Experts estimate an olive oil production of around 1.15 million tons, which would be 10% less than last year. Italy and Greece also report figures well below the average.

The prices of Soybean Oil have become more favorable during the last month. This is due to the good harvest expectations in Brazil, as well as the positive "Acreage Report" in the United States.

After having made public that the Trump administration is thinking of a "producer credit" that would support the local production of biodiesel in the United States, the prices of soybean had a strong increase in the short term.

The record US harvest will arrive very soon. An increase of more than 10 million tons is expected compared to last year. Therefore, prices of soybeans and soybean meal have already fallen on the stock market. The next South American harvest is also expected to be more positive after soil moisture has improved in Brazil's most important growing areas.

In recent days, soybean prices have increased by 3% Chicago Board of Trade, which is partly the result of the disappointing yield of the corn crop that is just beginning in the United States beginning.

In recent weeks the fundamental data of supply in world markets have changed radically.

The growth of global vegetable oil production is slowing. Mainly, this is due to the stagnation of palm oil production.

The growth of global vegetable oil production is slowing. Mainly, this is due to the stagnation of palm oil production.

The world supply of soybeans is well maintained. The crops of South America are at the same level as the previous year.

The prices of soybean oil have increased considerably in recent days. This is due to poor harvest expectations in Brazil, where in more than 30% of the area (especially in the north of the country) the conditions are very bad due to the great drought.

Farmers and soybean processors are still waiting to increase prices. However, they are currently under pressure after the US harvest is advancing very rapidly and surprisingly high yields per hectare were announced.

The US soybean oil market remains "bearish". The reasons can be found in crop forecasts by some private observers that confirmed our view that US soybeans were not damaged by excessively humid weather in June and July as much as previously feared.