Europe: Euronext rapeseed falls towards €500/t

Rapeseed prices started the week with a notable downward movement, once again weighed down by the direction of crude oil prices. The economic stimulus measures announced by the Chinese authorities over the weekend disappointed the market and caused a sharp withdrawal of black gold, unfavorable to the entire biofuel sector. Conflicts in the Middle East and the risk of a disruption in trade flows are, however, maintaining tension on energy prices. The soybean complex also remains on a downward trend in Chicago, after a lackluster USDA report. The US Department of Agriculture has indeed once again confirmed the record potential of the American harvest this year in its latest monthly report. The arrival of beneficial rains in Brazil, in the middle of the sowing period, also ...