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Rapeseed prices on Euronext have surged back to their mid-November peak, driven by a significant increase in canola prices in Winnipeg. This rise is due to a downward revision in Canadian production and robust demand. Meanwhile, palm oil prices in Malaysia experienced a slight rebound, following a disappointing export report. Despite this, the soy complex remains uncertain with the anticipation of a potential record harvest in Brazil. The upcoming Conab report is highly anticipated in this context.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rapeseed prices recorded a sharp recovery on the close contract this Thursday at mid-session on Euronext, to return to their peak set in mid-November. The market is benefiting in particular once again from the rapid rise in canola prices in Winnipeg, against a backdrop of a downward revision of Canadian production and continued strong demand, both on the domestic market and at the port. Palm oil recorded a slight rebound this morning on the Malaysian Stock Exchange, after having fallen sharply at the beginning of the week, in reaction to the latest monthly report from the MPOB, in which exports recorded in November were particularly disappointing. The soy complex, however, remains as hesitant as ever in the face of the prospect of a record Brazilian ...
Source: TerreNet
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