Rapeseed back above €430/t

Published Dec 21, 2023

Tridge summary

Euronext rapeseed prices rose on Thursday to reach €430/t, despite poor performance in the soya complex, due to rains improving growing conditions in Brazil and pushing international prices down. However, palm oil on the Kuala Lumpur Stock Exchange experienced a downward turn due to a contraction in Malaysian exports in December. Crude oil prices have recently jumped to their highest level, providing renewed support for the biofuel sector. As of 1:30 p.m., Euronext rapeseed for February 2024 futures rose to €430.75/t and the May 2024 deadline increased to €435.75/t.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Euronext rapeseed continued its recovery movement this Thursday mid-session on Euronext to regain support at €430/t, despite a soya complex still poorly oriented. The rains affecting Brazil continue to improve growing conditions in the country and therefore push international prices down. Palm oil on the Kuala Lumpur Stock Exchange, for its part, suffered a downward turnaround this morning under the pressure of a sharp contraction in Malaysian exports in the first half of December. The recent jump in crude oil prices, returning to their highest level since the beginning of the month, however, ...
Source: TerreNet

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