Rapeseed and Canola Under Pressure While Soybeans Attempt a Recovery
📉 Rapeseed and Canola Under Pressure While Soybeans Attempt a Recovery
📍 Oilseed markets remain in flux, as rapeseed and canola futures struggle under trade uncertainty, while soybeans attempt a rebound amid shifting supply dynamics. Despite the ongoing volatility, traders are watching closely for new signals on demand and global trade policies.📊 1. Market Overview: Futures Prices & Trends
🌍 CBoT (Chicago Board of Trade) – Soybeans & Products
📉 Euronext (MATIF) – Rapeseed Futures
📌 ICECA (Winnipeg) – Canola Futures
🌍 2. Market Drivers & Influencing Factors
📌 Key Market Developments
- Trade Policies Continue to Reshape Supply Chains 🌍→ Shifts in global demand and supply adjustments are keeping markets on edge.→ Traders are closely monitoring how major exporters reposition their shipments.
- Soybean Markets React to Supply Adjustments 🚢→ Harvest progress and export figures continue to influence price action.→ Market participants are watching for signs of long-term demand shifts.
- Rapeseed and Canola Face Further Price Pressures 📉→ Weaker demand outlook and trade-related disruptions are adding to uncertainty.→ Volatility remains high, with no clear direction emerging yet.
⛅ 3. 14-Day Weather Forecast
🇦🇷 Argentina: Rainfall Supports Crop Outlook
📍 Current Conditions:→ Soil moisture improving, helping stabilize yield expectations.📆 14-Day Outlook:
- 🌡️ Temperatures: Moderate and stable.
- 🌧️ Rainfall: Expected to continue, supporting crop conditions.
- 🚨 Impact: Expected to help preserve yield potential and balance supply.
🔮 4. Price Forecast for the Next 3 Days
📉 Rapeseed (Euronext)
- Trend: Ongoing weakness due to market instability and shifting trade flows.
- Resistance Level: €485/t
- Support Level: €465/t
- 📊 Expected Range: €470 – €480/t
📉 Soybeans (CBoT)
- Trend: Market sentiment remains fragile despite slight price gains.
- Resistance Level: 1,015 ct/bu
- Support Level: 995 ct/bu
- 📊 Expected Range: 1,000 – 1,010 ct/bu
📉 5. Long-Term Market Data: Stocks & Production
🔍 6. Key Takeaways & Recommendations
📉 Market Insights:- Rapeseed and canola continue to struggle amid weak demand and shifting global trade.
- Soybeans attempt a rebound, but overall sentiment remains cautious.
- Market uncertainty remains high, with traders looking for clearer signals.
