Yesterday’s oil prices on world stock exchanges ended with a decline in prices. Rapeseed on MATIF decreased by 1.5%.
Due to the pressure of falling soybean and canola prices, rapeseed also fell in price on the Paris stock exchange yesterday (after reaching the highest price since the beginning of September last year the day before yesterday).
The correction in crude oil stopped the increase in oil prices
The slowdown in the growth of oil prices on global stock exchanges (there has been a correction at the price levels of October last year for over a week) does not encourage the purchase of oil contracts, especially since there is currently no significant fundamental data that could significantly influence investor behavior.
Rapeseed lost the most on MATIF
Prices of rapeseed in the contract for delivery in May on the Paris Stock Exchange fell by 1.5%. and amounted to EUR 453.00/t (PLN 1,941/t) and were by 0.8%. higher than last year.
Canadian canola prices fell by 1.2%. and amounted to 612.50 CAD/t, and over the last year they decreased by 21.7%. American soybeans fell by 1.1%. and cost USD 420.71/t. On a y/y basis, the price of soybeans decreased by 24.5%.
MATIF rapeseed, May contract – price decreased by 1.52%. (EUR 453.00/t – PLN 1,941/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 1.14%. ($420.71/t – PLN 1,692/t).
On the Chicago stock exchange, the soybean market is dominated by an upward trend – long-term, medium-term is down, short-term is upward.
Canola WCE, May contract – price decreased by 1.19%. (CAD 612.50/t – PLN 1,793/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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