Rapeseed on MATIF cheapened for the third consecutive time
Rapeseed quotes for the contract for delivery next February on the Paris exchange fell by 0.8 percent. and amounted to 511.75 euros/ton ($2232/ton), 15.0 percent higher than a year ago.
Only soybeans on the CBoT became more expensive
U.S. soybeans rose 0.7 percent and cost $365.13/ton. On a y/y basis, the price of soybeans fell 25.1 percent. Canadian canola quotes fell 2.1 percent to CAD$617.10/ton, down 8.3 percent over the past year.
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Beginning November 2024 What soybean prices?
Matif rapeseed, February contract-price fell 0.82 percent (€511.75/ton-£2232/ton).
February rapeseed futures quotes expressed in PLN are shown in the chart below:
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Oil World forecasts another price increase for 2024/2025 season .
On the following continuation chart of Matif-listed rapeseed contracts, the long-term trend is down, the medium-term trend is up and the short-term trend is up.
CBOT soybeans, November contract-price rose 0.66 percent ($365.13/ton-£1462/ton).
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Arguing about the point of supporting small farms
On the Chicago soybean exchange, the long-term trend is down, the medium-term trend is down, the short-term trend is up.
Canola WCE, November contract-price down 2.09 percent (CAD 617.10/ton-£1,860/ton).
Canola WCE, November contract-price down 2.09 percent (CAD 617.10/ton-£1,860/ton).
In Winnipeg, a long-term downward trend, a medium-term downward trend and a short-term upward trend prevail on canola.
