Rapeseed Market Slips Amid Soybean Weakness and Demand Concerns

🌾 Rapeseed Market Slips Amid Soybean Weakness and Demand Concerns

Uncertainty over U.S.–China trade relations and soft global oilseed demand weighed on rapeseed futures in Paris and canola in Canada. A shift in China’s feed strategy adds to bearish sentiment.

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📊 Market Overview – April 29, 2025

📍 Euronext Rapeseed Futures (MATIF)

Contract	Price (€/t)	Change	Trend
May 25	479.25	0.00	➡️
Aug 25	469.75	-6.75	⬇️
Nov 25	474.00	0.00	➡️

📍 ICE Canola Futures (CAD/t)

Contract	Price (CAD/t)	Change	Trend
May 25	682.00	-12.80	⬇️
Jul 25	687.00	-9.40	⬇️
Nov 25	650.40	-10.50	⬇️

📍 CBOT Soybeans (July 25)

Price (ct/bu)	EUR/t (approx)	Change
1,052.75	~340 EUR/t	-9.75

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🌍 Key Market Drivers

🇺🇸 U.S. Soybeans: Trade Uncertainty and Bearish Sentiment

• Soybeans fell as traders remained cautious about U.S.–China trade tensions.
• Weak U.S. economic data (consumer confidence index at a 5-year low) added to demand worries.
• Fast planting progress and large South American crops further pressured the market.

🇨🇳 China’s Strategic Shift: Lower Soymeal in Animal Feed

• China’s Ministry of Agriculture announced plans to reduce soymeal in livestock feed to ~10%.
• Grain inclusion will rise to ~60%.
• The goal is to reduce dependency on U.S. soybean imports.

🇨🇦 ICE Canola: Profit-Taking Hits Prices

• Canola fell sharply after recent highs.
• May contract closed down CAD 12.80 at 682.00.
• Lower soybean and palm oil prices added to the pressure.

🇪🇺 Euronext Rapeseed: Front Month Expires, August Slips

• The August contract dropped €6.75/t to €469.75/t.
• The May contract expires today.
• Weak soybean and palm oil markets pressured rapeseed.

🇲🇾 Palm Oil: 6-Day Losing Streak Continues

• Malaysian futures closed lower on Tuesday.
• Weighed down by a stronger ringgit, lower crude oil and soft global vegetable oil markets.

🇦🇷 Argentina: Dry Weather Favours Harvest, Farmers Hold Stocks

• Dry conditions are accelerating soybean harvest.
• But Argentine farmers are delaying sales, hoping for lower export taxes.