Slight changes in rapeseed prices on world markets

Published 2024년 11월 5일

Tridge summary

Oilseed prices are experiencing stagnation with limited price fluctuations in the most recent session. Despite a surge in global oil prices, rapeseed prices remain unresponsive. The presidential election outcomes in the USA could influence American soybean prices. The Paris stock exchange witnessed a slight fall in rapeseed prices by 0.2%, making it 18.4% higher than last year. Meanwhile, American soybean prices saw a slight increase of 0.5%, but this represents a year-on-year decrease of 24.3%. Canadian canola prices also declined by 0.1%, showing a year-on-year decrease of 5.0%. The graphical representation of the futures quotes for rapeseed and soybeans demonstrates a mixed trend, with both experiencing long-term downtrends, medium-term uptrends, and short-term uptrends.

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

Original content

Oilseed prices are waiting for a new momentum Oilseed prices at yesterday's session ended with not very large price changes. Oil on world markets rose again significantly, but this did not translate into rapeseed prices. The result of today's presidential elections in the USA may be important for the prices of American soybeans (indirectly rapeseed). Rapeseed prices in the contract for delivery in February next year on the Paris stock exchange fell by 0.2 percent and amounted to EUR 516.00/t (PLN 2,242/t) and were 18.4 percent higher than a year ago. Only soybean prices went up American soybean prices went up by 0.5 percent and cost USD 362.75/t. In year-on-year terms, the price of soybean fell by 24.3 percent. Canadian canola prices fell by 0.1 percent. and amounted to 630.30 CAD/t, and over the past year they have fallen by 5.0 percent. Matif rapeseed, February contract - the price fell by 0.19 percent. (516.00 euro/t - 2242 PLN/t). The chart below shows the February rapeseed ...

Source: Farmer.pl