THE prix rapeseed on Euronext and the markets French physical assets decreased moderately between the sessions of December 30 and 31 on the February 2025 deadline. The following deadlines progress with the support of soybeans and oil.
In sunflowerprices in France remained stable as of December 31. Indeed, business is at a standstill with a reduced offer during these end-of-year holidays.
The prices of rapeseed and sunflower on the French physical market did not change on January 1, 2025, due to the closure of the US and European futures markets.
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On the CBOTthe course of military closed the last session of 2024 with clear progress. This increase found its source in the repurchase of short positions and concerns about weather conditions in Argentine.
In Canada, the prices of canola rose slightly with the support of oil. However, the decrease in palm oil prices limited this increase.
On French physical markets, the rapeseed rose over the April-May period in reaction to the May deadline on Euronext. Activity was almost absent between Christmas and New Year’s Eve.
In mainland France, activity should slowly resume this weekend and logically return to normal from Monday.
On the macroeconomic side, theeuro fell back in front of dollar at $1.35 and ends 2024 weak against a US currency in great shape, and which seems able to widen the gap with possible increases in interest rates in 2025.
The courses of oil increased significantly for the last day of the year. Indeed, the market welcomes Chinese President Xi Jinping’s promise to promote growth, which could revive demand for a barrel of crude.
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-French physical markets from January 1, 2025 (July base for cereals)
| Sunflower | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Bordeaux rendering | oleic Harvest 2024 | Jan-Mar | 630,00 | N | |
| Rendered Saint-Nazaire | oleic Harvest 2024 | Jan-Mar | 630,00 | N | 0,00 |
| Rapeseed | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Rendering Rouen | Harvest 2024 | Apr-June | 508,00 | N | |
| Fob Moselle | Harvest 2024 | Apr-June | 510,00 | N | 1,00 |
| Soybean meals | Specifications | Due date | euro/t | Variation | |
|---|---|---|---|---|---|
| Departure Montoir | 48% pellets Brazil | Jan. | 383,00 | V | |
| 48% pellets Brazil | February 3 | 382,00 | V |
Commercial quotes for dairy products from December 26, 2024
| 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 as of December 31, 2024
| Devise | Closing value |
|---|---|
| 1 dollar US | 0,9626 euro |
| 1 euro | 1,0389 dollar |
Chicago Futures Market Closes December 31, 2024
| Raw materials | Fence | Chicago |
|---|---|---|
| Military | 998,25 | cents/wood. |
| Soybean meals | 307,60 | $/t |
| Soybean oil | 39,78 | cts/livre |
Closing of the Euronext futures market on December 31, 2024
| Colza (Euronext) | |
|---|---|
| Echéance | Fence |
| Feb. 2025 | 511,25 |
| May 2025 | 508,50 |
| August 2025 | 467,00 |
| Volume | 11848 |
| 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 December 31, 2024
| Energy | Echéance | Closing value |
|---|---|---|
| Oil (Nymex) | Feb. 2025 | 71,72 $ |
| Ocean freight indices | from December 24 | Variation |
|---|---|---|
| Baltic Dry Index (BDI) | 997 | 3,00 |
| Baltic Panamax Index (BPI) | 988 | 8,00 |
| Baltic Capesize Index (BCI) | 1147 | 15,00 |
| Baltic Supramax Index (BSI) | 923 | -9,00 |
| Baltic Handysize Index (BHSI) | 569 | -4,00 |
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