On-the-Ground Updates

Global Oilseeds Prices Continued to Drop on March 2023

Canola Seed & Rapeseed
United States
Sean Flanery
Published Mar 15, 2023
The MATIF Mar 23 closed down USD 2.66/MT (EUR 2.50/MT), and the ICE Mar 23 closed down USD 7.45/MT (CAD 10.20/MT) as global oilseed prices kept on falling overnight. Prices of oilseeds were further impacted by a 4% overnight decline in crude oil, which reached a nine-week low. Australian canola prices followed the worldwide market and are currently selling at USD 449.70/MT, a decrease of USD 38.75/mt from this time in W10.
*Delivered Port Kembla

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