🌱 Rapeseed Extends Losses Amid Market Volatility
Rapeseed futures posted their third consecutive daily loss, signalling ongoing price pressure despite fundamental support from tightening supply forecasts.
📊 Market Overview – April 23, 2025
📍 Euronext Rapeseed Futures (MATIF)
📍 ICE Canola Futures (CAD/t)
📍 CBOT Soybeans (May 25)
🌍 Key Market Drivers
🇪🇺 Euronext Rapeseed: Focus Shifting to New Crop
- The May 25 contract, expiring in a week, is losing market relevance.
- The cash market saw a notable drop on Tuesday:
- Old crop down by over €10/t
- New crop down by €5–7/t
- Despite recent losses, prices remain attractive for sales of the 2024 crop volumes.
🇺🇸 CBOT Soybeans: Rebound Amid Trade Optimism
- Soybeans rebounded after Monday’s drop due to technical buying and a weaker US dollar.
- Hopes for easing trade tensions surged after President Trump hinted tariffs on China "would not be permanent".
- Treasury Secretary Scott Bessent reportedly suggested that tariffs are unsustainable long term.
🇨🇦 ICE Canola: Rebound from Monday’s Sell-Off
- Canola prices rebounded due to technical buying and tight old crop stocks.
- The wide price spread between old and new crop underlines the current tight supply.
🇲🇾 Palm Oil: First Gain After Six Sessions
- Malaysian palm oil ended a six-day slide on Tuesday with small gains.
- Stronger opening on Wednesday.
- Market sentiment remains cautious amid demand concerns and global macro uncertainty.
🌾 EU Rapeseed Crop Outlook (MARS Report, April)
🔄 Outlook & Positioning
- 🌍 Export traders are watching for signs of demand recovery from China.
- 📉 Speculative pressure is easing, with technical buying supporting Canola and Soybeans.
- 📈 Despite recent declines, rapeseed remains fundamentally supported by EU crop risks and Black Sea supply concerns.
