Tridge summary
Rapeseed prices on Euronext continued to decline due to the impact of crude oil prices. The arrival of humanitarian aid in Gaza and diplomatic efforts to ease tensions between Hamas and Israel are providing some reassurance to the market. The soybean complex is also experiencing consolidation despite high demand in Asia and challenging planting conditions in Brazil, while palm oil had a negative start to the week but is supported by increased demand from India and China and a recovery in Malaysian exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rapeseed prices widened their losses a little further on Monday mid-session on Euronext, particularly in the wake of crude oil prices. The arrival of humanitarian aid in Gaza and diplomatic efforts to limit the conflict between Hamas and Israel and achieve de-escalation are indeed reassuring the market at present. The soybean complex is also continuing its consolidation movement despite a revival in Asian demand and still critical sowing conditions in Brazil. Palm oil also opened the week on a negative note. However, the revival of Indian and Chinese demand and a recovery in Malaysian exports since the start of the month provide support for the sector. Around 1:00 p.m., Euronext ...
Source: TerreNet
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