25 33 41 49

Weeks

2015/16 2016/17 2017/18

Sunflower Imports (thousand tonnes)