Rapeseed/Colza Futures
Agriculture · Monthly series · CM-ECO1.EURONEXT
Latest, October 2026
555.25 EUR/TNE
+3.4% from September 2026
Forecast
Forecast for October 2027: 554.88 EUR/TNE, with an 80% interval of 454.54 EUR/TNE to 655.23 EUR/TNE.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 554.88 EUR/TNE | 519.92 EUR/TNE | 589.84 EUR/TNE |
| December 2026 | 554.88 EUR/TNE | 486.96 EUR/TNE | 622.80 EUR/TNE |
| January 2027 | 554.88 EUR/TNE | 512.10 EUR/TNE | 597.66 EUR/TNE |
| February 2027 | 554.88 EUR/TNE | 487.19 EUR/TNE | 622.57 EUR/TNE |
| March 2027 | 554.88 EUR/TNE | 464.38 EUR/TNE | 645.38 EUR/TNE |
| April 2027 | 554.88 EUR/TNE | 440.72 EUR/TNE | 669.04 EUR/TNE |
| May 2027 | 554.88 EUR/TNE | 420.73 EUR/TNE | 689.03 EUR/TNE |
| June 2027 | 554.88 EUR/TNE | 449.63 EUR/TNE | 660.13 EUR/TNE |
| July 2027 | 554.88 EUR/TNE | 455.27 EUR/TNE | 654.49 EUR/TNE |
| August 2027 | 554.88 EUR/TNE | 435.61 EUR/TNE | 674.15 EUR/TNE |
| September 2027 | 554.88 EUR/TNE | 449.19 EUR/TNE | 660.57 EUR/TNE |
| October 2027 | 554.88 EUR/TNE | 454.54 EUR/TNE | 655.23 EUR/TNE |
AI confidence
Mixed evidenceThe tests show no consistent, material advantage over the no-change baseline.
Model: Exponential smoothing (statistical)
- Accuracy vs naive
- 0%Matches the no-change baseline over 6 tests (6 tests, 3 won)
- Direction
- 54%No clear edge over a coin flip (39 of 72 calls right in 6 tests)
- Turning points
- 0 of 32Anticipated no turn, as the no-change baseline does (32 turns in 6 tests, 0 without a turn)
- Error vs baseline
- About the sameError ratio 1.00; 1.00 is a tie.
- Tests won
- 3 / 6Complete recent tests excluded from model selection; ties count as no win.
- Test period
- 2020-11-01 to 2026-10-0112 observations ahead per test.
- 80% band coverage
- 80%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-14 against the cached history through 2026-10-01.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
4 of 5 models evaluatedModels are selected on older tests and evaluated on separate recent tests. Some candidates failed or returned incomplete tests; the table shows which. An eligible nightly batch can compare four classes, subject to call budgets and retry limits.
Models tested
Exponential smoothing scored lowest on the 6 older tests (1.00) and was chosen. The 6 recent tests played no part in the choice and give its grade (1.00). The search for a model that beats the naive forecast on both sets of tests goes on. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
3 model classes completed the tests: Statistical, Foundation model, Machine learning.
| Model | Class and compute | Older tests | Recent tests | Role |
|---|---|---|---|---|
| Exponential smoothing (statistical) | Statistical · CPU | 1.00 | 1.00 | Serving |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Agentic Investor TSFM (foundation model) | Foundation model · CPU | 1.01 | 0.96 | Tested |
| State-space model, 167M (foundation model) | Foundation model · CPU | 1.08 | 0.88 | Tested |
| Gradient-boosted trees (machine learning) | Machine learning · CPU | 1.44 | 1.01 | Tested |
| Hierarchical neural network (neural network) | Neural network · CPU | n/a | n/a | Did not run |
Reading
It is above 86% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 555.25 EUR/TNE |
| September 2026 | 536.75 EUR/TNE |
| August 2026 | 544.25 EUR/TNE |
| July 2026 | 513.00 EUR/TNE |
| June 2026 | 505.25 EUR/TNE |
| May 2026 | 524.25 EUR/TNE |
| April 2026 | 520.75 EUR/TNE |
| March 2026 | 514.25 EUR/TNE |
| February 2026 | 487.00 EUR/TNE |
| January 2026 | 472.75 EUR/TNE |
| December 2025 | 453.25 EUR/TNE |
| November 2025 | 483.25 EUR/TNE |
| October 2025 | 480.50 EUR/TNE |
| September 2025 | 466.00 EUR/TNE |
| August 2025 | 462.50 EUR/TNE |
| July 2025 | 477.50 EUR/TNE |
| June 2025 | 467.50 EUR/TNE |
| May 2025 | 474.50 EUR/TNE |
| April 2025 | 462.00 EUR/TNE |
| March 2025 | 516.75 EUR/TNE |
| February 2025 | 532.75 EUR/TNE |
| January 2025 | 515.50 EUR/TNE |
| December 2024 | 511.25 EUR/TNE |
| November 2024 | 507.75 EUR/TNE |
Source
Data: public market data feeds.
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