Rapeseed prices have risen - Scarce supply situation and robust competition prices The supply shortage in the rapeseed market is also slowly gaining ground in prices. Rapeseed is well above the € 385 / t mark on the Paris Stock Exchange. In Winnipeg Canola is traded slightly over € 305 / t , also with an upward trend. So far, support has been provided by the second market leader, palm oil , which is quoted at € 460 / t. After initial increase, the soybean courses have given something back; therefore, no help is currently provided. The crisis-driven high-altitude flight of the crude oil price has eased somewhat; however, it remains explosive. The Energy Agency EIA forecasts lower oil prices for 2020 than this year. This development also slows down the price increase potential of oilseeds through the connection with the biofuel sector .The soybean market is characterized by high inventories in the US, the expected low US soybean harvest and China's reluctance to soybean port . US farmers are hoping for relief from Chinese punitive tariffs , which will be short-lived in the run-up to new negotiations with the US. Warm weather in the US soybean region is currently accelerating the lagging growth of crops with the expectation of higher than previously projected yields. The Brazilian influence of above-average increases in export volumes is losing weight because of logistical bottlenecks. The new harvest from Jan./Feb. 2020 should be at record levels again. China is making its first effort to import soybean meal from Argentina . The palm oil sector is heading towards the seasonal peak of production in Oct.-2019.The slowdown in Chinese imports has left Southeast Asian inventories higher than previously expected. Therefore, one predicts rising supply pressure in the coming months. The previous price increase for palm oil is aborted. The forward rates during the rest of the year show slight increases until the first three spring months, after which some crashes can be seen.
