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Karl Friedrich zu Melibokus

Apr 28, 2025

Rapeseed Futures Slip as Market Focus Shifts; Canola and Soybeans Mixed

Rapeseed Futures Slip as Market Focus Shifts; Canola and Soybeans Mixed

🌱 Rapeseed Futures Slip as Market Focus Shifts; Canola and Soybeans Mixed

The rapeseed market extended losses on the Euronext, while the broader oilseed complex remains volatile amid ongoing trade tensions and weather concerns in the U.S.




πŸ“Š Market Overview – Friday, April 25, 2025

πŸ“ Euronext Rapeseed Futures (MATIF)

πŸ“ ICE Canola Futures (CAD/t)

πŸ“ CBOT Soybeans (July 25)




🌍 Key Market Drivers

πŸ‡ͺπŸ‡Ί Euronext Rapeseed: Profit-Taking Ahead of Contract Expiry

  • Rapeseed futures extended losses on almost all contracts.
  • The August contract fell €5 on the week, closing at €470.50/t, a 1.4% weekly loss.
  • The front-month May contract held up better, losing only €0.25 to €515/t.

πŸ‡ΊπŸ‡Έ CBOT Soybeans: Trade Tensions Weighing

  • Soybeans and soybean oil closed weaker Friday; soybean meal recovered slightly.
  • Conflicting signals around the U.S.-China trade war:
    • President Trump insisted negotiations were ongoing.
    • Chinese authorities denied any talks.
    • U.S. soybeans were notably absent from China's tariff exemption list.

πŸ‡¨πŸ‡¦ ICE Canola: Strong Rebound for Old Crop

  • July Canola closed above 700 CAD/t, the highest since May 2024.
  • Market strength is driven by a sharp rally in old crop futures since mid-March, recovering losses from March’s China tariff announcement.
  • New crop remains under pressure amid concerns about future demand.

πŸ‡²πŸ‡Ύ Palm Oil: Ends Three-Week Losing Streak

  • Malaysian palm oil closed higher last Friday, supported by rising edible oil prices globally.
  • July contract ended up 22 MYR (+0.55%) at 4,058 MYR/t (928.60 USD/t).
  • Weak soybean oil prices and a stronger ringgit weighed on Monday morning trading.





πŸ“ˆ US Crop Progress and Export Outlook

  • 🌽 Corn planting progress:
    • 12% of U.S. corn planted as of April 20, ahead of 5-year average (10%).
  • 🌱 Soybean planting is expected to slow slightly due to rain in parts of the Midwest.
  • 🚒 USDA Export Inspections:
    • Corn exports last week totalled 1.702 Mt, down 7% w/w, but up 2.5% y/y.
    • Mexico was the largest destination (490,398 t).





πŸ”„ CFTC Commitment of Traders (April 15, 2025)

  • Fund managers increased net-long positions in soybeans.
  • Trade optimism and technical buying provided moderate support.





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