🌾 Rapeseed Slides Again Despite Strong Canola Rally in Canada
Rapeseed futures in Paris gave up gains from earlier in the week, despite a strong performance in Canadian canola contracts on tightening inventory expectations.
📊 Market Overview – May 8, 2025
📍 Euronext Rapeseed Futures (MATIF)
📍 ICE Canola Futures (CAD/t)
🌍 Key Market Drivers
- Fund Liquidation in ParisManaged money funds reduced their net-long positions in rapeseed futures and options from 24,490 to 19,638 contracts, triggering profit-taking.
- Weak Vegetable Oil ComplexContinued pressure from declining soyoil and palm oil prices weighed on European rapeseed markets.
- Tighter Canadian Stocks ExpectedAnticipation of today’s Statistics Canada report boosted ICE canola prices. Analysts expect March 31 canola stocks to be around 6.09 million tons, significantly lower than the 9.58 million tons a year ago.
- Decoupling from Canola GainsDespite solid increases in Canadian canola, Euronext rapeseed lagged, reflecting weaker local fundamentals or technical resistance levels.
📈 Chart – Rapeseed vs. Canola Futures (08 May 2025)
The chart above compares key futures contracts for rapeseed (Euronext, €/t) and canola (ICE, CAD/t). While
ICE Canola rallied sharply across all maturities,
Euronext Rapeseed moved sideways to lower, highlighting a regional divergence in price dynamics.
