Oilseed prices have gone up on world markets

Published Oct 28, 2024

Tridge summary

The article reports on the current trends and price changes in the market for rapeseed and soybeans, focusing on the November delivery contracts on the Paris, Chicago Board of Trade (CBOT), and Winnipeg Exchange (WCE). The Paris stock exchange saw a slight decrease in the rapeseed price but a significant year-on-year increase of 23.4%, reaching 507.75 euro/t. In contrast, American soybeans experienced a decline of 0.9% on the day but an increase of 1.8% over the week, with a year-on-year decrease of 23.3%. Canadian canola prices increased by 0.4% week-on-week, but have seen a year-on-year decrease of 5.4%. The article also discusses the long-term, medium-term, and short-term trends in the market, showing a mixed picture of downtrends and uptrends for different commodities and exchanges.

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

Original content

Rapeseed price remains above 500 euro/t The price of rapeseed in the November delivery contract on the Paris stock exchange fell by 0.1% on Friday and amounted to 507.75 euro/t (2210 PLN/t) and was 23.4% higher than a year ago. Over the past week, the price increased by 1.3%. Canola is the market leader last week American soybeans fell by 0.9% on Friday and cost 362.93 USD/t. Year-on-year, the price of soybeans fell by 23.3%, while over the week it increased by 1.8%. The price of Canadian canola increased by 0.4% and amounted to 641.4 CAD/t, and over the past year it fell by 5.4%. Week-on-week, canola prices increased by 4.1%. Matif rapeseed, November contract - the price fell by 0.15 percent on Friday (507.75 euro/t - 2210 PLN/t). The chart below shows the November rapeseed futures quotes expressed in złoty: The following chart of rapeseed contracts quoted on Matif shows a long-term downtrend, the medium-term is uptrend and the short-term is uptrend. CBOT soybeans, November ...

Source: Farmer.pl