Rising week of rapeseed quotations on global markets

Published 2022년 12월 25일

Tridge summary

Crude oil prices were once again on a rise, which had a positive impact on the price of rapeseed on the Paris stock exchange, although it fell slightly on Friday, it still saw a weekly increase from nearly 1.5 year low. Similarly, Canadian canola and US soybeans also saw a weekly price increase. The price of rapeseed in France was 25.1% lower than the previous year, canola in Canada was 14.9% lower, and soybeans in the US were 11.0% higher than the previous year. The prices of these agricultural commodities are expected to continue their long-term uptrend, but have a mid-term and short-term downtrend.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The second week in a row that crude oil prices on the world markets were rising, which supported the price of rapeseed on the Paris stock exchange, which (despite the fall on Friday) rebounded clearly on a weekly basis from the nearly 1.5 year low in quotations. Over the past week, Brent crude gained 6.2 percent, and the US WTI gained 6.8 percent. Rapeseed in a contract for delivery in February fell 1.2% on the Paris Stock Exchange on Friday. and amounted to EUR 566.75/t (PLN 2,628/t) and were 25.1% lower than at this time last year. Over the past week, rapeseed has increased by 1.2 percent. Canadian canola shares rose 0.5% on Friday. and amounted to CAD 867.50/t, and decreased by 14.9% over the last year. On a weekly basis, canola rose by 0.5 percent. US soybeans rose 0.8% on Friday. and cost USD 543.43/t. In terms of y/y, the price of soybeans increased by 11.0 percent, while for the last week of trading the price decreased by 0.1 percent. Matif rape, February contract - the ...

Source: Farmer.pl