The situation is currently very calm on the German rapeseed market. With stagnating premiums and a trend of falling rapeseed rates in Paris, sales incentives are low. Although there should still be plenty of aging goods in warehouses, given the very low price level, many are likely to keep the goods under wraps. The latest cold front has completely frozen the willingness to sell, they say. Farmers are expecting to eat out. As long as the scale is unclear, the restraint will probably last. Soy meal prices are rising, in the north by EUR 7 / t and in the south by EUR 6 / t for prompt goods. However, sales remain subdued due to the high price level. For rapeseed meal, claims were raised due to the tighter supply and higher demand. Soybean oil has been attached to the previous week. Pricing was above all the firmer soybean oil prices in Chicago, which rose by almost 2% on a weekly basis. Record processing volumes in February in the US supported share price performance. The weekly US export sales will only be published tomorrow, weather-related.
