Rapeseed price drops on MATIF
Rapeseed prices in the November delivery contract on the Paris stock exchange fell by 2.2 percent on Friday to EUR 453.50/t (PLN 1,938/t), which was 1.4 percent higher than a year ago. Over the past week, prices fell by 2.4 percent.
Oil prices overseas have also fallen
American soybeans fell 1.3% on Friday to $344.93/t. Year-on-year, soybeans fell 29.8%, while for the week they fell 5.1%. Canadian canola fell 2.4% to $564.10/t, while for the past year they have fallen 29.1%. Week-on-week, canola fell 4.7%.
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Matif rapeseed, November contract – the price on Friday fell by 2.16 percent (EUR 453.50/t – PLN 1,938/t).
The November rapeseed futures contracts quoted in Polish zloty are presented in the chart below:
The following continuation chart of rapeseed futures listed on Matif shows a long-term downtrend, a medium-term uptrend and a short-term uptrend.
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US Oil Prices Fall, Fourth Session in Last 5 Days
CBOT soybeans, September contract – the price fell by 1.34 percent on Friday (344.93 USD/t – 1,342 PLN/t).
On the Chicago Stock Exchange, a downward trend dominates for soybeans – the long-term is down, the medium-term is down, and the short-term is down.
Canola WCE, November contract – price fell by 2.37 percent (564.10 CAD/t – 1,600 PLN/t).
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In Winnipeg, canola is in a long-term downtrend, a medium-term downtrend, and a short-term downtrend.
