UFOP-Market Information Oilseeds and Biofuels

Edition May 2026

Oilseeds

+++ Rapeseed prices remained volatile with a general upward trend.+++Most of the old crop was marketed, with increased forward contracting of parts of the 2026 crop in some regions.+++Rapid sowing in the US and abundant supply of soybeans from South America limited scope for upward price movements.+++

Oilseed meals and oilcakes


+++Spot rapeseed meal climbed above EUR 300 per tonne.+++Prices of conventional soybean meal remained firm, supported by logistical and regulatory challenges.+++

Vegetable oils

+++Rapeseed oil trended upward, with the energy market setting the direction.+++Palm oil found itself caught between Southeast Asia's biodiesel policy and abundant supply.+++

Fuels


+++Biodiesel market was largely driven by expectations regarding the implementation of RED III.+++The Strait of Hormuz remained the key driving force in the crude oil market.+++