The price of rapeseed on MATIF has increased
Rapeseed prices in the contract for November delivery on the Paris stock exchange rose yesterday by 0.9 percent and amounted to EUR 457.00/t (PLN 1,962/t) and were 0.9 percent lower than a year ago.
Soybeans at CBoT the cheapest in almost 4 years
U.S. soybeans fell 0.9% to $359.99/t. Year-on-year, soybeans fell 26.0%. The current soybean price is the lowest since September 9, 2020. Canadian canola rose 1.7% to CAD578.30/t, down 25.6% over the past year.
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Rapeseed has become even cheaper. Price August 14, 2024
Matif rapeseed, November contract – price increased by 0.94% (EUR 457.00/t – PLN 1,962/t).
The November rapeseed futures contracts quoted in Polish zloty are presented in the chart below:
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The following continuation chart of rapeseed futures listed on Matif shows a long-term downtrend, a medium-term uptrend and a short-term downtrend.
CBOT soybeans, August contract – price fell by 0.94 percent. (359.99 USD/t – 1,403 PLN/t).
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Russia is becoming a net exporter of food
On the Chicago Stock Exchange, a rising trend dominates for soybeans – the long-term trend is upward, the medium-term trend is upward, and the short-term trend is downward.
Canola WCE, November contract – price increased by 1.71% (587.10 CAD/t – 1,689 PLN/t).
In Winnipeg, canola is dominated by a long-term downtrend, a medium-term uptrend and a short-term uptrend.
