Slight changes in rapeseed prices on world markets

Published 2024년 12월 12일

Tridge summary

Rapeseed and palm oil prices are experiencing an increase due to reduced harvest expectations in the EU and Canada. Meanwhile, prices for soybeans and Canadian canola are also rising, albeit at different rates. The graph below shows the February rapeseed futures quotes expressed in zloty, with a long-term downtrend, a medium-term uptrend, and a short-term uptrend. Similarly, soybeans on the Chicago Board of Trade (CBOT) and canola on the Winnipeg Commodity Exchange (WCE) are also following a trend of long-term and medium-term downtrends with a short-term uptrend.

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

Original content

In recent days, there has been a strengthening of rapeseed prices, both European and Canadian. The reason is the falling harvest estimates of these seeds in the EU and Canada and the rising price of palm oil on the Malaysian stock exchange. Rapeseed on MATIF is slowly approaching a 2-year price maximum Rapeseed prices in a contract with delivery in February next year on the Paris stock exchange fell by 0.4 percent yesterday and amounted to EUR 534.50/t (PLN 2,280/t) and were 19.9 percent higher than a year ago. Soybean prices have been the weakest in recent weeks American soybean prices rose by 0.1 percent and cost USD 365.78/t. In year-on-year terms, the price of soybean fell by 25.5 percent. Canadian canola prices increased by 0.1 percent. and amounted to 622.10 CAD/t, and over the past year they have fallen by 7.6 percent. Matif rapeseed, February contract - the price fell by 0.37 percent. (534.50 euro/t - 2280 PLN/t). The chart below shows the February rapeseed futures quotes ...

Source: Farmer.pl