The latest world market prices for oil crops have arrived

Sunflower Seed

Canola Seed & Rapeseed

Soybean

Published Nov 17, 2022

Tridge summary

According to Tallage, world soybean prices fell between Sept. 16 and Oct. 24 due to a good U.S. crop and sluggish exports. Spot soybean export from the USA (FOB Gulf) fell by $55 to $510, December $48 to $509, January 2023 $50 to $501, March 2023 $61 to $491/ton. In Brazil, the immediate export price of the crop (FOB Paranagua) decreased to 589 (-$39), from 581 (-$19) in December, to 559 (-$45) in January 2023.

Original content

In Argentina, the spot export price of soybeans (FOB Up River) decreased by $12 ($575/ton), from $1 ($582/ton) in December, and $16 ($554/ton) in January 2023 by October 24. In Ukraine, the price of the immediate crop (DAP) delivered to the western border was 485 dollars/ton (-18 dollars) at the same time. November soybeans on the Chicago Mercantile Exchange (CME/CBOT) ranged from 517 to 536 dollars/ton between October 31 and November 11. According to Tallage, between September 16 and October 24, the November export price of rapeseed in Germany (C&F Hamburg) increased by $8 to $626 and by $2 to $631 in February 2023. In Ukraine, on the western border, the immediate export (FOB) of rapeseed fell by $13 to $553/ton due to a slight slowdown in demand. Due to the record crop in Russia and restrictions on rape seed exports – which are in effect until February 2023 – the spot market price of the crop fell by $34 to $417/ton. In Australia, flooding could adversely affect the pre-harvest ...

Source: Magro