In 2020 the EU rapeseed harvest could be slightly better than in the extremely weak previous year. However, since the acreage is smaller, one can assume that the domestic supply will remain scarce. It is therefore no wonder that the oil mills express their interest in preliminary contracts in good time. The willingness of farmers to sell is still limited. However, the closer the harvest comes, the more will be offered. Comparatively many preliminary contracts have already been concluded. But it could be interesting again if there are late frosts that would reduce the yields. Rapeseed prices rose by around four euros / tonne in the past week in line with the futures market quotes.
Rapeseed meal prices are supported in a quiet market by rapeseed prices on Matif in Paris and soybean meal on CBoT. The soybean harvest has started in South America and Brazil is expecting a record harvest.
Rapeseed oil prices are supported by low rapeseed stocks. However, the global economy, which is unsettled by the corona virus, is likely to keep the price fixing for our locally produced vegetable oil at bay.Soybean oil and palm oil are already rated weaker and a decline in biodiesel demand in the USA is also a burden. 
Source
HANSA Terminhandel
