Germany: Oil meal prices remain at a high level

Published 2022년 9월 15일

Tridge summary

The article highlights the dynamic nature of the rapeseed and soybean meal markets, with a focus on price fluctuations and demand trends. It reveals a strong preference for contracts with longer maturities for rapeseed meal, particularly for deliveries starting from November 2022, due to an abundant supply from a bountiful harvest. Despite this, demand for immediate delivery is dwindling. The prices for rapeseed meal have seen a significant increase compared to the previous year, with a peak in August 2022. Conversely, soybean meal prices surged in August 2022, driven by factors such as adverse vegetation conditions in the United States, rising energy prices, and logistics costs, only to experience a decline in early September 2022 following a revision in US yield forecasts.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

While there is only occasional demand for prompt rapeseed meal, there is much greater interest in contracts with longer maturities. The supply on the rapeseed meal market is more than sufficient due to the plentiful rapeseed harvest. However, this offer meets with a dwindling demand, especially for early delivery dates, writes the UFOP. On the other hand, deliveries from November 2022 enjoy greater buying interest and are valued higher than September goods. In August 2022, wholesale prices tended to be firmer across the board and were not just 10% above the previous month's level on average, but even 37% above the prices in August 2021. At the beginning of September 2022, however, the prices for prompt goods tended to be weaker. The Agrarmarkt Informations-Gesellschaft (mbH) reported an average of 325 €/t ex mill on September 8th. In contrast, rapeseed meal became more expensive on later delivery dates, which were valued at €341/t. Soybean meal prices also rose significantly in ...

Source: Top Agrar Online