Oilseed markets remain under pressure

On the Matif, the rapeseed contracts for November and February slipped back below the 600 euro/t mark. The rapeseed contracts are thus following the guidelines for crude oil and the agricultural markets as a whole. Canola in Canada was the only oilseed to gain yesterday. On the cash markets in Germany, there are still only few turnovers. However, the rapeseed meal was able to record a little firmer again recently. Many entrepreneurs are currently stocking up more and more on goods due to the recent tensions in Ukraine and a resulting supply bottleneck. On the CBoT, soybeans also went south due to the generally difficult market environment. Soybean meal and soybean oil also lost under these signs. Last week's export shipments halved compared to the previous week. Only 257,547 tons of beans were loaded in the ports. The strong US dollar and renewed competition from Argentina are having a negative impact on US exports. According to media reports, China is currently buying more beans in the South American country. The price losses are slowed down by announced night frosts in the northern growing areas.