Rapeseed Market Update – Euronext Holds Steady, ICE Canola Rebounds
Rapeseed futures closed flat in Paris on Friday after several days of mixed sentiment. While the August contract remained unchanged at €488.50/t, Canadian canola showed mild gains, reflecting tight old crop stocks and steady planting momentum.
📊 Rapeseed Futures – Euronext (23 May 2025)
Market Observation:– Low trade volumes hint at caution ahead of the weekend.– Offers for old crop delivery stand firm, with bids around €483.25/t.– No new directional momentum has emerged.
🇨🇦 ICE Canola Futures (23 May 2025)
Canola posted a modest rise after Thursday's stability. The nearby contract remains supported by tight ending stocks. Forward values are well bid despite broader oilseed weakness.
🔍 Key Market Drivers
- 🌦️ Europe: Wetter forecasts in northern France and Germany are easing earlier dryness concerns, but uncertainty remains ahead of flowering.
- 🇨🇦 Canada: Planting remains ahead of schedule in most prairie provinces; attention shifts to weather volatility in June.
- 🧾 Speculation: Net-long positions in rapeseed are holding near highs, suggesting continued optimism among funds.
📉 Price Outlook (Next 3 Sessions)
