Euronext rapeseed settles above €530/t

Rapeseed prices were on their way to a fourth consecutive session in the green this Tuesday at mid-session on Euronext. The trend is benefiting in particular from the mechanical support of the weakening of the eurodollar parity to appreciate, as well as the recent surge in Canadian canola prices, back to their highest level in more than three months. Palm oil, however, ended in the red this morning on the Malaysian Stock Exchange, in reaction to Malaysian exports still in the doldrums during the first half of February. The soybean complex, on the other hand, is starting the week on a mixed note in Chicago. The sharp slowdown in American international sales in recent weeks as well as the acceleration of Brazilian harvests, expected at a record level, are indeed weighing on bean prices across the ...