Euronext rapeseed recovers timidly towards €440/t

Rapeseed prices were moving on a small positive note this Friday at mid-session on Euronext. Quotations continue to move cautiously while awaiting the opening of Chicago for a shortened session, the day after the Thanksgiving holidays. The evolution of US soybeans, in response to changing climatic conditions in Brazil, remains a central driver of the oilseed complex currently. In Argentina, soybean plantings accelerated rapidly last week according to the Buenos Aires Mercantile Exchange, with 35% of projects now completed, a pace in line with the five-year average. Crude prices are also looking for direction after suffering a clear drop during the two previous sessions. The OPEC+ meeting next week, ...