Yesterday’s oil prices on world stock exchanges ended with a decline in prices. Rapeseed on Matif decreased by 2.3%.
The biggest decline in rapeseed prices was on Matif
The price of rapeseed in the contract for delivery in May on the Paris Stock Exchange fell by 2.3%. and amounted to EUR 441.50/t (PLN 1,905/t) and were by 1.2%.
Canadian canola prices fell by 1.8%. and amounted to CAD 627.20/t, and over the last year they decreased by 18.5%. American soybeans fell by 0.5%. and cost USD 438.16/t. On a y/y basis, the price of soybeans decreased by 18.8%.
Matif rapeseed, May contract – price dropped by 2.32%. (EUR 441.50/t – PLN 1,905/t).
A large drop in the price of rapeseed, but rather corrective
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 0.54%. ($438.16/t- PLN 1,746/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 1.77%. (CAD 627.20/t – PLN 1,839/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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