Yesterday’s quotations of oilseeds on global markets ended mostly with price increases. The price of rapeseed on MATIF increased by 1.8%.
Rapeseed on MATIF is becoming more expensive
It seems that rapeseed prices on the Paris stock exchange are having their worst days. The price has been rising for three weeks and is currently the highest since the end of January this year. Strategie Grains forecasts that the rapeseed harvest in the EU will be 8% lower in the coming season.
The price of rapeseed in the contract for delivery in May on the Paris Stock Exchange increased by 1.8%. and amounted to EUR 430.75/t (PLN 1,849/t) and were 17.1% higher. lower than this time last year.
Canola is the most expensive in 1.5 months
Canadian canola prices increased by 1.0%. and amounted to CAD 605.50/t, and over the last year they decreased by 23.3%. American soybeans fell by 0.5%. and cost USD 428.06/t. On a y/y basis, the price of soybeans decreased by 23.0%.
MATIF rapeseed, May contract – price increased by 1.77%. (EUR 430.75/t – PLN 1,849/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 0.47%. ($428.06/t – PLN 1,681/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 1.02%. (CAD 605.50/t – PLN 1,765/t).
In Winnipeg, canola is dominated by a long-term downtrend, a medium-term downtrend and a short-term downtrend.
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