Rapeseed on MATIF is making up for losses
After a strong downward correction a week ago, rapeseed prices on world stock exchanges began to make up for losses last week. On the Paris stock exchange, the price approached PLN 2,100/t. (in three days it increased by over PLN 100/t). There is still less than PLN 90 missing from the recent local peak on July 8. Forecasts of lower seed production in the EU and Ukraine should support rapeseed prices in the coming weeks and months.
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Orlen is analyzing several dozen locations for the construction of biomethane plants
Prices of rapeseed in the August delivery contract on the Paris Stock Exchange fell by 0.2 percent on Friday. and amounted to EUR 486.50/t (PLN 2,089/t) and were 3.6% higher. higher than last year. Over the last week, the prices have increased by 2.5%.
Canola gained the most during the week
American soybeans fell 0.1% on Friday. and cost USD 403.16/t. On a y/y basis, the price of soybeans decreased by 26.6%, while for the week it decreased by 0.7%. Canadian canola prices fell by 0.5%. and amounted to 646.20 CAD/t, and over the last year they decreased by 23.3%. On a weekly basis, canola prices increased by 4.4%.
MATIF rapeseed, August contract – the price fell by 0.15% on Friday. (EUR 486.50/t – PLN 2,089/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 soybeans, August contract – the price fell by 0.11% on Friday. ($403.16/t – PLN 1,589/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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Orlen is analyzing several dozen locations for the construction of biomethane plants
Canola WCE, November contract – price decreased by 0.54%. (CAD 646.20/t – PLN 1,859/t).
In Winnipeg, canola is dominated by a long-term downward trend, a medium-term upward trend and a short-term upward trend.
