The price of rapeseed on the stock exchange in Paris at the end of the season exceeded 500 €/t

2021-03-03 12:29:56
Machine translation
The price of rapeseed on the stock exchange in Paris at the end of the season exceeded 500 €/t

Following the rapid growth of the world prices for soybeans and sunflowers, may futures rapeseed and canola on the stock exchanges of the USA and Europe has reached record highs, while quotes for the new crop are still low.

 

Over the last 2.5 months, the price of oilseeds increased by 20-35% due to low demand from China and the problems with the export to South America, caused by the first strike in Argentina, and then harvesting in Brazil.

 

the May soybean futures on the Chicago CBOT for 3 months increased by 20% to 518 $/t, while may futures on canadian canola 35% to 755 CAD/t or 598 $/t

 

Over the same period, may futures on rapeseed in Paris MATIF rose by 25% from 400 €/t to 502,5 €/t or 605 $/t, while the sunflower in Ukraine has risen by 35% from 18000 UAH/t to 25000 UAH/ton or $750/ton without VAT.

 

the Rapid increase in prices leads to reduced sales by manufacturers on all continents. At the same time, processors increase the amount of processing to realize more products at high prices, in the near future will lead to a slight shortage of supply on the world market.

 

due to continuous rains in Brazil soybeans collected only 25% of the area compared to 40% a year ago, resulting in the export of soybeans in February decreased compared to the corresponding period increased by 67% to 2.9 million tons.

 

the Volume of processed canola in Canada in January amounted to 916 thousand tons (7% more than in January 2020), and for 6 months 2020/21 MG reached a record of 5.29 million tonnes, which is 4% higher than last season.

 

According to the European Commission, imports of soybeans to the EU increased in comparison with the similar period of last year by 2% to 9.5 million tonnes, while imports of rapeseed decreased by 2.5% to 4.3 million tons.

 

it Should be noted that the quotes oilseeds new crop traded at much lower levels:

  • the November soybean futures in Chicago – 450 $/t,
  • August futures on rapeseed MATIF – on 426,76 €/t or 514 $/t,
  • the November futures on canadian canola – 602 CAD/t or 477 $/t

And in Ukraine for sunflower with delivery in October of forward contracts offer 500 $/t

 

Analysts expect that as a result of high prices for oilseeds farmers will dramatically increase the acreage of soybeans in the United States, in Canada, canola and sunflower in Ukraine and Russia, which will significantly increase the volume of the world market in the new season. At the end of this season will increase the supply of old crops, especially soybeans from South America, where delayed harvest. Under pressure of these factors, in may, prices can be significantly reduced.

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