Global: Euronext rapeseed falls below €545/t

Published 2024년 12월 16일

Tridge summary

Rapeseed prices on Euronext experienced a slight decline this Monday, reversing the gains seen at the end of the previous week. The drop was attributed to increased prices for canola in Winnipeg and a transport disruption on the Moselle River. Meanwhile, palm oil prices in Malaysia contracted due to a slowdown in exports, and Chicago soybean futures strengthened for technical reasons. The February 2025 Euronext rapeseed futures fell by €2.50/t to €544.50/t, and the May 2025 futures fell by €2.50/t to €528/t.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices recorded a slight decline this Monday at mid-session on Euronext, after having ended the previous week with very clear gains, particularly on the near-term contract. The halt in traffic on the Moselle River following an accident in a German lock has in fact caused a jump in the February 2025 deadline. Rapeseed prices are, however, once again under pressure from canola, whose prices in Winnipeg are now on a series of three consecutive sessions of declines. The canola harvests in Australia are also boosting the country's port activity, with many shipments destined for France and Belgium. Palm oil on the Malaysian Stock Exchange suffered a very clear contraction this Monday morning, in reaction to a new slowdown in Malaysian exports during the first half of December. The soybean ...
Source: TerreNet

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