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Global rapeseed production cuts basically confirmed, rapeseed meal prices should not be overly bearish
Although autumn has arrived and the aquaculture industry is entering its final stage, which will weaken rapeseed meal consumption, the crushing operations of oil mills are on the verge of loss, the number of rapeseed arrivals at ports has decreased somewhat, and with the National Day holiday approaching, domestic oil mills are not highly motivated to produce, so domestic rapeseed meal supply
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Adequate and good-quality wheat and rapeseed seed supply
Currently, the winter wheat and winter rapeseed seed market has entered its peak sales period. According to our center's monitoring of the seed market and scheduling of supply and demand, this year's autumn and winter planting wheat and rapeseed seed supply is adequate, with overall good quality. Winter wheat seed prices are level with the same period last year, while winter rapeseed seed
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Three achievements in rapeseed direct seeders and windrowers pass appraisal
Recently, 3 achievements in rapeseed direct seeders and windrowers led by the research team of the College of Engineering at Huazhong Agricultural University passed appraisal by the Hubei Provincial Department of Science and Technology. Luo Xiwen, academician of the Chinese Academy of Engineering and professor at South China Agricultural University, and Chen Xuegeng, academician of the Chinese Academy of Engineering and researcher at the Xinjiang Academy of Agricultural Reclamation Sciences, served as chairman and vice-chairman of the appraisal committee respectively. Zhu Ming, president of the Chinese Academy of Agricultural Engineering Research and Design, and Wang Hanzhong, director of the Oil Crops Research Institute of the Chinese Academy of Agricultural Sciences, attended the appraisal meeting. After appraisal, the expert panel concluded that all 3 technologies are at the international advanced level, with some at the international leading level. Experts said that China is a major rapeseed-growing country, yet the level of rapeseed mechanization remains low, and the mechanized sowing level of wheat in the middle and lower reaches of the Yangtze River is 37%, far below the national average of 87%. After the promotion and application of the 3 achievements, rapeseed (including wheat) planting will take a solid step forward on the road to full mechanization.
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Increased rapeseed imports: uncertainty over rapeseed meal price rebound
Increased rapeseed imports put pressure on rapeseed meal. Statistics show that in October, China's rapeseed imports arriving at port totaled 187,000 tonnes, down 164% from 495,000 tonnes the previous month, but up 153.9% year on year from 737,000 tonnes in October last year. Current port inventory stands at 352,000 tonnes, up 40% month on month and up 89% year on year.
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Rapeseed planting area shrinks, output may fall by around 10%
Entering April, rapeseed is nearing the market across China. Because wheat prices were ideal in the summer and autumn of last year, planting returns were clearly higher than those for rapeseed, causing China's rapeseed sown area to shrink further. In addition, poor weather during the rapeseed growing period caused some areas to suffer
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Soybean oil, palm oil and rapeseed oil futures prices take a collective breather
"The rally in oils and fats varieties will not just quietly end like this; after consolidation, the probability of a medium-term rise is very high." Wang Huan, a grain and oil trader in Hubei, told the Futures Daily reporter that the collective surge and pullback in the futures prices of China's three major oils yesterday was only temporary, and the speculation over low oils and fats market inventories and the coming El Nino weather is not over yet.
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Oilseed market adapts actively to achieve revitalization
This year the national temporary rapeseed storage policy was cancelled, and lacking government support, processing enterprises and growers are all in a state of confusion, with the new rapeseed purchase market sluggish. In addition, according to forecasts by the National Grain and Oils Information Center, in 2015 China's soybean planting area is 6.1 million hectares, an expected decrease of
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Domestic rapeseed oil supply is expected to increase in the later period
The adjustment of China's domestic rapeseed purchase policy has a diversified impact on the market. After the cancellation of the temporary state reserve rapeseed purchase policy, the market supply of domestic rapeseed oil will increase relatively, the price gap between rapeseed oil and soybean oil will continue to remain at a low level, and domestic rapeseed oil consumption will also continue
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The strange phenomenon of rapeseed purchasing gradually fades: oil mills won't buy, farmers won't sell
According to the spirit of the "Notice on Doing a Good Job in the 2015 Rapeseed Purchase Work" issued by five departments including the National Development and Reform Commission, major rapeseed-producing areas such as Hubei Province have recently begun to deploy rapeseed purchasing work one after another. This marks the final implementation of the 2015 new-crop rapeseed purchasing policy. Policy implementation
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Nearly 40 percent of China's winter rapeseed planted in 2015
The national autumn harvest progress has accelerated compared with the earlier period. Over the next three days, most of the country is expected to see mainly fine weather, suitable for autumn harvesting and autumn planting. However, soil surface moisture continues to be persistently poor in parts of southern North China and northern Huang-Huai, and the southern part of the Southwest region will see frequent overcast and rainy weather. At present, the national autumn harvest area
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