The German oil mills have largely left the rapeseed market of the old harvest. The extensive offers with comparatively low prices for imports of other oilseeds suggest that there are hardly any supply gaps in the current season and before the new harvest.
Storekeepers have usually come to terms with having to ream their rapeseed and sell it together with the next harvest. Maybe there is still a demand.
The rapeseed field crops in Germany often provide a sad picture, because the rapid rise in temperature in April allowed the plants to grow rapidly above ground, but the rooting did not follow, so it comes to the budding wilt. Yield losses are discussed.
Because so little rapeseed is processed, rapeseed meal is scarce and the interest of the compound feed companies is completely extinguished. There were even price concessions. By contrast, soybean meal prices were stable last week. They follow the guidelines of the CBoT. The disappointing soybean harvest in Argentina is priced in, but the trade dispute between the US and China offers plenty of conversation.
Also rapeseed oil is scarce, how so little is processed.The demands for this adjust to the fixed crude oil price and the price development of the euro. Most of the price reports are nominal, however, because at present virtually no rapeseed oil is traded.
