Weekly Oilseed Outlook

Rapeseed: Rapeseed prices have staged a recovery, after last week falling to their lowest since July 2021.Rapeseed’s price upturn tallied with revivals in many markets, as concerns receded over the bank sector tremors stemming from Silicon Valley Bank’s collapse, and UBS’s takeover of Credit Suisse. Signally, crude oil futures, an important influence on prices of crops such as rapeseed used largely in making biofuels, bounced from their lowest levels since late 2021 as worries over economic fallout faded. Soybeans: Having fallen back down to October lows earlier this month, May-23 US soybean futures have been recording a partial recovery. The bounce in crude oil is providing a floor to oilseed markets, and despite the arrival of the Brazilian soybean harvest, bearish downward pressure is reducing. Access all of CRM AgriCommodities’ independent analysis and insights with a subscription. Get research, data and opinions from our team of analysts and advisors to help you make better informed decisions with a unique perspective on markets. If you are already a member and require login details, please get in touch. Log In Subscribe