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Another drop in oil prices on the stock exchanges

Kolejny spadek cen oleistych na giełdach

Another significant drop in rapeseed prices

Prices of rapeseed in the contract for delivery in August on the Paris Stock Exchange fell by 2.4 percent yesterday. and amounted to EUR 482.00/t (PLN 2,055/t) and were 7.7 percent higher than last year.

Overseas, oil prices have also become cheaper

American soybeans fell by 1.1%. and cost USD 426.77/t. On a y/y basis, the price of soybeans decreased by 23.0%. Canadian canola prices fell by 2.6%. and amounted to 603.10 CAD/t, and over the last year they decreased by 20.9%.

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Matif rapeseed, August contract – price dropped by 2.38%. (EUR 482.00/t – PLN 2,055/t).

The quotations of August 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 is up and the short-term is up.

CBOT soybean, July contract – price decreased by 1.09%. ($426.77/t- PLN 1,681/t).

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On the Chicago stock exchange, the soybean market is dominated by an upward trend – long-term, medium-term is upward, short-term is upward.

Canola WCE, July contract – price dropped by 2.60%. (CAD 603.10/t – PLN 1,742/t).

In Winnipeg, canola is dominated by a long-term downward trend, a medium-term upward trend and a short-term upward trend.

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