A good run of rapeseed prices
Rapeseed prices on the Paris Stock Exchange have been on a good streak in recent days, with the price approaching EUR 500/t this afternoon, while yesterday they exceeded EUR 490/t. After Monday's holiday break, yesterday the price of Canadian rapeseed increased by as much as 4%.
The prices of rapeseed in the contract for delivery in August on the Paris Stock Exchange increased by 1.1 percent yesterday. and amounted to EUR 492.75/t (PLN 2,133/t) and were 14.5 percent higher than last year.
Canadian canola 'catching up'
American soybean prices increased by 0.5%. and cost USD 428.06/t. On a y/y basis, the price of soybeans decreased by 25.4%. Canadian canola prices increased by 4.0%. and amounted to 621.9 CAD/t, and over the last year they decreased by 16.7%.
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This year's rapeseed harvest is expected to be lower than last year
Matif rapeseed, August contract – price increased by 1.08%. (EUR 492.75/t – PLN 2,133/t).
Quotations of August rapeseed futures contracts expressed in PLN are presented in the chart below:
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Rapeseed is just waiting for the weather
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 0.47%. ($428.06/t- PLN 1,728/t).
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How much does rapeseed seed cost? How many units to order?
On the Chicago stock exchange, the soybean market is dominated by an upward trend – long-term, medium-term is upward, short-term is upward.
Canola WCE, July contract – price increased by 4.01%. (CAD 621.90/t – PLN 1,829/t).
In Winnipeg, canola is dominated by a long-term downward trend, a medium-term upward trend and a short-term upward trend.
