# Germany: Oil meal prices remain at a high level

> German oil meal prices remain elevated, with rapeseed meal well above last year and peaking in August 2022. Demand for prompt-delivery rapeseed meal is weak, while contracts for November delivery attract more interest. Soybean meal prices eased in early September after US yield forecasts were revised.

- Date: 2022-09-15 · published 2022-09-15T12:00:00.000Z
- Category: market · region Germany · magnitude low
- Page: https://feedsoft.ai/events/39684-germany-oil-meal-prices-remain-at-a-high-level
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Abundant rapeseed harvest supply versus weak prompt demand points to softer near-term European meal prices, while longer-dated contracts stay firmer. Soybean meal's decline after the USDA revision suggests the US crop outlook is the key price driver.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/news/oil-meal-prices-remain-at-a-high-level-2

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