The trade in rapeseed has been standing still for weeks. Older rapeseed is sold out. The farmers do not want to offer their new crop because the bids are too low for them. In addition, there is great uncertainty about the earnings. There is still a water deficit in many parts of Germany. You don't want to sell something now that you won't reap later.
The purchase interest of the oil mills is also low. The demand for biodiesel fell sharply during the corona crisis. As a result, 8% less rapeseed was bought in Q1 / 20. The foreign suppliers felt the most clearly. It is now hoped that the easing of the contact restrictions will revive the demand for the biofuel.
Not only the rapeseed prices on the futures exchange in Paris have fallen since last week, but also the prices for rapeseed meal. Compound feed manufacturers show little interest, they speculate on further falling prices. It is difficult to estimate when the extraordinarily calm market will pick up again. The same applies to soybean meal demand. Large harvests in South America and the United States are exerting price pressure. The firmer euro exchange rate also makes imports more attractive.
Even if the rapeseed harvest in the EU (27) and Ukraine is likely to be small again in 2020, the prices for rapeseed oil cannot improve. The competitive product soybean oil and other vegetable oils leave no scope for rising rapeseed oil prices. Due to better vegetation conditions in the USA, the courses for soybean oil at CBoT are under pressure. 
Source
Hansa Terminhandel GmbH
