Yesterday’s quotations of oils on world stock exchanges ended mostly with a decline in prices. The only price increase for rapeseed on MATIF was 0.2%.
A new peak in rapeseed prices on MATIF
The beginning of a new week of oil prices on world stock exchanges brought a decline in soybean and canola prices. Rapeseed prices on MATIF defended themselves and, despite weak sessions overseas, they increased slightly and improved slightly over the eight-month price peak.
The price of rapeseed in the contract for delivery in May on the Paris Stock Exchange increased by 0.2%. and amounted to EUR 460.00/t (PLN 1,971/t) and were by 0.1%. lower than last year.
Falling oil prices overseas
Canadian canola prices fell by 2.3%. and amounted to 619.90 CAD/t, and over the last year they decreased by 19.9%. American soybeans fell by 1.3%. and cost USD 425.58/t. On a y/y basis, the price of soybeans decreased by 22.8%.
MATIF rapeseed, May contract – price increased by 0.22%. (EUR 460.00/t – PLN 1,971/t).
Quotations of May rapeseed futures contracts expressed in PLN are presented in the chart below:
In the continuation chart below of rapeseed contracts listed on Matif, the long-term downtrend dominates, the medium-term trend is downward and the short-term trend is up.
CBOT soybeans, May contract – price fell by 1.34%. ($425.58/t – PLN 1,691/t).
On the Chicago stock exchange, the soybean market is dominated by an upward trend – long-term, medium-term downward, short-term upward.
Canola WCE, May contract – price dropped by 2.33%. (CAD 619.90/t – PLN 1,814/t).
In Winnipeg, canola is dominated by a long-term downward trend, a medium-term downward trend and a short-term upward trend.
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