AgInfoBits News Oilseed Markets Lighten Up. . . While oilseed markets remained slow last week, the case is building for this scenario to change, says the American National Sunflower Association. According to the publication Oil World, sunflower production worldwide has declined sharply this year and world stocks are expected to fall a staggering 52 percent. This means that oil stocks will come down sharply in the next 12 months.
Oil appears to have the best pricing opportunities of all of the commodities.
This is after three straight years of pricing well below the long-term average. Adding to the positive outlook is the Malaysian program directing palm oil into the state run utility company as a source of fuel to produce electricity. This program alone is expected to take 500,000 MT of palm oil off the market, says the NSA's weekly market outlook. Carol Gunvaldsen, crops analyst with Manitoba Agriculture and Food says Canadian canola exports have also been moving well. Markets are already anticipating canola carryover to be lower than expected earlier in the crop year.