Rapeseed Futures Slip as Market Focus Shifts; Canola and Soybeans Mixed

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🌱 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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