UFOP-Market Information Oilseeds and Biofuels

Edition June 2024

Oilseeds

+++ Ex-farm rapeseed prices increased. +++ As the 2024 harvest neared, market participants were looking primarily at the weather charts +++ US soybeans increased on the month; unfavourable harvest and growing conditions in Brazil and Argentina had a dominating influence on market activities. +++

Oilseed meals and oilcakes


+++ Rapeseed meal fell from ten-month high. +++ Soybean meal prices firmed on support from concerns over South American soybean harvest, but low level of buying interest put a damper on price increase. +++

Vegetable oils

+++ Rapeseed oil cracked the mark of EUR 1,000 per tonne. +++ Fluctuating palm oil prices trended firmer although supplies swelled as production increased. +++

Fuels


+++ Buying interest in the biodiesel market was virtually non-existent. +++ Unexpectedly high US supplies pushed down crude oil prices. +++