Tridge summary
Rapeseed prices on Euronext are rebounding after a recent drop, driven by a surge in palm oil prices on the Malaysian Stock Exchange. The trend is also being fueled by Indonesia's decision to increase vegetable oil incorporations in biodiesel production and to impose higher export taxes, leading to tighter supplies. Meanwhile, the soybean complex is finding support from technical factors and strong international sales, despite the looming prospect of a new record Brazilian harvest. Euronext rapeseed futures for February 2025 and May 2025 maturities have both seen price increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rapeseed prices were trying to get back on the upside on Monday at mid-session on Euronext, after suffering a heavy drop last week. The trend is benefiting in particular from the surge in palm oil on the Malaysian Stock Exchange, after a series of six sessions in the red that took prices to their lowest level in two months. The increase in vegetable oil incorporations in biodiesel production in Indonesia from next January and a tightening of the country's export taxes have notably given the trend a new upward momentum. The soybean complex is relying on technical considerations to regain some firmness, after bean prices hit their lowest level in four years in Chicago last week. Dynamic American international sales are also ...
Source: TerreNet
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