📈 Rapeseed Market Overview

Amidst ongoing trade tensions and fluctuating global production forecasts, the rapeseed market has shown remarkable resilience. The European Union has seen a significant price recovery in old crop rapeseed futures, with May delivery in Paris surging 13.9% to USD 605 per tonne. This rebound is attributed to limited farmer sales and decreased import volumes. Conversely, new crop futures have seen modest gains due to anticipated higher production and reduced demand for biodiesel.

📊 Current Market Prices

📉 Market Drivers

• Trade tensions, particularly between Canada and China, continue to inject uncertainty.
• EU's lower demand for biodiesel impacts rapeseed oil prices.
• Global production outlooks are mixed, with potential increases in Australia but decreases in the UK and potentially Canada.

⛅ Weather Forecast and Its Impact

Current weather conditions in Canada are favorable for planting, with ample soil moisture. However, the ongoing trade disputes and tariff implementations could influence farmer decisions adversely, affecting the sowing and future supply levels.

📈 Global Production and Stock Levels

While EU and Australian yields may compensate for reductions elsewhere, the global production landscape for rapeseed remains uncertain. This uncertainty is likely to keep prices volatile in the near term.

🔮 Price Forecast

Over the next three days, rapeseed prices are expected to remain stable but cautious, reflecting the market's sensitivity to trade news and weather conditions.