Euronext rapeseed rebounds by more than €5/t

Rapeseed prices were back in positive territory this Tuesday at mid-session on Euronext, after having been pressured by the drop in crude prices during the previous session. Black gold fell in response to the Israeli strikes in Iran, which were more moderate than anticipated by the market and spared the country's oil infrastructure. The risk of a flare-up of the conflict in the region is still considered by investors. The trend is also being driven upward by the bullish rally in palm oil, which once again ended its session on the Kuala Lumpur Stock Exchange this morning with a gain of 2.5%, to reach its highest level in more than two years. The recovery in Malaysian exports since the beginning of the month is confirmed, while the country is experiencing a seasonal drop in its production. The soybean complex is also back on the rise in Chicago, driven by dynamic international demand. ...