🌱 Oilseeds Market Under Pressure: Rape and Soy Weaken After Easter
Rape futures declined further after the long weekend, as oilseed markets remained weighed down by global economic concerns, soft energy prices, and limited export demand.
📊 Market Overview (April 22, 2025)
📌 Euronext Rapeseed Futures (MATIF)
| Contract |
Closing Price (€/t) |
Daily Change |
Weekly Change |
| May 25 |
526.25 |
-8.75 |
-8.75 |
| Aug 25 |
470.25 |
-6.75 |
-6.75 |
| Nov 25 |
473.25 |
-6.25 |
-6.25 |
📌 ICE Canola Futures (CAD/t)
| Contract |
Closing Price (CAD/t) |
Daily Change |
Weekly Change |
| July 25 |
680.30 |
+14.90 |
+14.90 |
| Nov 25 |
651.30 |
+7.90 |
+7.90 |
📌 CBOT Soybeans – July 25
| Closing Price (ct/bu) |
EUR/t (approx) |
Daily Change |
| 1,041.5 |
~332 |
-6.25 |
🌍 Key Drivers & Developments
📉 Weak Start After Easter
- Rapeseed dropped further on Monday after pre-holiday losses last Thursday.
- The German physical market saw spot prices fall back to early-April levels:
- Old crop: 532–538 €/t (ex mill)
- New crop: 473–481 €/t
🌧️ US Weather & Soybean Planting
- 8% of US soybean acreage planted (vs. 5-year avg. of 5%)
- Vaisala forecast: persistent wet weather across much of the Midwest and Delta region → planting delays expected
🚢 USDA Export Inspections (Week ending April 17)
- Total soybeans shipped: 550,924 t
- Down 0.7% vs. the previous week
- Up +24% vs. same week last year
- Top buyers: Egypt (173,272 t), Mexico (101,074 t), China (67,785 t)
- Cumulative 2024/25 season exports: 42.67 million t (+11% YoY)
💹 CFTC Positioning (as of April 15)
- Net short positions in soybeans cut from 76,616 to 26,169 contracts
🌴 Palm Oil & Crude Oil Weakness
- Malaysian palm oil fell for the 6th straight session
- Brent & WTI crude fell again Monday; losses since last Thursday total ~20%
- Global economic concerns continue to weigh on commodities
🔮 3-Day Price Forecast
| Product |
Trend |
Expected Range |
| Rapeseed (May, Euronext) |
↘️ Likely softer |
520 – 527 €/t |
| Canola (July, ICE) |
↗️ Supportive |
680 – 690 CAD/t |
| Soybeans (July, CBOT) |
↘️ Vulnerable |
1,030 – 1,045 ct/bu |
📦 USDA Export Commitments – Snapshot
| Period |
Soybean Commitments |
Year-over-Year Change |
| 2024/25 (as of Apr 17) |
42.67 million t |
+11% vs. 2023/24 |
