Market prices for the Matif rapeseed futures were under severe pressure last week due to the Corona crisis. Warehouses of old goods are no longer attractive enough on the cash market, which are based on the market prices. Therefore, hardly any business was concluded recently. According to market participants, the oil mills are well supplied with raw materials until the new harvest.
The much too mild winter weather with heavy rainfall makes the floors impassable. Rapeseed field holdings are much wider than in previous years on this date. While traders are speculating on further discounts, farmers are currently no longer offering contracts for their new crop.
Prices for fodder meal were recently supported by the futures market prices in Chicago. An increase in export duties on soybeans and meal by the new government in Argentina and fewer landings of meal from there have reduced supply from South America. Prices for rapeseed meal remained stable, however, because the demand from compound feed manufacturers is low. Market participants are also unsettled by the corona crisis.
In line with falling crude oil prices, prices for vegetable oils in the EU also fell.The price of palm oil lost the most, followed by soybean oil and sunflower oil. Rapeseed oil prices, on the other hand, were able to hold their own somewhat and only fell by 2.5%. A firmer euro / US dollar exchange rate increases the buying sickness of local importers. 
Source
HANSA Terminhandel
