# Oilseed rates return to sideways movement after the

> Rapeseed prices rose on higher palm oil and crude oil prices, while a global rapeseed harvest of about 68 million tonnes is seen as scarce. Soybean oil in Chicago has firmed but is weakening, and soybean meal prices are recovering from a brief dip.

- Date: 2019-11-19 · published 2019-11-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56169-oilseed-rates-return-to-sideways-movement-after-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Palm and crude oil strength supports vegetable oil and biodiesel-linked demand, while a weak US soybean harvest and a closing South American season underpin soybean meal prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- WTI: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/market-report-oilseed-rates-return-sideways-movement-after-upswing-phase-2019

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