Futures for rapeseed and canola started 2025 with an increase of 1.5-2.5%

The rise in oil prices over the past few sessions has led to a sharp speculative jump in rapeseed and canola prices after a decline in the last week of 2024.

In the first trading session of 2025 on the Paris stock exchange, February rapeseed futures rose by 2.5% to 524.25 €/t or $539/t (+1.9% for the month), recovering from the New Year’s Eve drop of 4.4%. They were supported by rising global oil prices, European gas prices and the euro depreciating against the dollar by 2.9% over the month to $1.028/€.

March futures for Brent crude oil rose by 3.8% to $75.9 per barrel in the last week of December (+3.8% for the month), and for WTI crude oil – by 4.2% to $72.5 per barrel on forecasts of a drop in temperature in the US in the next 10 days to -10..-20 ° C.

January futures for canola on the Winnipeg stock exchange yesterday rose by 1.5% to 625 CAD/t or $434/t (+4.3% for the month) amid active exports of canola from Canada. the depreciation of the Euro against the dollar reduces the price difference between Canadian canola and European canola to 100 $/t.

From September 1 to December 22, Canada exported 4.39 million tons of canola, which is 81% higher than last year and supports canola prices, despite the reduction in demand for rapeseed oil from U.S. processors caused by falling prices for soybean oil.

The canola and rapeseed markets will remain under speculative pressure from low supply until spring, when the new soybean crop in South America is known, which could significantly increase pressure on prices of all oilseeds.

Tags: prices, rapeseed