Rapeseed futures in Paris after speculative growth fell by 5% at once

As we predicted, the speculative rise in rapeseed prices in Paris was very rapid and not based on fundamentals, so February futures fell by 5% on Monday.

The 8% drop in soybeans and soybean oil in Chicago and palm oil in Malaysia since the beginning of the week also put pressure on the rapeseed and rapeseed oil market.

On the stock exchange in Paris, the February futures for rapeseed yesterday fell by 3.2% to 520,75 €/t or 540,5 $/t (-5% since the beginning of the week, -4.3% for the month), and the may futures on Monday fell by 4.7% to 506,75 €/t (-5.7% for the month).

According to the European Commission, in 2024/25 MY (as of December 16), the EU countries increased the imports of rapeseed by 3% to 2.7 mln tonnes compared to the same period of the previous season, of which 1.9 mln tonnes were supplied from Ukraine, 500 thsd tonnes – from Australia and 100 thsd tonnes – from Canada. The main importers were Belgium (918 thousand tons), the Netherlands (706 thousand tons), and Germany (527 thousand tons).

the January futures for canola on the Winnipeg stock exchange on Monday fell by 4.3% to 588 CAD/t or 407 $/t (-7.1% for the month) amid provocative statements by trump that Canada should become the 51st state of the United States, otherwise will be imposed high duties on its goods.

the Canadian dollar against the U.S. dollar for the month fell by 3%, which increased the difference in dollar price between Canadian canola and European rapeseed to 130 $/t.

In Ukraine, the purchase prices for rapeseed following the world quotations decreased to 525-530 USD/t or 24500-25000 UAH/t with delivery to the Black Sea ports, but the number of traders who continue to purchase has significantly decreased.

Tags: Ukraine, prices, rapeseed