THE prix rapeseed on Euronext and the French physical markets decreased between January 2 and 3, 2025 on Euronext and the walk French physics, under pressure from American soya.
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In Chicago, classes military on the CBOT closed last week down. Indeed, theUSDA published figures, below expectations, on the sales at theexportation with a volume of 484,700 t. With a strong dollar, US soybean exports will also face the arrival on the market of the important harvest Brazilian. However, price support could be confirmed on the side ofArgentine with a rainfall deficit for the month of December and the forecast for hot and dry weather for the first half of January.
Au Canadathe prices of canola in Winnipeg declined slightly under pressure from soybeans. However, the Canadian seed showed more firmness with the repurchase of short positions and increasing figures on domestic utilization. Furthermore, the exports The United States tempered this support with weekly figures down to 187,900 t.
In Malaysiathe prices ofoil of palms in Kula Lumpur increased slightly. Indeed, prices benefited from expectations of a decline in the production and a future increase in demand forexportation with the preparation of Chinese New Year. This week, operators will also be attentive to the level of exports published in the report of theoffice Malaysian palm oil.
On the hexagonal squares, the prices of rapeseed fell back in the wake of soybeans. Furthermore, theeuro closed the week with more firmness with an increasing parity against the dollar at $1.031.
The prices of sunflower on the French physical market have decreased in the wake of the price of rapeseed.
On the macroeconomic side, theeuro appreciated in the face of dollar this last Friday with the support of the job market in Germany which is holding up better than expected in December. The courses of oil in New York ended the week up at their highest level since October. The market hopes for a future drop in interest rates Chinewhich should stimulate demand for black gold. Furthermore, the stocks United States are at their lowest level in ten years.
This week, operators are returning to work after the end-of-year holidays. THE exchanges will therefore resume with significant volumes.
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Fundamentals:
- Canada, canola, weekly domestic consumption : 203,100 t as of December 29 (source: Canadian Grain Commission)
Commerce international :
- United States, soybeans, weekly export sales : 484,700 t the week ending December 26 (source: USDA)
- Canada, canola, weekly exports : 187,900 t (source: Canadian Grain Commission)
French physical markets from January 3, 2025 (July base for cereals)
| Sunflower | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Bordeaux rendering | oleic Harvest 2024 | Jan-Mar | 630,00 | N | -10,00 |
| Rendered Saint-Nazaire | oleic Harvest 2024 | Jan-Mar | 630,00 | N | -10,00 |
| Rapeseed | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Rendering Rouen | Harvest 2024 | Apr-June | 509,00 | N | -11,00 |
| Fob Moselle | Harvest 2024 | Apr-June | 511,00 | N | -11,00 |
| Soybean meals | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Departure Montoir | 48% pellets Brazil | Jan. | 388,00 | V | -1,00 |
| 48% pellets Brazil | February 3 | 388,00 | V | -1,00 |
| Then | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Departure from Marne | forage Harvest 2024 | Jan-Mar | 295,00 | N | 0,00 |
| Departure from Somme/Oise | forage Harvest 2024 | Jan-Mar | 295,00 | N | 0,00 |
Commercial quotations for dairy products from January 2, 2025
| Milk powder | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| NBPL departure at 30 days 5% H BT bulk | available. | 2490,00 | N |
| Whey powder | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| NBPL departure at 30 days, BILA pH 6 bulk | available. | 865,00 | N |
Dollar/euro evolution of January 3, 2025
| Devise | Closing value |
|---|---|
| 1 dollar US | 0,9710 euro |
| 1 euro | 1,0299 dollar |
Chicago Futures Market Close January 3, 2025
| Raw materials | Fence | Chicago |
|---|---|---|
| Military | 981,00 | cents/wood. |
| Soybean meals | 299,90 | $/t |
| Soybean oil | 39,40 | cts/livre |
Closing of the Euronext futures market on January 3, 2025
| Colza (Euronext) | |
|---|---|
| Echéance | Fence |
| Feb. 2025 | 510,25 |
| May 2025 | 510,00 |
| August 2025 | 470,50 |
| Volume | 31445 |
| 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 January 3, 2025
| Energy | Echéance | Closing value |
|---|---|---|
| Oil (Nymex) | Feb. 2025 | 73,96 $ |
| Ocean freight indices | from January 3 | Variation |
|---|---|---|
| Baltic Dry Index (BDI) | 1072 | 43,00 |
| Baltic Panamax Index (BPI) | 1040 | 40,00 |
| Baltic Capesize Index (BCI) | 1375 | 114,00 |
| Baltic Supramax Index (BSI) | 884 | -15,00 |
| Baltic Handysize Index (BHSI) | 549 | -5,00 |
