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: 26.06.2019P

rice

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ion

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Sto

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e

Cro

p d

eve

lop

me

nt

stag

e

598

355

75 51

0

100

200

300

400

500

600

700

oilseeds soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

338

242

40 21

0

100

200

300

400

oilseeds soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

205

7658

28 20

0

50

100

150

200

250

oilseeds palm soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

60

day

s fu

ture

s p

rice

-so

ybe

ans

CM

E

290

300

310

320

330

340

350

360

0

100

200

300

400

500

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

13

6 t

)

$/t

AUG'19: 332

SEP'19: 334

JUL'20: 336

350

415

388

300

340

380

420

460

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

$/t Oilseeds export prices - monthly average

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

€/t $/t €/t $/t €/t $/t Argentina - Up River 307 349 3% 5% -3% -6%

Brazil - Paranagua 325 370 3% 5% 1% -2%

US Gulf 314 358 7% 9% 6% 4%

Ukraine 294 335 -4% -2% -18% -20%

Australia 360 410 -2% 0% -1% -4%

Canada 314 358 0% 2% -14% -17%

EU (Rouen) 360 410 -2% -1% 7% 5%

Ukraine 360 410 -1% 1% 0% 2%

EU (Bordeaux) 337 384 -2% 0% 2% -1%

Ukraine 321 365 1% 3% 0% -3%

soya beans

sunflower

rapeseed

Export prices FOB25 Jun 2019 m/m variation y/y variation

60

day

s fu

ture

s p

rice

-ra

pe

see

d M

ATI

F

345

350

355

360

365

370

375

380

385

390

395

0

2

4

6

8

10

12

14

16

18

20

€/t

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

of

50

t)

AUG'19: 366

MAY'20: 372

AUG'20: 360

332

233

188

100

200

300

400

500

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

$/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 551 627 -5% -3% -5% -7%

sunoil Ukraine 630 718 2% 4% 0% -2%

canola oil EU (Rotterdam) 737 839 1% 2% 4% 1%

palm oil Indonesia 408 465 -2% 0% -17% -19%

Export prices FOB25 Jun 2019 m/m variation y/y variation

700

470

659

829

400

500

600

700

800

900

1000

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

$/tVegetable 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

130113

9 30

20

40

60

80

100

120

140

oilseeds soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

32.3

18.7

2.9

10.6

0

10

20

30

40

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

EU oilseeds production EU vegetable meals production

31.2

12.9 13.0

5.3

0

5

10

15

20

25

30

35

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

EU vegetable oils production

16.6

9.3

3.3 4.0

0

4

8

12

16

20

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

EU oilseeds stocks

2.9

1.0 1.1 0.8

0

1

2

3

4

5

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

€/t $/t €/t $/t €/t $/t

soymeal Argentina - Up River 286 326 1% 3% -11% -13%

sunmeal Argentina - Up River 165 188 3% 5% -7% -9%

rapemeal EU (Hambourg) 203 232 1% 3% -9% -12%

Export prices FOB25 Jun 2019 m/m variation y/y variation

1

1.5

2

2.5

3

3.5

4US soybean - maize price ratio (CBOT) 25/06/2019: 2.02

EU rapeseed - wheat price ratio (MATIF) 25/06/2019: 2

2017/18 2016/17

soybeans 14 721.5 9% 6% United States of America 60.9%

rapeseed 4 143.7 -2% -12% Ukraine 52.5%

sunflowerseed 503.3 -6% -37% Moldova 51.5%

soymeal 17 369.1 -7% -3% Brazil 42.0%

rapemeal 445.0 141% 135% Russia 36.7%

sunmeal 3 376.6 -8% -6% Ukraine 57.3%

soyoil 391.8 56% 37% Ukraine 30.0%

rapeoil 261.9 64% 74% Russia 46.1%

sunoil 1 708.0 -4% 9% Ukraine 88.1%

palm oil 6 226.4 0% 4% Indonesia 40.5%

Cumulated Imports up

to week 52 (1/7/18 -

23/6/19)

2018/19

(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

2016/17 2017/18 2018/19

Soybeans Imports (thousand tonnes)

0

5000

10000

15000

20000

25000

1 9 17 25 33 41 49

Weeks

2016/17 2017/18 2018/19

Soymeal Imports (thousand tonnes)

0

1000

2000

3000

4000

5000

6000

1 9 17 25 33 41 49

Weeks

2016/17 2017/18 2018/19

Rapeseed Imports (thousand tonnes)

0

100

200

300

400

500

600

700

800

900

1 9 17 25 33 41 49

Weeks

2016/17 2017/18 2018/19

Sunflower Imports (thousand tonnes)

