Rapeseed falls below €500/t in Europe

Rapeseed prices were experiencing a sharp contraction on Monday at mid-session on Euronext, carried away by the heavy fall in crude oil prices (-5%!). The lack of vigor of economic activity in China and stimulus measures still considered insufficient by investors are indeed weighing down the prices of black gold, and consequently the entire biofuel sector. China's military maneuvers around Taiwan have also added to the market's fears regarding the impact of a conflict on Asian demand. The oilseed complex also remains penalized by the downward dynamics of soybean prices, in the face of the rapid progress of American harvests, expected this year at record levels. Climatic improvements in Brazil, in the middle of the sowing period, are also driving the downward trend. In France, however, Agreste reduced its estimate of the national rapeseed harvest this ...