Rapeseed prices in Germany are particularly supported these days in the fixed futures market courses at Euronext in Paris. However, physical trading at a higher level basically does not take place. The old crop is practically sold out and the prices of the new crop are too low for farmers to sell, especially since the level was significantly higher a few weeks ago. There is also uncertainty about how the field stocks will develop. Frost damage is reported from some regions. Higher asking prices and concerns that excessively high delivery commitments could be made are slowing business for the 2020 harvest.
The strong demand of the rapeseed meal market in Germany has calmed down again in the past two weeks. However, the price rose again compared to the previous week because goods in front are scarce and there are only very few offers.
Soybean meal prices have been declining for two weeks. As on the rapeseed market, demand has calmed down. The mood on the supply side has brightened again. Recent reports from Argentina that transport regulations have been found alleviate the concerns about insufficient supply on the European market.
The prices for rapeseed oil rose further. They are supported by the fixed rapeseed courses in Paris, which are buoyed by concerns about the European rapeseed harvest in 2020.
Source
Hansa Terminhandel GmbH