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Source: IGC

€/t $/t €/t $/t €/t $/t Argentina - Up River 307 349 3% 5% -3% -6%

Brazil - Paranagua 325 370 3% 5% 1% -2%

US Gulf 314 358 7% 9% 6% 4%

Ukraine 294 335 -4% -2% -18% -20%

Australia 360 410 -2% 0% -1% -4%

Canada 314 358 0% 2% -14% -17%

EU (Rouen) 360 410 -2% -1% 7% 5%

Ukraine 360 410 -1% 1% 0% 2%

EU (Bordeaux) 337 384 -2% 0% 2% -1%

Ukraine 321 365 1% 3% 0% -3%

soya beans

sunflower

rapeseed

Export prices FOB25 Jun 2019 m/m variation y/y variation

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€/t $/t €/t $/t €/t $/t

soyoil Argentina - Up River 551 627 -5% -3% -5% -7%

sunoil Ukraine 630 718 2% 4% 0% -2%

canola oil EU (Rotterdam) 737 839 1% 2% 4% 1%

palm oil Indonesia 408 465 -2% 0% -17% -19%

Export prices FOB25 Jun 2019 m/m variation y/y variation

€/t $/t €/t $/t €/t $/t

soymeal Argentina - Up River 286 326 1% 3% -11% -13%

sunmeal Argentina - Up River 165 188 3% 5% -7% -9%

rapemeal EU (Hambourg) 203 232 1% 3% -9% -12%

Export prices FOB25 Jun 2019 m/m variation y/y variation

Source: IGC

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350

415

388

300

340

380

420

460

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

$/t Oilseeds export prices - monthly average

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

Source: IGC

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Source: IGC

700

470

659

829

400

500

600

700

800

900

1000

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

$/tVegetable oils - monthly average

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

back to DashboardPrevious

PageNext

Source: IGC

332

233

188

100

200

300

400

500

Jun-18 Sep-18 Dec-18 Mar-19 Jun-19

$/t Meals export prices - monthly average

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

Rape (EU) Sun (Arg)

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PageNext

Source: CBOT, MATIF

Oilseeds / Cereals futures price ratio

1

1.5

2

2.5

3

3.5

4US soybean - maize price ratio (CBOT) 25/06/2019: 2.02

EU rapeseed - wheat price ratio (MATIF) 25/06/2019: 2

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Source: CME, MATIF

60 days futures price - soybeans CME

290

300

310

320

330

340

350

360

0

100

200

300

400

500

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

13

6 t

)

$/t

AUG'19: 332

SEP'19: 334

JUL'20: 336

345

350

355

360

365

370

375

380

385

390

395

0

2

4

6

8

10

12

14

16

18

20

€/t

Dai

ly t

rad

ed v

olu

me

(10

00

co

ntr

acts

of

50

t)

AUG'19: 366

MAY'20: 372

AUG'20: 360

60 days futures price - rapeseed MATIF

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Source: USDA

World oilseeds production

598

355

75 51

0

100

200

300

400

500

600

700

oilseeds soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

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Source: USDA

World oilseeds stocks

130113

9 30

20

40

60

80

100

120

140

oilseeds soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

back to DashboardPrevious

PageNext

Source: USDA

World vegetable meals production

338

242

40 21

0

100

200

300

400

oilseeds soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

back to DashboardPrevious

PageNext

Source: USDA

World vegetable oils production

205

7658

28 20

0

50

100

150

200

250

oilseeds palm soybeans rapeseed sunflower

(million tonnes)

2016/17 2017/18 2018/19 2019/20 (proj.)

back to DashboardPrevious

PageNext

Source: European Commission

EU oilseeds production

32.3

18.7

2.9

10.6

0

10

20

30

40

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

back to DashboardPrevious

PageNext

Source: European Commission

EU oilseeds stocks

2.9

1.0 1.1 0.8

0

1

2

3

4

5

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

back to DashboardPrevious

PageNext

Source: European Commission

EU vegetable meals production

31.2

12.9 13.0

5.3

0

5

10

15

20

25

30

35

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

back to DashboardPrevious

PageNext

Source: European Commission

EU vegetable oils production

16.6

9.3

3.3 4.0

0

4

8

12

16

20

Total Rape Soybean Sunflower

(million tonnes)

5 years trimmed average 2018/19(e) 2019/20(f)

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PageNext

Source: European Commission

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Source: European Commission

2017/18 2016/17

soybeans 14 721.5 9% 6% United States of America 60.9%

rapeseed 4 143.7 -2% -12% Ukraine 52.5%

sunflowerseed 503.3 -6% -37% Moldova 51.5%

soymeal 17 369.1 -7% -3% Brazil 42.0%

rapemeal 445.0 141% 135% Russia 36.7%

sunmeal 3 376.6 -8% -6% Ukraine 57.3%

soyoil 391.8 56% 37% Ukraine 30.0%

rapeoil 261.9 64% 74% Russia 46.1%

sunoil 1 708.0 -4% 9% Ukraine 88.1%

palm oil 6 226.4 0% 4% Indonesia 40.5%

Cumulated Imports up

to week 52 (1/7/18 -

23/6/19)

2018/19

(thousand

tonnes)

Difference (%) withMain origin of imports

share (%) in

total import

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PageNext

Source: European Commission

0

2000

4000

6000

8000

10000

12000

14000

16000

1 9 17 25 33 41 49Weeks

2016/17 2017/18 2018/19

Soybeans Imports (thousand tonnes)

0

5000

10000

15000

20000

25000

1 9 17 25 33 41 49

Weeks

2016/17 2017/18 2018/19

Soymeal Imports (thousand tonnes)

back to DashboardPrevious

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Source: European Commission

0

1000

2000

3000

4000

5000

6000

1 9 17 25 33 41 49

Weeks

2016/17 2017/18 2018/19

Rapeseed Imports (thousand tonnes)

0

100

200

300

400

500

600

700

800

900

1 9 17 25 33 41 49

Weeks

2016/17 2017/18 2018/19

Sunflower Imports (thousand tonnes)