🌾 Rapeseed Market Slips Amid Soybean Weakness and Demand Concerns
Uncertainty over U.S.–China trade relations and soft global oilseed demand weighed on rapeseed futures in Paris and canola in Canada. A shift in China's feed strategy adds to bearish sentiment.
📊 Market Overview – April 29, 2025
📍 Euronext Rapeseed Futures (MATIF)
📍 ICE Canola Futures (CAD/t)
📍 CBOT Soybeans (July 25)
🌍 Key Market Drivers
🇺🇸 U.S. Soybeans: Trade Uncertainty and Bearish Sentiment
- Soybeans fell as traders remained cautious about U.S.–China trade tensions.
- Weak U.S. economic data (consumer confidence index at a 5-year low) added to demand worries.
- Fast planting progress and large South American crops further pressured the market.
🇨🇳 China's Strategic Shift: Lower Soymeal in Animal Feed
- China’s Ministry of Agriculture announced plans to reduce soymeal in livestock feed to ~10%.
- Grain inclusion will rise to ~60%.
- The goal is to reduce dependency on U.S. soybean imports.
🇨🇦 ICE Canola: Profit-Taking Hits Prices
- Canola fell sharply after recent highs.
- May contract closed down CAD 12.80 at 682.00.
- Lower soybean and palm oil prices added to the pressure.
🇪🇺 Euronext Rapeseed: Front Month Expires, August Slips
- The August contract dropped €6.75/t to €469.75/t.
- The May contract expires today.
- Weak soybean and palm oil markets pressured rapeseed.
🇲🇾 Palm Oil: 6-Day Losing Streak Continues
- Malaysian futures closed lower on Tuesday.
- Weighed down by a stronger ringgit, lower crude oil and soft global vegetable oil markets.
🇦🇷 Argentina: Dry Weather Favours Harvest, Farmers Hold Stocks
- Dry conditions are accelerating soybean harvest.
- But Argentine farmers are delaying sales, hoping for lower export taxes.
