Rapeseed falls back to €490/t globally

Rapeseed prices were undergoing a consolidation movement this Tuesday at mid-session on Euronext, under the weight of technical considerations and a soy complex still stuck in negative territory. Weather forecasts in Brazil are indeed becoming more and more reassuring, with rains beneficial to the progress of sowing now announced throughout the month of October. The soybean harvests in the United States are also maintaining a dynamic pace and were 47% complete as of October 6, according to the USDA, compared to a five-year average of 34%. Crude oil prices were also experiencing a marked decline at midday, despite still critical tensions in the Middle East. Concerns related to the Chinese economy have indeed returned to the center of attention in the face of stimulus measures still ...