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Home » Increase in oil prices on world stock exchanges

Increase in oil prices on world stock exchanges

March 6, 20242 Mins Read Farm Management
Increase in oil prices on world stock exchanges
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Increase in oil prices on world stock exchanges

Yesterday’s oil prices on global markets ended with an increase in prices. The price of rapeseed on MATIF increased by 0.9%.

Rapeseed on Matif gained almost one percent.

The price of rapeseed in the contract for delivery in May on the Paris Stock Exchange increased by 0.9%. and amounted to EUR 417.25/t (PLN 1,803/t) and were 21.0 percent lower than this time last year.

Oil prices overseas also increased

Canadian canola prices increased by 0.9%. and amounted to 579.6 CAD/t, and over the last year they decreased by 31.6%. American soybean prices increased by 0.3%. and cost USD 421.44/t. On a y/y basis, the price of soybeans decreased by 25.1%.

MATIF rapeseed, May contract – price increased by 0.91%. (EUR 417.25/t – PLN 1,803/t).

Quotations of May rapeseed futures contracts expressed in PLN are presented in the chart below:

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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 increased by 0.35%. ($421.44/t – PLN 1,678/t).

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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 0.91%. (CAD 579.60/t – PLN 1,702/t).

In Winnipeg, canola is dominated by a long-term downtrend, a medium-term downtrend and a short-term downtrend.

– .

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