Oilseeds (rapeseed, soybean meal) Rapeseed prices above 750 € / t on the Paris stock exchange are a clear indication of the global supply crisis for this oilseed. The main reason is the heat-related harvest disaster in Canada with a loss of 50%. The exports of the world's largest exporter are falling to the same extent. The rapeseed harvest in the EU-27 was only average. The Union's usual import requirements of 5 to 6 million tonnes will not be met this year because the global quantities are not available. Even the above-average harvest in Australia with 4.3 million tons can do little to change this. The high rapeseed price level is also caused by the two market leaders palm oil and soy . Soy and palm oil prices are more than twice as high as in previous years.In the background, the increased crude oil prices due to the competitive relationships with biofuels play a major role. For the EU-27 harvest in 2022 , a larger cultivation area can be assumed, but it remains to be seen how the area yields will turn out due to weather conditions and the influence of price-related reduced use of fertilizers. The rapeseed prices on the Paris and Canadian stock exchanges will fall again in the second half of 2022 compared to the current quotations, but are traded at an above-average level of around € 560 / t. The soybean meal prices , which were still high at the beginning of 2021, fell into October as a result of two good harvests in Brazil and the USA. In the last two months, however, an increasing demand for soybeans, mainly from China, has led the stock exchange prices to rise again to $ 400 / sht (€ 390 / t).German soy meal on the Hamburg stock exchange is currently quoted at € 440 / t . In the world's largest production area, Brazil , the area under cultivation was increased again in autumn. The sowing could be completed early. The seed stand is rated above average. The harvest is scheduled to begin as early as January 2022 and promises a high result. However, the La Niña weather phenomenon, with possible dry phases in the southeast region, makes a reliably accurate harvest estimate uncertain. Argentina expects harvest losses due to drought. The Hamburg stock exchange quotations for soybean meal will fall from March 22 to around € 434 / t and from May to below € 405 / t .
