🌱 Rapeseed Extends Losses Amid Market Volatility
Rapeseed futures posted their third consecutive daily loss, signalling ongoing price pressure despite fundamental support from tightening supply forecasts.
📊 Market Overview – April 23, 2025
📍 Euronext Rapeseed Futures (MATIF)
| Contract |
Price (€/t) |
Change (€/t) |
Trend |
| May 25 |
515.25 |
-8.75 |
⬇️ |
| Aug 25 |
470.75 |
-6.75 |
⬇️ |
| Nov 25 |
474.00 |
-6.25 |
⬇️ |
📍 ICE Canola Futures (CAD/t)
| Contract |
Price (CAD/t) |
Change (CAD) |
Trend |
| July 25 |
682.30 |
+2.80 |
⬆️ |
| Nov 25 |
652.90 |
+2.40 |
⬆️ |
📍 CBOT Soybeans (May 25)
| Price (ct/bu) |
EUR/t (approx) |
Change |
| 1,035.00 |
~337 EUR/t |
+5.50 |
🌍 Key Market Drivers
🇪🇺 Euronext Rapeseed: Focus Shifting to New Crop
- The May 25 contract, expiring in a week, is losing market relevance.
- The cash market saw a notable drop on Tuesday:
- Old crop down by over €10/t
- New crop down by €5–7/t
- Despite recent losses, prices remain attractive for sales of the 2024 crop volumes.
🇺🇸 CBOT Soybeans: Rebound Amid Trade Optimism
- Soybeans rebounded after Monday’s drop due to technical buying and a weaker US dollar.
- Hopes for easing trade tensions surged after President Trump hinted tariffs on China “would not be permanent”.
- Treasury Secretary Scott Bessent reportedly suggested that tariffs are unsustainable long term.
🇨🇦 ICE Canola: Rebound from Monday’s Sell-Off
- Canola prices rebounded due to technical buying and tight old crop stocks.
- The wide price spread between old and new crop underlines the current tight supply.
🇲🇾 Palm Oil: First Gain After Six Sessions
- Malaysian palm oil ended a six-day slide on Tuesday with small gains.
- Stronger opening on Wednesday.
- Market sentiment remains cautious amid demand concerns and global macro uncertainty.
🌾 EU Rapeseed Crop Outlook (MARS Report, April)
| Region |
Yield (t/ha) |
Change YoY |
5-Yr Avg |
| EU-27 Avg |
3.20 |
+9% |
+1% |
| Germany |
3.67 |
+10% |
+2% |
| Spain, Hungary, Romania |
Revised upward |
|
|
| France |
3.22 |
-2% |
|
| Italy |
Cut forecast |
|
|
🔄 Outlook & Positioning
- 🌍 Export traders are watching for signs of demand recovery from China.
- 📉 Speculative pressure is easing, with technical buying supporting Canola and Soybeans.
- 📈 Despite recent declines, rapeseed remains fundamentally supported by EU crop risks and Black Sea supply concerns.
