Rapeseed prices in Ukraine remain at a high level, supported by forecasts of a decrease in soybean and sunflower harvests

Over the past week, stock market quotations for rapeseed, soybeans and soybean oil fell sharply, which led to a drop in purchase prices for rapeseed in Ukraine, although demand for it remains quite high.
August rapeseed futures on the Paris Stock Exchange remain under pressure from lower oil and soybean oil prices and are trading at €467.25/t or $509.5/t, in line with last month's level, although they have risen over the period and fell by 10%.
December soybean oil futures in Chicago fell 7.3% to $998/t since July 8, giving up the speculative gains of the previous two weeks, but still 3% above last month's reading.
September futures for Brent crude fell by 2.4% to $83.8/barrel over the same period, which is almost the same as the previous month.
November canola futures on the Winnipeg exchange fell 4.7% to CAD 621/t or $454/t during this time (-0.6% for the month).
In Ukraine, the purchase prices for rape with delivery to the Black Sea ports decreased by UAH 300-500/t during the week to UAH 21,700-22,200/t or $470-475/t, but producers are beginning to hold back sales, hoping for an increase in prices on forecasts of a decrease soybean and sunflower harvest due to abnormal heat.
Demand prices for rapeseed deliveries to the EU in July-August have also fallen by €10/t to €455-460/t, but truckload offers are very low thanks to competitive prices at Black Sea ports.
EU rapeseed oil prices continue to fall as supply increases, and are already lower than sunflower oil prices, which have been supported by possible crop reductions in Ukraine and the Russian Federation amid intense heat.