06.
11.20
10:57

HANSA Terminhandel - Oilseed Mail

German rapeseed imports from the Baltic States and Ukraine continue to be at a high level. So far it has not been seen that the influx of imports is slowing down. This is remarkable given the significantly lower availability of rapeseed from Ukraine.
German processors continue to secure the quantities they need with imported rapeseed. Rapeseed from Germany is currently in little demand. However, rapeseed producers are not particularly interested in marketing their products. Some larger lots were probably sold in October.
At this point in time, usually around 1/3 to ¼ of the harvest is still in the hands of producers. This commodity often serves as a speculative ground for price increases. However, the last few years have shown that price increases have not always occurred despite the sharp fall in harvests. This experience will be painfully remembered by some producers. It is possible that the marketing has already progressed further than expected and there is not that much product available for marketing. The first deals for rapeseed contracts from the 2021 harvest could speak in favor of this.

Source
Hansa Terminhandel GmbH
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