The forecasts for rapeseed prices next season are bleak. In the current reporting week, the prices on the cash market and on the futures exchange in Paris fell more than initially feared. The world market has many bearish influences. For example, a crude oil price under severe pressure and the corona crisis.
The market participants react differently to this in the rapeseed market. Oil mills are currently not making any new purchase orders; they are already well supplied until the new harvest arrives. The willingness of farmers to sell their next crop at these low prices is practically zero. Since the field stocks have not developed any frost resistance at all, it remains uncertain how large the harvest will be.
The prices of the new rapeseed harvest have fallen by € 20 / tonne for a week.
The prices for feed meal are also falling sharply. Nevertheless, there are hardly any buyers. Soybean stocks around the world were revised upwards by the USDA on Tuesday. The supply situation is therefore comfortable. Even if Argentinian soybean meal is still only available to a limited extent, mixed feed manufacturers in Germany are reluctant to make purchases.The rapeseed market is also quiet and prices are under pressure for this too.
Rapeseed oil prices also fell sharply in the past week. Biodiesel is no longer in such high demand because crude oil has become cheap without competition. The prices of all vegetable oils are falling. The reason for this is a trade war between the OPEC countries Saudi Arabia and Russia over the production quotas and the crisis in which the global economy slips because of the Corona virus. 
Source
HANSA Terminhandel
