[ noun ] any of several seeds that yield oil <noun.plant>
Oilseed \Oil"seed`\, n. (Bot.) (a) Seed from which oil is expressed, as the castor bean; also, the plant yielding such seed. See {Castor bean}. (b) A cruciferous herb ({Camelina sativa}). (c) The sesame.
Anne Frick, senior oilseed analyst with Prudential-Bache Securities Inc., said the report was another indication of slack foreign demand for soybeans.
In the case of soybeans, however, record world oilseed production has reduced prices from last season.
A spokesman attributed the earnings gains to significant company growth and more favorable oilseed sector performance. Archer Daniels has linked its securities loss to "a possible lapse in internal controls" over long-term investments.
"It's hard to move corn independent of beans," said Richard Loewy, senior grain and oilseed analyst with Prudential-Bache Securities Inc.
When the key reversal was established, "the market just fed on itself," said Anne Frick, senior oilseed analyst with Prudential-Bache Securities Inc. in New York.
An oilseed crushing plant at Velva, N.D., is in mothballs.
The so-called triggered marketing loan would benefit producers of wheat, feed grains, soybeans and other oilseed crops.
"Total Argentine oilseed area is expected to jump 16 percent to just under 9 million hectares, of which 7.7 million hectares are soybean and sunflower seed," the agency said in a recent outlook report.
They also insisted that the administration must not accept any EC proposal which would put tariffs on EC oilseed imports.
Recent rains may have saved some of the Indian oilseed crop, Mr. Freed said.
However, global grain and oilseed use probably will increase slightly." Cole added: "Export growth will be spurred further by increased demand from developing countries, as the value of the dollar remains relatively low.
Foreign oilseed production, including soybeans, sunflower seeds and rapeseeds, was projected at a record 152.5 million metric tons, up 5% from 1987.
World oilseed production, including U.S. soybeans, also is forecast at a record level in 1990-91, up 2 percent from last year.
Anne Frick, senior oilseed analyst with Prudential-Bache Securities Inc., said the market's runup on Wednesday had been based partly on expectations for a post-Thanksgiving rally, and that few buyers were left on Friday.
This is a daunting task, since the EC grows more than 12m tonnes of subsidised oilseed.
Limiting oilseed cultivation to 5.12m hectares in the Community would not cramp French farmers, they concede.
Statistics Canada said production of canola, which is Canada's main oilseed, is expected to rise 4.8% to 177.8 million bushels.
Drought has damaged Brazil's soybean crop, and the European Economic Community has increased its demand for the oilseed, the department's Economic Research Service said Monday.
Despite the increased oilseed acreage, the officials predicted that Canada's oilseed production this year will slip 1% from last year because of the drought.
Despite the increased oilseed acreage, the officials predicted that Canada's oilseed production this year will slip 1% from last year because of the drought.