– Rapeseed prices fell again on Tuesday on the Euronext-Paris exchange under increasing pressure from the soybean complex. Soybean prices, already low, plummeted following the publication of the latest monthly USDA report, in which the forecast for the American and global harvest in the new season was raised to a new historical record. Strong selling pressure in the soybean complex translated into a weakening of corn futures prices on Tuesday (Chicago and Paris). The increase in the forecast for the canola harvest in Canada and the improved competitiveness of this origin on the EU market are also putting pressure on prices. Palm oil also fell to its lowest level since early January on the Kuala Lumpur exchange on Tuesday in response to the sharp slowdown in Malaysian exports since early August. At the close of the bag session, rapeseed for delivery in November cost just under EUR 453/t, after a drop of EUR 7.25 – informs Andrzej Bąk from eWGT.
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New USDA Report: Global Oilseed Production Forecast Increases, Particularly Soybeans and Rapeseed
Prices collected by the National Association of Rapeseed and Protein Crop Producers are basically for standard technological rapeseed – moisture 9%, impurities 2%, oiliness 40%. Surcharge/deduction for moisture and impurities; only deduction for oiliness below 40%; *- German conditions.
Daily purchase prices of rapeseed at processing plants (August 14, 2024 in PLN/t net)
- ADM Czernin – 1925 (1875*),
- ADM Szamotuły – 1935 (1885*),
- Agrolok Osiek (Ujście) – 1900 (1910),
- Bielmar – 1925,
- Bunge (Kruszwica, Brzeg) – 1890 (1855*),
- Wilmar Group – 1920,
- Komagra (Kosów Lacki) – 1860,
- Komagra (own magazines) – 1925,
- Komagra (Tychy) – 1925,
- Mosso (Radziejowice) – 1920,
- Mosso (Siedliszcze) – 1920,
- ZT Bodaczów – Viterra – 1940 (1865*).
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Record rapeseed harvest worldwide. Did this data affect prices?
Daily purchase prices of rapeseed at intermediary companies (August 14, 2024 in PLN/t net)
- Agrii – 1820-1900 (1800-1820*),
- Agro-Mat – 1950,
- Agro AS – 1950 (1910*),
- Agro-Network – 1900,
- Chemirol – 1920 (1880*),
- Lechpol Szubin – 1850,
- Pol-Tor – 1950,
- Procam – 1965,
- Osadkowski – 1970,
- Grain-Pol – 1860/1900.
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Who is already sowing rapeseed? Sowing has started in Poland
