News

Rapeseed falls below €460/t on European stock exchange

Rape Leaves
Canola Seed & Rapeseed
Nuts & Seeds
France
Market & Price Trends
Published Apr 17, 2024

Tridge summary

Rapeseed prices on Euronext witnessed a downturn this Tuesday, primarily due to a significant fall in palm oil prices on the Kuala Lumpur Stock Exchange, despite a report from the MPOB showing a notable decrease in Malaysian palm oil stocks owing to higher-than-expected exports. Concurrently, soybean prices are experiencing volatility, influenced by potential crop losses in Argentina and positive sowing developments in the U.S. Additionally, the projected area for rapeseed cultivation in France has seen a slight reduction from the previous year. The futures for rapeseed in August 2024 and May 2024 on Euronext have also declined in value.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices started to fall again this Tuesday mid-session on Euronext, weighed down by the drop in palm oil recorded this morning on the Kuala Lumpur Stock Exchange (- 3%!). The latest MPOB report, however, confirmed the sharp contraction of Malaysian stocks in March, mainly due to exports higher than expected. Soybean prices, for their part, appear hesitant, shared between the risks of loss of potential in Argentina and the good progress of sowing in the United States. According to the latest weekly Crop Progress from the USDA, construction sites have indeed started with 3% of projects completed as of April 14 (1% on average five years). Also note, in France, Agreste estimates national rapeseed ...
Source: TerreNet
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