Tridge summary
Rapeseed prices on Euronext saw a slight increase on Tuesday evening, despite a uncertain soybean complex. The rise in prices is attributed to strong American demand, dynamic international sales, a disappointing 2024 sunflower harvest in Europe, a anticipated lower Canadian canola harvest, and a downward correction of the eurodollar parity. The cost of oilseeds imported into the Community market is also expected to increase due to the current downward correction of the eurodollar parity. Euronext rapeseed futures for February 2025 increased by €2/t, to €545/t, and the May 2025 deadline rose by €1.50/t to €537.25/t.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rapeseed prices remained slightly upwards on Tuesday evening on Euronext, despite a still hesitant soybean complex. The rapid progress of Brazilian sowing and the risk of a breakdown in Sino-American trade relations with the return of Donald Trump to the White House continue to weigh on bean prices, but strong American demand and still very dynamic international sales offset the pressure. In Europe, oilseeds also remain in an upward trend after the disappointing 2024 sunflower harvest and due to high import requirements. The Canadian canola harvest is also expected to be lower than initially anticipated and the current downward correction of the eurodollar parity ...
Source: TerreNet
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