Oilseeds: Increased palm oil and increased crude oil prices allow for higher rapeseed prices; But the highlight has been crossed again. The world's scarce rapeseed harvest of just 68 million tonnes compared to previous 72 to 75 million tonnes should actually lead to high prices. Specifically in the EU, more than 5 million tonnes are missing to meet the usual demand of between 23 and 25 million tonnes. The exporting countries Ukraine and Australia do not have sufficient export volumes. EU supply could become critical again in the second half of the 2019/20 financial year. Although Canada is sitting on large unsold quantities due to the Chinese import boycott, GMO-modified goods are finding little use in this country. Rapeseed prices on the oil side are significantly influenced by the competition with palm oil and the 60% use of biodiesel. In the latter case, the crude oil price plays a role. The recent rise in rapeseed prices in Paris is due not only to the scarce supply situation, but also to the sharp rise in palm oil prices .The attracted crude oil prices have also helped . In the meantime, soybean oil prices in Chicago have also taken root, but they are already beginning to weaken again. Under the impression of the high stocks and the lack of China sales, the Canadian Canola courses move comparatively little. Soybean meal prices are picking up again after a brief price decline, but remain at a low level over the longer term. The closing South American sales season and the current weak US soybean harvest of only 96 million tonnes compared to last year's campaign with 123 million tonnes are making themselves felt. In contrast, the influence of just sown soybeans in Brazil and Argentina is still barely noticeable. Uncertain expectations of conflict resolution in the US-China dispute have temporarily led to strong Chinese purchases, giving short-term impetus to the soybean complex. Overall, the supply situation in the soybean area 2019/20 is less abundant than in previous years.The upswing has already subsided. The courses have gone on the higher level reached in a weakening sideways movement.
