🌱 Rapeseed Futures Slip as Market Focus Shifts; Canola and Soybeans Mixed
The rapeseed market extended losses on the Euronext, while the broader oilseed complex remains volatile amid ongoing trade tensions and weather concerns in the U.S.
📊 Market Overview – Friday, April 25, 2025
📍 Euronext Rapeseed Futures (MATIF)
| Contract |
Price (€/t) |
Change (€/t) |
Trend |
| May 25 |
515.00 |
-4.25 |
⬇️ |
| Aug 25 |
468.50 |
-2.00 |
⬇️ |
| Nov 25 |
472.50 |
-1.75 |
⬇️ |
📍 ICE Canola Futures (CAD/t)
| Contract |
Price (CAD/t) |
Change (CAD) |
Trend |
| July 25 |
701.80 |
+4.40 |
⬆️ |
| Nov 25 |
660.40 |
+3.30 |
⬆️ |
📍 CBOT Soybeans (July 25)
| Price (ct/bu) |
EUR/t (approx) |
Change |
| 1,059.25 |
~342.50 EUR/t |
-2.75 |
🌍 Key Market Drivers
🇪🇺 Euronext Rapeseed: Profit-Taking Ahead of Contract Expiry
- Rapeseed futures extended losses on almost all contracts.
- The August contract fell €5 on the week, closing at €470.50/t, a 1.4% weekly loss.
- The front-month May contract held up better, losing only €0.25 to €515/t.
🇺🇸 CBOT Soybeans: Trade Tensions Weighing
- Soybeans and soybean oil closed weaker Friday; soybean meal recovered slightly.
- Conflicting signals around the U.S.-China trade war:
- President Trump insisted negotiations were ongoing.
- Chinese authorities denied any talks.
- U.S. soybeans were notably absent from China’s tariff exemption list.
🇨🇦 ICE Canola: Strong Rebound for Old Crop
- July Canola closed above 700 CAD/t, the highest since May 2024.
- Market strength is driven by a sharp rally in old crop futures since mid-March, recovering losses from March’s China tariff announcement.
- New crop remains under pressure amid concerns about future demand.
🇲🇾 Palm Oil: Ends Three-Week Losing Streak
- Malaysian palm oil closed higher last Friday, supported by rising edible oil prices globally.
- July contract ended up 22 MYR (+0.55%) at 4,058 MYR/t (928.60 USD/t).
- Weak soybean oil prices and a stronger ringgit weighed on Monday morning trading.
📈 US Crop Progress and Export Outlook
- 🌽 Corn planting progress:
- 12% of U.S. corn planted as of April 20, ahead of 5-year average (10%).
- 🌱 Soybean planting is expected to slow slightly due to rain in parts of the Midwest.
- 🚢 USDA Export Inspections:
- Corn exports last week totalled 1.702 Mt, down 7% w/w, but up 2.5% y/y.
- Mexico was the largest destination (490,398 t).
🔄 CFTC Commitment of Traders (April 15, 2025)
| Commodity |
Net Position |
Weekly Change |
| Soybeans |
+31,067 |
+4,898 |
- Fund managers increased net-long positions in soybeans.
- Trade optimism and technical buying provided moderate support.
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