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Refined rapeseed oil prices in the US moved lower over February amid a mix of resilient downstream demand and logistical frictions that constrained flows into key consumption hubs. Early February saw firm Canadian and European export offers tracking a stronger ICE canola futures curve, and steady rapeseed oil聽offtake from biodiesel and foodservice buyers kept replacement values supported. Mid-month, railcar availability tightened and Jones Act tanker slots were constrained while seasonal maintenance in Europe cut export availability. By late February inventories at Gulf Coast discharge terminals remained within normal working ranges, limiting the risk of outright shortages even as rapeseed oil sellers adjusted offers in response to shifting freight and origin-cost dynamics.
Rapeseed oil demand聽patterns were mixed across end-use sectors, supporting values but not preventing a monthly retreat in headline quotes. Domestic biodiesel blending and renewable diesel procurement remained a bright spot, with our analysts...
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