14.
08.20
12:31

HANSA Terminhandel - Oilseed Mail

German oil mills have significantly reduced their bids for immediately available rapeseed ex-farm despite falling futures market rates. The reasons for this are very inexpensive goods from the Baltic States and ship loads from the Ukraine, which hit the market with a 2-week delay. In addition, the German rapeseed harvest now seems to be a little better than originally expected. Both wholesale prices and producer prices are under pressure. The national average was last paid € 361 / ton, which is € 5 less than in the previous week. The willingness to sell is low due to the falling prices, but also in anticipation of a still small harvest. It remains to be seen whether the producers' hopes for significant price increases will be fulfilled.
The situation on the rapeseed meal market was calm and balanced this week. The needs of the currently few buyers who request goods sporadically can be met without any problems.

Source
Hansa Terminhandel GmbH
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