THE prix of rapeseed continued their retreat on Euronext between November 13 and 14, and this drop was reflected in the walk French physics. The strong losses of other markets oilseed continue to weigh on prices, despite the decline ineuro compared to the dollar United States, a positive element for exports European.
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To UNITED STATESthe prices of crabof the seed and theoil of military collapsed. The market is still digesting the nhttps://www.reussir.fr/ladepeche/colza omination by Donald Trump of a president of the United States Environmental Agency unfavorable to biofuels. This could impact demand for soybean oil. The rise of the dollar against competing currencies also penalizes American origin, even if a new exceptional sale was reported by theUSDA. The report of the National Association of Crushers (Nope), to be released today, is also eagerly awaited.
On the side ofSouth AmericaBrazilian production was revised slightly upwards by the Conab. Chinese demand for soybean meal is expected to maintain or even increase, according to the FAS-USDA, with increasing integration in the soybean sector.breeding.
The courses of canola Canadian prices also declined in Winnipeg, in the wake of rapeseed. The market is worried about a possible drop in imports United States vegetable oil destined for biofuels.
Figures ofexportation disappointing at the start of November and especially the drop in prices of oils on the Chinese market of Dalian weighed on the price ofoil of palms Malaysian in Kula Lumpur. Note that the one-year postponement of European regulations on imported deforestation (RDUE) was voted by the European Parliamentreport our colleagues from Agra. The text was also lightened with the introduction of a new category of countries with “non-existent risk”.
In Ukraineanalysts from the Pusk cooperative note a dynamism of exports rapeseed. Executions resumed smoothly after some problems with logistics in the month of October. Experts are counting on an increase in rapeseed prices to €550-560/t on Euronext.
The courses of sunflower followed those of rapeseed in decline on the French physical market.
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Fundamentals:
- Brazil, soy, production : 166.14 Mt against 166.05 Mt last month (source: Conab).
Commerce international :
- United States, soybeans, export sales : 176,000 t to unknown destinations (source: USDA).
French physical markets from November 14, 2024 (July base for cereals)
| Sunflower | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Bordeaux rendering | oleic Harvest 2024 | Jan-Mar | inc. | ||
| Rendered Saint-Nazaire | oleic Harvest 2024 | Jan-Mar | 640,00 | N | -5,00 |
| Rapeseed | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Rendering Rouen | Harvest 2024 | Jan-Mar | 530,50 | N | -4,50 |
| Fob Moselle | Harvest 2024 | Jan-Mar | 532,50 | N | -4,50 |
| Soybean meals | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Departure Montoir | 48% pellets Brazil | nov. | 374,00 | V | 2,00 |
| 48% pellets Brazil | dec. | 372,00 | V | -1,00 |
| Then | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Departure from Marne | forage Harvest 2024 | Nov.-Dec. | 291,00 | N | 1,00 |
| Departure from Somme/Oise | forage Harvest 2024 | Nov.-Dec. | n.p. |
Commercial quotes for dairy products from November 14, 2024
| Milk powder | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| NBPL departure at 30 days 5% H BT bulk | available. | 2420,00 | T |
| Whey powder | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| NBPL departure at 30 days, BILA pH 6 bulk | available. | 855,00 | N |
Evolution dollar / euro du 14 novembre 2024
| Devise | Closing value |
|---|---|
| 1 dollar US | 0,9494 euro |
| 1 euro | 1,0533 dollar |
Chicago Futures Market Closes November 14, 2024
| Raw materials | Fence | Chicago |
|---|---|---|
| Military | 987,50 | cents/wood. |
| Soybean meals | 287,00 | $/t |
| Soybean oil | 44,44 | cts/livre |
Closing of the Euronext futures market on November 14, 2024
| Colza (Euronext) | |
|---|---|
| Echéance | Fence |
| Feb. 2025 | 530,50 |
| May 2025 | 525,50 |
| August 2025 | 488,75 |
| Volume | 29399 |
| Rapeseed oil (Euronext) | |
|---|---|
| Echéance | Fence |
| Mars 2023 | 698,50 |
| June 2023 | 698,50 |
| Sept. 2023 | 698,50 |
| Volume | 0 |
| Rapeseed meal (Euronext) | |
|---|---|
| Echéance | Fence |
| Mars 2023 | 196,25 |
| June 2023 | 196,25 |
| Sept. 2023 | 196,25 |
| Volume | 0 |
International market quotes from November 14, 2024
| Energy | Echéance | Closing value |
|---|---|---|
| Oil (Nymex) | Dec. 2024 | 68,70 $ |
| Ocean freight indices | from November 14 | Variation |
|---|---|---|
| Baltic Dry Index (BDI) | 1692 | 62,00 |
| Baltic Panamax Index (BPI) | 1213 | 5,00 |
| Baltic Capesize Index (BCI) | 2936 | 190,00 |
| Baltic Supramax Index (BSI) | 1029 | -7,00 |
| Baltic Handysize Index (BHSI) | 687 | -6,00 |
