Tridge summary
Rapeseed prices on Euronext are consolidating due to technical resistance from the July peak, while palm oil prices on the Kuala Lumpur Stock Exchange are pulling back after a bullish rally due to increased global demand and decreased Malaysian production. The soybean complex is experiencing uncertainty from dynamic American international sales, particularly to China, and pressure from a record harvest in the United States. Oil prices are also uncertain due to concerns about the Middle East and the economic recovery in China. At mid-session, Euronext rapeseed futures for February 2025 were down €1.50/t, and the May 2025 maturity was down €2/t.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rapeseed prices were once again undergoing a small consolidation movement this Friday at mid-session on Euronext, capped by a technical resistance formed by the peak reached last July. Palm oil also ended the week with a pullback movement on the Kuala Lumpur Stock Exchange after a bullish rally that took prices to their highest level in more than two years, driven by an intensification of global demand and a reduction in Malaysian production. The soybean complex, for its part, remains torn between increasingly dynamic American international sales, particularly to China, and the pressure of the record harvest in the United States. The recent rains in South America have also dispelled fears regarding the progress of sowing sites. Oil is also looking for a ...
Source: TerreNet
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