Speculative drop in rapeseed prices in Paris reached 4%

Friday's 3.7% drop in oil prices and a "black Monday" in global stock markets led to speculative declines in canola quotes on the Paris stock exchange, despite steady US canola and soybean prices.
November rapeseed futures on the Paris exchange fell 4% yesterday to the lowest level since the end of April at €458.75/t or $497/t (-13.4% on the month), although they reached a record 514 a month ago. 5 €/t against the background of the deterioration of the rapeseed balance in the EU in 2024/25 MR.
November canola futures on the Winnipeg exchange yesterday remained flat at CAD610/t or $441/t (-7% for the month) as warm and dry weather in the prairies will help canola pour. The precipitation needed now is not yet forecast, so the quotations will not fall significantly until the prospects for the future harvest become clear.
September soybean oil futures in Chicago fell another 5.6% for the week to the lowest level since the end of 2020 at $903/t (-18.8% for the month).
Yesterday, exporters in Ukraine lowered the purchase prices for rapeseed by UAH 500-700/t to UAH 21,900-22,300/t with delivery to Black Sea ports, and some stopped purchases altogether.
Rape quotes will recover as global markets increase speculative capital out of equities as the EU rape balance sheet remains tight this season.
October Brent oil futures on the ICE Futures exchange in London fell 4.2% to $76.4/bbl in two sessions (-11.2% for the month), but rose to $77.2 at the end of trading yesterday /barrel on news that Iran is preparing to attack Israel in the near future. We will remind that Iran and the Russian Federation are most interested in the escalation in the Middle East, which will lead to an increase in oil prices and allow to obtain surplus profits for the continuation of military operations.