After the old rapeseed harvest in the EU is almost sold out, participants in the cash market are concentrating on the 2020 harvest. While rapeseed declined noticeably, the prices for preliminary contracts improved by two euros / ton in the past week. However, farmers are still hesitant to conclude contracts, even though the fields have developed well. Apparently too good, because the cultures did not develop any frost resistance during the mild winter. In late frosts, damage and loss of yield could still occur. The farmers usually play it safe and do not commit themselves to a buyer too often.
Recently there has been more price movement in the market for feed meal. Argentine soybean meal was scarce because a large oil mill in the South American country had failed weeks ago and could no longer process soybeans. This revived the demand for rapeseed meal in Germany, and more firm prices are to be expected in the coming months.
Prices for vegetable oils also stabilized last week. The same applies to soybean, palm and rapeseed oils.In the EU, the demand for biodiesel has increased and rapeseed methyl ester is required first. Raw rapeseed oil is scarce and is sought. The expectations of the rapeseed harvest in 2020 are also not great and the raw material rapeseed is likely to remain scarce. Soybean oil prices have been very volatile recently. The panic over the spread of the corona virus sent the courses down and then up again. 
Source
HANSA Terminhandel
