The landslide-like price losses of the past weeks at Matif rapeseed ensured that the farmers withdrew completely from the market by selling their last supplies and pre-selling the next harvest. For them, the focus is now on field work. The price level would have to improve significantly in order to lure unsettled sellers back to the market.
Frosts of up to minus 8 ° C also stir up fears about yields.
Meanwhile, oil meal prices have risen significantly in recent days. Compound feed and processing companies have stocked up with soybean meal, one speaks of hamster purchases. Bullish signals are coming from international markets. The supply of soybean meal from Argentina was previously delayed by the bankruptcy of a large oil mill and now the transports to the export ports are still hampered by the Corona crisis. The lively demand in this country exceeds the below-average supply. Delivery bottlenecks can no longer be ruled out. This also drives up the prices for rapeseed meal.
Quite different with the vegetable oils.The corona crisis, caused by the standstill of many economies, causes energy consumption to decrease worldwide. There is also less demand for diesel, which limits the demand for biodiesel. Vegetable oil prices are as volatile as crude oil prices. In anticipation of a below-average rapeseed harvest in the EU, the prices for rapeseed oil could rise again from August. 
Source
HANSA Terminhandel
