November started with rising rapeseed prices. The market is now coming back. In the past week, very high prices and rates were traded on both the cash market and the derivatives exchange in Paris. Producer prices increased by up to 20 € / to compared to the previous week. In northern Germany, the top prices are not infrequently over 700 € / to. In contrast, “only” € 640 / dt was reported from Baden-Württemberg. Forward contract prices for the 2022 crop have also increased, but buyers are struggling to lock in such high prices. One can expect that the next rapeseed harvest will be bigger, because farmers are planning to grow more oilseeds not only in Germany, but across the EU or even worldwide.
If there was little interest from feed producers, the prices for rapeseed meal also rose. However, fixed prices discourage buyers. Fully running warehouses and logistics problems could cause the oil mills to make distress sales. Soybean meal prices also rose significantly this week. Delivery delays occur again and again because freight space is scarce.
Rapeseed oil prices fell slightly compared to the previous week's highs. The demand from biodiesel manufacturers has decreased in the past few days.
Source
Hansa Terminhandel GmbH