Last week, oil futures quotations on global stock exchanges ended with a price decline. Rapeseed on MATIF lost 2.3%.
Correction of oil prices
After about a month of increases in oil prices, a downward correction occurred last, shorter week (the stock exchanges were closed on Good Friday).
Prices of rapeseed in the contract for delivery in May on the Paris Stock Exchange fell by 0.8% on Thursday. and amounted to EUR 438.00/t (PLN 1,892/t) and were 2.3% higher. lower than this time last year. Over the last week, the price of rapeseed has fallen by 2.3%.
Soybeans lost the least amount during the week
Canadian canola prices fell by 0.1% on Thursday. and amounted to 626.40 CAD/t, and over the last year they decreased by 18.1%. On a weekly basis, canola became cheaper by 1.3%. American soybeans fell 0.1% on Thursday. and cost USD 437.79/t. On a y/y basis, the price of soybeans decreased by 19.3%, while in the last week of trading the price decreased by 0.1%.
MATIF rapeseed, May contract – price decreased by 0.79%. (EUR 438.00/t – PLN 1,892/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 decreased by 0.08%. ($437.79/t – PLN 1,755/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 decreased by 0.13%. (CAD 626.40/t – PLN 1,845/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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