16.
07.20
10:34

HANSA futures trading - oilseed mail

The rapeseed fields in Germany have benefited from the rainfall of the past 14 days. This has prompted the DRV to increase its monthly yield estimate for rapeseed from 33.6 dt / ha in June to 33.7 dt / ha. This would have exceeded the previous year's result by 1.8%. In Mecklenburg-Western Pomerania, Lower Saxony, Rhineland-Palatinate and Saarland, earnings expectations were raised, in Schleswig-Holstein they were lowered. Based on the acreage, the harvest in Germany is expected to be 3.21 million tons of rapeseed (+ 13.7% on the previous year). The rain benefited the formation of yield. However, the rapeseed harvest that started in some growing regions was slowed down.
The growers are still very reluctant to market the new crop. One is uncertain how big and in what quality the harvest turns out. In addition, the current price level is below the seller's expectations.
The willingness to sell has risen on the rapeseed meal market. The number of sellers is reportedly greater than the number of buyers for both old goods and goods ex harvest. Despite the excess supply, prices remained stable. Soybean meal prices have recently come under considerable pressure.

Source
Hansa Terminhandel GmbH
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