Euronext Rapeseed Market Holds Steady Amid Global Oilseed Pressures

Rapeseed Market Summary – January 16, 2025

The rapeseed market at Euronext (MATIF) experienced a calm trading session on Wednesday, with most contracts showing no significant price changes. Here’s a summary of the market activity:

Key Contracts

• February 2025:
  • Closing Price: 525.25 EUR/t (unchanged).
  • Volume: 1 contract traded.
  • Bid/Ask Spread: 523.50 / 527.00 EUR/t.
  • Open Interest: 15,008 contracts.
• May 2025:
  • Closing Price: 524.50 EUR/t (unchanged).
  • Volume: 5 contracts traded.
  • Bid/Ask Spread: 522.00 / 519.75 EUR/t.
  • Open Interest: 95,757 contracts.
• August 2025:
  • Closing Price: 480.50 EUR/t (unchanged).
  • Volume: 5 contracts traded.
  • Bid/Ask Spread: 481.00 / 489.75 EUR/t.
  • Open Interest: 22,465 contracts.

Market Analysis

• Steady Prices: The lack of price movement reflects the current stability in the European rapeseed market, with traders waiting for fresh news to influence direction.
• Canola Influence: Weakness in Canadian Canola prices, driven by concerns over U.S. biofuel policies, remains a potential downward pressure on European rapeseed.
• Demand-Side Considerations: Strong domestic demand for biodiesel in Europe continues to provide a supportive base for prices, though competitive pressures from alternative oilseeds persist.

Looking Ahead

Market participants will closely monitor:

1. USDA Export Data: Expected later this week, providing insights into global oilseed trade.
2. South American Weather Updates: Key for soybean and rapeseed production prospects.
3. Policy Developments: U.S. biofuel regulations could further impact trade flows and market sentiment.

With stable prices and cautious trading, the market awaits external developments to shape its next moves.

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