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Oils & Oilseeds

Set Alert for Oils and Oilseeds

Weekly Review: Soy awaits WASDE crop estimate

CBOT soy futures traded firmest levels since mid-2018 as 2019 drew to a close but have since met some upside resistance, despite ideas the US crop estimate would be further trimmed by the USDA later in the week.

Soy Demand Exports

Weekly Review: Malaysia ponders Indian palm import curb

The meteoric price recovery achieved by palm oil in 2019 met headwinds earlier this week after top importer India was reported to be curbing imports from Malaysia in response to the latter’s stance over the disputed region of Kashmir.

Palm Oil Demand Exports

Palm

Set Alert for IEG Vu Oils and Oilseeds :: Palm Oil

Weekly Review: Swift reversal for palm as Indian curbs bite

News that the Indian government had unofficially told importers to avoid Malaysian palm oil sent prices scurrying lower this week on the latter’s Bursa futures market.

Palm Oil Futures

FGV to appeal RSPO suspensions

Malaysian palm giant FGV intends to appeal the sanctions imposed on it by the Roundtable on Sustainable Palm Oil (RSPO) this month, claiming it has made progress on the labour issues identified by the watchdog.

Felda India

Five years on, FGV still falls short on labour practices

Malaysian palm oil giant FGV has again been sanctioned by the Roundtable on Sustainable Palm Oil (RSPO) for failing to meet the watchdog’s standards on labour practices in an ongoing investigation triggered by a WSJ article in 2015.

Malaysia Felda

Desiccated coconut market beset with supply problems again

The main coconut growing origins had to cope with extreme drought conditions in 2017 and 18 due to El Niño. Coconut crops were badly hit and production declined considerably, Rotterdam trader Catz International recalled in its annual market report on the sector. 

Desiccated Coconut China

Indonesia says WTO process against EU palm oil curb to start soon

Indonesia’s government said that it expects to begin a World Trade Organization (WTO) process to resolve a dispute with the European Union over palm oil by the end of January 2020.

EU Indonesia

Russian cabinet approves list of preferential fruit and berries tariffs

The Russian government has made changes to the list of goods to which the preferential VAT rate of 10% will be applied - more than six months after passing the bill.

Russian Federation Fresh Fruit & Vegetables
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Soy

Set Alert for IEG Vu Oils and Oilseeds :: Soy

US Futures Review: Soy oil leads soybeans higher

Soybean futures ended higher Friday with spillover support from grains. Soybean meal futures ended unchanged to fractionally lower. Soybean oil futures ended higher. March soybean futures gained 5 3/4 cents at USD9.29 3/4.

Soy Futures

Weekly Review: US soy trade trimming hopes of China bonus?

US soy traders initially expressed similar doubts to those heard in the corn market about how China’s pledges to buy more will translate into actual tonnages. 

Soy Futures

US Futures Review: Soy oil weakness weighs on soybeans

Soybean futures ended lower Thursday, pressured by weakness in soybean oil futures. Soybean meal futures ended fractionally higher. March soybean futures lost 4 3/4 cents at USD9.24.

Soy Futures

US, China sign enforceable Phase One deal including ag, other purchase commitments by China

The US and China signed the Phase One trade agreement between the two countries, including protections for US intellectual property, addressing forced technology transfers and commitments on purchases US agricultural products and other goods. The agreement enters into force within 30 days of being signed.

Trade Agreements China

USDA Export Sales: Calm before the storm for soy sales?

Soybean sales for the week to January 9 were as expected by the trade, with China topping the list of sales and export destinations.

United States Soy

USDA Export Sales: Market underestimates corn sales

Corn sales for both the current and approaching marketing years were just above traders' estimates for the week to January 9.

United States Corn
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Rapeseed

Set Alert for IEG Vu Oils and Oilseeds :: Rapeseed

Weekly Review: Faltering soy curbs canola bulls’ crush euphoria

Winnipeg canola futures retreated from recent 11-month highs despite reports of strong domestic crush making up for lost export trade.

Rapeseed Futures

UK could lose crop farming if Atlantic currents collapse

A new study examined what would happen to British agriculture if the globe surpasses a specific climate tipping point related to ocean currents.

EU United Kingdom

Weekly Review: Crop concerns and firm soy boosting rapeseed prices

Canola futures edged up to new multi-month highs this week as tighter supplies and support from the soy complex led fundamentals.

Rapeseed Demand

Weekly Review: Flat year draws to a close for canola

Canola has been one of the few major commodities to show a modest loss in 2019 – Canada’s benchmark futures market down by around 3.7% at the time of writing.

Futures Rapeseed

Weekly Review: Rapeseed shrugs off lower Canadian crop

Winnipeg rapeseed traders seemed unfazed by their government coming out with a lower than expected national crop number of 18.65 million tonnes compared with trade guesses reportedly averaging over 21 mln.

