Soybean-Rapeseed Divergence June 23, 2015 12:00 am The soybean is dominant in the oilseed market and price movements in that market usually indicate the direction of prices this side of the Atlantic. Recently, however, Chicago Soybeans and Paris Rapeseed have been moving in opposite directions. Source HGCA At points during the season this is bound to happen as local supply and demand forces have a greater influence. This divergence is likely to be relatively short lived; the European market has been on the up with supplies feeling tight but this may ease as harvest begins. Globally, concerns over the potential impact of El Nino could influence the direction of the market.
