Europe: Rapeseed attempts a rebound of almost €5/t

Rapeseed prices were trying to get back on the rise this Wednesday at midday on Euronext, in the wake of a better-oriented oilseed complex. Encouraging American sales to China have indeed reassured the market in recent days. The latest weather maps also announce the return of a dry and hot climate unfavorable to crops in the Corn Belt over the next fortnight. The latest observations from the ProFarmer Tour in the states of Nebraska and Indiana have however revealed exceptionally high potential. Palm oil prices also recorded a sharp jump this morning on the Kuala Lumpur Stock Exchange, driven by an expected recovery in Indian demand and increased domestic consumption in Indonesia, for the manufacture of biofuel. Canola prices are also ...