# European oilseed prices consolidate: Grain market daily | AHDB

> European oilseed prices consolidated in early March 2024 as pressure from large South American soybean supplies spread to the region. Brazilian soybean prices into Europe fell to trade close to rapeseed prices within two months. Rapeseed also softened as Chicago soybean futures declined on lower US soybean demand.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/31318-european-oilseed-prices-consolidate-grain-market-daily-ahdb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large South American soybean exports are pulling down global oilseed and meal values, which lowers the cost of imported protein for European feed buyers. Price recovery depends on South American export pace and demand.

## Read by commodity

- SOY: bearish ▼

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/european-oilseed-prices-consolidate-grain-market-daily

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.