UFOP-Market Information Oilseeds and Biofuels

Edition April 2024

Oilseeds
+++ Rapeseed price climbed to 7-month high. +++ Price increase was used to market the 2023 and 2024 harvests. +++ Soybean harvest operations in Brazil made swift progress; unfavour-able growing conditions in Argentina fuelled concerns over harvest losses. +++

Oilseed meals and oilcakes

+++ Scarce supply of rapeseed meal in nearby positions drove prices. +++ Soybean meal prices eased; ongoing soybean harvest increased feedstock supply. +++

Vegetable oils
+++
Rapeseed oil rose based on strong feedstock prices. +++ Tight Malaysian supply-and-demand balance drove palm oil. +++

Fuels

+++ Trading activity on the biodiesel market picked up somewhat. +++ Crude oil went up and down; rise in US inventories recently caused downward pressure. +++