Last week, oil futures quotations on global stock exchanges ended with a price decline. Rapeseed on Matif fell the most – by 4.3%.
Oilseeds are still cheaper
There is still investor pressure to reduce the prices of oil contracts on global stock exchanges. Last week, all oil commodities presented below fell, and most of them reached new lows.
Currently, American soybeans are the cheapest since November 2020, Canadian canola has slightly recovered from a three-year low, while rapeseed listed on the Paris Stock Exchange has reached its lowest price since October 2023.
Rapeseed fell by more than 4% in one day.
Prices of rapeseed in the contract for delivery in May on the Paris Stock Exchange fell by 1.7 percent on Friday. and amounted to EUR 409.00/t (PLN 1,772/t) and were 26.6 percent lower than this time last year. Over the last week, the price of rapeseed has fallen by 4.3%.
Canadian canola prices increased by 0.4% on Friday. and amounted to 572.40 CAD/t, and over the last year they decreased by 31.40%. On a weekly basis, canola became cheaper by 0.9%. American soybeans fell 1.3% on Friday. and cost USD 416.30/t. On a y/y basis, the price of soybeans decreased by 26.2%, while in the last week of trading the price decreased by 3.3%.
Matif rapeseed, May contract – price dropped by 1.68%. (EUR 409.00/t – PLN 1,772/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 sideways.
CBOT soybeans, March contract – price decreased by 1.29%. ($416.30/t- PLN 1,667/t).
On the Chicago stock exchange, the soybean market is dominated by an upward trend – long-term, medium-term downward, short-term downward.
Canola WCE, March contract – price increased by 0.35%. (CAD 572.40/t – PLN 1,699/t).
In Winnipeg, canola is dominated by a long-term downtrend, a medium-term downtrend and a short-term downtrend.
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