A slight drop in the price of rapeseed
Prices of rapeseed in the contract for delivery in August on the Paris Stock Exchange fell by 0.1 percent yesterday. and amounted to EUR 476.50/t (PLN 2,029/t) and were 8.4 percent higher than last year.
Soybean prices have symbolically increased
American soybean prices increased by 0.1%. and cost USD 419.8/t. On a y/y basis, the price of soybeans decreased by 23.2%. Canadian canola prices increased by 0.7%. and amounted to CAD 593.00/t, and over the last year they decreased by 25.6%.
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Short rapeseed pods and small seeds. This is also specific to this season
Matif rapeseed, August contract – price decreased by 0.10%. (EUR 476.50/t – PLN 2,029/t).
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 increased by 0.13%. ($419.88/t- PLN 1,648/t).
On the Chicago stock exchange, the soybean market is dominated by an upward trend – long-term, medium-term is upward, short-term is upward.
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Canola WCE, July contract – price increased by 0.73%. (CAD 588.70/t – PLN 1,708/t).
In Winnipeg, canola is dominated by a long-term downward trend, a medium-term upward trend and a short-term upward trend.
