Rapeseed Market Update – Euronext Holds Steady, ICE Canola Rebounds

Rapeseed Market Update – Euronext Holds Steady, ICE Canola Rebounds

Rapeseed futures closed flat in Paris on Friday after several days of mixed sentiment. While the August contract remained unchanged at €488.50/t, Canadian canola showed mild gains, reflecting tight old crop stocks and steady planting momentum.

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📊 Rapeseed Futures – Euronext (23 May 2025)

Delivery Month	Last Price (€/t)	Change	Volume	Open Interest
Aug 2025	488.50	0.00	106	66,472
Nov 2025	492.25	0.00	30	34,851
Feb 2026	494.25	0.00	2	19,239

Market Observation:
– Low trade volumes hint at caution ahead of the weekend.
– Offers for old crop delivery stand firm, with bids around €483.25/t.
– No new directional momentum has emerged.

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🇨🇦 ICE Canola Futures (23 May 2025)

Contract	Price (CAD/t)	Change	Trend
Jul 25	720.80	+4.90	⬆️
Nov 25	688.30	+2.50	⬆️
Jan 26	694.20	+2.20	⬆️

Canola posted a modest rise after Thursday’s stability. The nearby contract remains supported by tight ending stocks. Forward values are well bid despite broader oilseed weakness.

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🔍 Key Market Drivers

• 🌦️ Europe: Wetter forecasts in northern France and Germany are easing earlier dryness concerns, but uncertainty remains ahead of flowering.
• 🇨🇦 Canada: Planting remains ahead of schedule in most prairie provinces; attention shifts to weather volatility in June.
• 🧾 Speculation: Net-long positions in rapeseed are holding near highs, suggesting continued optimism among funds.

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📉 Price Outlook (Next 3 Sessions)

Date	Price Range (€/t)	Trend
May 27	485 – 491	➡️ Neutral
May 28	482 – 489	⬇️ Slight pressure
May 29	480 – 487	⬇️ Risk of selling