For a week, the stock prices for rapeseed on the Paris Matif have improved by seven euros / ton. Oilseed growth in the EU has been slowed by the cold March weather and experts expect parasite pressure to increase. Field stocks in the EU are not in optimal condition. Strategy Grains had already slightly reduced its estimate for rapeseed harvesting in the EU at the end of last week.
Since the cash market offers no attractive premiums over the stock market prices, the willingness of rape sellers to sell is still low. The oil mills in this country have problems competing with cheap vegetable oils from Argentina and Indonesia.
In this respect, the supply of rapeseed meal is still scarce and prices continue to rise, especially since soybean meal has become more expensive. The trade dispute between the US and China reached another high point yesterday, as China now wants to give US soybeans an additional 25% punitive tariff. Meanwhile, the parties are trying to calm the situation. A slide in CBoT soybean had also put pressure on Paris rape courses. In the meantime, the courses are already recovering over and over again.
But experts do not rule out that the oilseed market now has to sort itself out completely.
Text: HANSA Derivatives Trading GmbH / Graphic: Saxo-Trader 
