A sharp rise in the price of soybeans and soybean oil supported prices for other vegetable oils

< span style="font-size:14px;" > after a slight decline in soybean and soybean oil prices on Monday, they resumed growth from Tuesday in anticipation of the May reports of the USDA and forecasts of a reduction in Final stocks in the current and next season.

< span style = "font-size:14px;" >according to analytical companies, despite the increase in soybean production in Brazil to 136 million tons and Argentina to 46.9 million tons, the final soybean reserves in the current season will decrease by 200 thousand tons to 86.7 million tons compared to April forecasts.< / span> < / p>

< span style="font-size:14px;">today's USDA report with the first forecasts of soybean production in the United States in 2021 will be a powerful factor influencing prices.

< span style= " font-size: 14px;">since Monday, Chicago SWOT futures have risen in price:< / span> < / p>

• < span style="font-size:14px;">July soybean futures – up 3.3% to 6 602 / ton,< / span>< / li>
• < span style="font-size:14px;">December soybean futures-up 2% to 5 529 / ton,< / span> < / li>
• < span style="font-size:14px;">July soybean oil futures-up 2.8% to 1 1,443/ton,< / span> < / li>
• < span style="font-size:14px;">December soybean oil futures – up 1.8% to 1 1,280 / ton< / span> < / li>

< p> < span style="font-size:14px;" > July palm oil futures on the Malaysian stock exchange rose 14.5% to 4,427 ringgit/t in the first 9 days of May, but fell 1.8% to 4,347 ringgit/t or запасів 1,056/t on forecasts for increased stocks from Monday.

< span style = "font-size:14px;" >on the Dalian exchange, palm oil futures rose 0.6% to вчора 1,244/ton yesterday, while soybean futures remained unchanged at 1 1,380/ton.< / span> < / p>

< span style="font-size:14px;" > following the neighboring vegetable oil markets, prices for the supply of Ukrainian sunflower oil in June – August after a long weekend increased to F 1530-1580/ton FOB against the background of increased competitiveness due to a sharp rise in the price of soybean oil, which confirmed the results of the tender in Egypt.

< span style="font-size:14px;">yesterday, Egyptian GASC purchased 29 thousand tons of locally produced soybean oil at a price of місцевого 1349/t CFR, which is 9 94/t higher than the purchase price at the previous tender, as well as 10 thousand tons of imported sunflower oil with delivery in July at a price of C 1590/t CFR, while the last time it was bought in October at 9 953/t CFR.