🌾 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.
📊 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 |
🌍 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.