31.
07.20
13:01

HANSA futures trading - oilseed mail

The grain and rapeseed crops are in the foreground on German fields. Therefore, not much is currently being traded. Oilseed rape yields and oil levels are very different. There is also uncertainty about the supply of rapeseed in Germany and the EU. The rapeseed harvest in Ukraine may also be delayed; the supply from there is also scarce. Farmers' demands for their crops do not currently match the requirements of the oil mills. Most recently, rapeseed prices in Germany have been somewhat under pressure, farmers are hoping for more money.
Compound feed manufacturers seem to have stocked up quite well with rapeseed meal. However, if the oil mills start processing the harvest in the next few weeks, selling pressure for rapeseed meal could come from here. This could lead to price concessions. This is only likely to change again in the months from November. Bearish impulses also come from the soybean meal market.
In contrast, the prices for rapeseed oil have risen sharply for a week. The usual price slump at the beginning of the harvest in the northern hemisphere seems to be missing. The small rapeseed harvest in Europe and Ukraine also contributes to this.The rapeseed harvest on the Black Sea is probably 400,000 tons smaller than last year. Exports from Ukraine could even be 600,000 tons smaller than last year. Since the demand for rapeseed methyl ester is also increasing, prices are also supported.

Source
Hansa Terminhandel GmbH
Rückrufservice
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