Downward correction of oil quotations on global markets

Published Mar 31, 2023

Tridge summary

The article reports a decrease in the prices of rapeseed, canola, and soybeans across various stock exchanges in Paris, Winnipeg, and Chicago. The year-over-year price drops were significant for rapeseed on Matif, falling 51.5%, canola in Winnipeg, down 32.6%, and US soybeans, which decreased by 11.4%. Despite the overall downward trend in these commodities, the chart analysis shows a mixed trend with some periods of uptrend and downtrend at different time horizons.

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

Original content

Rapeseed on Matif got the most cheap The price of rapeseed in a contract for delivery in May on the Paris Stock Exchange fell by 2.7 percent yesterday. and amounted to EUR 466.75/t (PLN 2,184/t) and were 51.5% lower than the year before. Canada's canola fell 0.7 percent on the Winnipeg Stock Exchange yesterday. and cost CAD 746.60/t, and over the last year the price dropped by 32.6 percent. US soybeans fell 0.2 percent yesterday. to USD 541.78/t. Over the last twelve months, the price of soybeans has fallen by 11.4 percent. Matif rape, May contract - the price fell by 2.66 percent. (EUR 466.75/t - PLN 2,184/t). The quotations of May rapeseed futures expressed in zlotys are presented in the chart below: In the following continuation chart of Matif rapeseed contracts, the long-term downtrend is dominant, the mid-term is down and the short-term is down. CBOT soybean, May contract - the price fell by 0.19%. (USD 541.78/t - PLN ...

Source: Farmer.pl