07.
05.24
Oilseeds again with price increase

Oilseeds News, 7th / May / 2024

Bullish
  • Reduced yield expectations for rapeseed and soybeans
  • Support from palm oil and crude oil
Bearish
  • Price range is limited due to usual price ratios

After a brief breather, oilseed prices for rapeseed and soybeans are on the rise again. Adverse weather conditions in the flowering phase of rapeseed and dry regional sowing conditions for soybeans in the USA are causing the high harvest expectations to shrink. The armed conflict in Ukraine is having a negative impact on the oilseed harvest and is also causing uncertainty in transportation. The palm oil and crude oil markets are also having a price-supporting effect. In view of the already high price level, the upward scope for prices will be limited. The usual price ratio of wheat to rapeseed of 1 to 2 has already been exceeded.

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ZMP Live Expert Opinion

The oilseed market is being dragged along by developments in the grain sector. In addition, there are supporting factors due to weather-related adverse effects on the coming rapeseed and soybean harvests.

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13.
02.26
17:25

Rapeseed / canola - stabilization despite global abundance of oilseeds The oilseed complex is characterized globally by high production volumes and rising ending stocks, particularly for soybeans in South America. At the same time, the IGC analysis signals rising oilseed production and higher global stocks overall, which structurally limits the…

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23.
12.25
12:53

Rapeseed Weekly market development Global: USDA and other forecasts show rising global rapeseed production (including Australia, Canada, Russia) and higher ending stocks. EU context: Sufficient oilseed supply overall; no bottleneck signals. Trend: EU & global: stable to slightly bearish 2-4 week outlook: Sideways, with slight downside risk as…

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10.
12.25
18:53

Rapeseed /Canola & Oilseeds The WASDE report raises rapeseed production globally, including in the EU and Ukraine. However, market reports recently show a decline in oilseed futures partly due to oversupply (e.g. good canola harvests in Australia). Ukrainian export quotations for rapeseed are under pressure, influenced by weak demand and…

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