Global: Euronext rapeseed consolidates above €510/t

Published 2024년 10월 23일

Tridge summary

Rapeseed prices on Euronext reached a nearly four-month high before consolidating, driven by the strength of vegetable oils, with palm oil prices up 2% due to increased Malaysian exports and decreased domestic production. Canola prices on the Winnipeg Stock Exchange experienced profit-taking but are still being driven up by improved trade tensions between Canada and China and record exports from Canadian ports. However, soybean prices are being held back by American harvests and improved sowing conditions in South America. At mid-session, Euronext rapeseed futures for February 2025 fell by €0.75/t to €513.75/t, and the May 2025 maturity fell by €1/t to €511.25/t.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices showed a slight consolidation movement this Wednesday at mid-session on Euronext, after reaching their highest level in nearly four months for the February 2025 deadline. The trend, however, remains driven by the great strength of vegetable oils, with palm oil prices still up 2% this morning on the Kuala Lumpur Stock Exchange, driven by an acceleration in Malaysian exports since the beginning of October and a slowdown in domestic production. Canola on the Winnipeg Stock Exchange is also experiencing some profit-taking, after a series of five sessions in the green. However, the easing of trade tensions between Canada and China and record export rates in Canadian ports are still pushing prices upwards. The soybean complex, ...

Source: TerreNet