Rapeseed jumps by almost €15/t on Euronext

Rapeseed recorded a clear jump forward on its nearby contract this Friday at mid-session on Euronext. The February 2025 deadline thus inflates its premium compared to the May 2025 contract to nearly €20/t and indicates by this structure a clear tension to come during the next quarter. The blockage of river traffic on the Moselle is indeed likely to last until next March, after the accident caused by a freight boat in a German lock. The trend also continues to be anchored in the rise of canola, whose prices in Winnipeg are currently on a series of nine upward closings in eleven sessions, due in particular to a lower Canadian production than initially anticipated. The soybean complex, however, remains poorly oriented in Chicago, after the ...