Rapeseed Futures

EU wheat and barley production outlook raised

Coceral released its fourth estimate of the 2019 EU grain crop, revising the total up to 307.8 million tonnes from 304.9 mln in its last estimate.

EU Germany
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Sunflower

Set Alert for IEG Vu Oils and Oilseeds :: Sunflower

UK could lose crop farming if Atlantic currents collapse

A new study examined what would happen to British agriculture if the globe surpasses a specific climate tipping point related to ocean currents.

EU United Kingdom

USDA Crop Progress: Corn harvest 92 percent in final update of season

US corn harvest still has a little ways to go, but USDA has provided its final update of the 2019 growing season, capping off a difficult year for US crop farmers in the Midwest in particular.

Corn Wheat

USDA Crop Progress: Corn harvest gains, but some states still well behind

US corn harvest is closing in on 90 percent complete while three states remain well behind the average pace as we move into the December.

Corn Soy

German farmers stage new protest over agriculture policy plans

Thousands of German farmers have descended upon Berlin in another protest over the government’s planned policy measures, which include a ban on glyphosate by the end of 2023.

EU Germany

Planting intentions show larger 2020 South Africa summer grains area

South African farmers plan to plant a 9.5% larger area to corn in 2020, according to the first estimate from the Department of Agriculture, Forestry and Fisheries’ (DAFF) Crop Estimates Committee (CEC).

South Africa Corn

Ukraine grain exports up almost 50% on-year

Ukraine had exported 15.1 mln tonnes of grain in 2019/20 as of October 11, up 4.6 mln tonnes from the same point last season.

Ukraine Barley
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Coconut

Set Alert for IEG Vu Oils and Oilseeds :: Coconut Oil

Desiccated coconut market beset with supply problems again

The main coconut growing origins had to cope with extreme drought conditions in 2017 and 18 due to El Niño. Coconut crops were badly hit and production declined considerably, Rotterdam trader Catz International recalled in its annual market report on the sector. 

Desiccated Coconut China

Wines, cheeses and olive oil among EU products to be protected in Mercosur

The full list of agri-food products to be protected under the trade agreement between the European Union and Mercosur blocs have been unveiled, as well as further details on the continued use of ‘grandfathered’ product names in the Latin American nations.

Wines Cheese

Olam closed H1 with lower profit despite strong revenues and volumes

Olam International has suffered a profit fall despite growth in revenues, volumes and earnings before interest, taxes and amortisation (EBITDA) for the first half of 2019.

Olam Financial Results

Philippine coconut processor to be listed on Philippine stock exchange

The Philippine desiccated coconut maker Axelum Resources has applied to the national Securities and Exchange Commission (SEC) for a PHP7.7 billion (USD149.8 million)  initial public offering (IPO) on the Philippine stock exchange to finance its long-term expansion.

Desiccated Coconut Philippines

Theresa May quits as prime minister – but UK’s Brexit woes continue

The trajectory and timing of the UK’s departure from the EU has been thrown into fresh confusion with the resignation today of UK prime minister Theresa May.

Cocoa Sheep & Goats

Russia considers increasing import duties on food raw materials

The Federal Customs Service of Russia (FTS) has proposed to increase import duties on a range of food raw materials under the guise of customs codes with similar characteristics to avoid additional duties.

Orange Juice Whey Powder
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Olive

Set Alert for IEG Vu Oils and Oilseeds :: Olive Oil

US tariffs could halt rise in EU olive oil exports

The EU has increased its exports of olive oil in recent years, but new US trade sanctions could stop this positive trend.

Olive Oil EU

EU moves to address market imbalance in olive oil sector

The European Commission is offering aid to the private sector to pay for the cost of storing virgin olive oil to address a current imbalance between supply and demand.

EU Olive Oil

Olive oil industry presses FDA for formal product definition

After pushing FDA for years to establish a standard of identity for olive oil, the olive oil industry has put in yet another formal request to the agency to formally define the product.

United States Olive Oil

Spanish olive sector asks EU to investigate US farming subsidies

Spanish olive producers have demanded EU counter-measures against the new US tariffs of 25% on their green olive exports, which came on top of earlier 27% duties on their black olive exports.

Olive Oil Spain

Commission plans to compensate farming sector for US tariffs

The European Commission will counter the recent US Airbus tariffs with its own duties and support the sectors most affected by the measure, EU leaders have announced.

Tariffs Trade Disputes

Spanish olive farmers protest low prices and US tariffs

Thousands of Spanish olive and olive oil producers have protested the low sale prices for their products in Madrid, amid fears that new US duties will exacerbate the sector’s problems.

Tariffs Trade Disputes
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