Global: Rapeseed rebounds by €5/t on Euronext

Published Dec 17, 2024

Tridge summary

Rapeseed prices on Euronext have experienced a rise, with the February 2025 contract seeing a notable increase due to disruptions in river traffic on the Moselle. Canadian canola prices on the Winnipeg Stock Exchange have slightly rebounded due to strong domestic and international demand. In contrast, palm oil prices on the Malaysian Stock Exchange have declined to a three-week low because of a slowdown in Malaysian exports and flooding, which has affected national production. At mid-session, Euronext rapeseed futures for February 2025 increased by €4.75/t, and the May 2025 maturity rose by €1.50/t.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices were rising again this Tuesday at mid-session on Euronext, particularly on the February 2025 contract, which continues to increase its premium compared to more distant maturities. The disruption to river traffic on the Moselle continues to cause tension on the short-term maturities, despite the gradual implementation of logistics solutions to ensure the flow of goods. Canadian canola also recorded a slight rebound on the Winnipeg Stock Exchange, against a backdrop of dynamic domestic and international demand, but continues to weigh on the European trend due to still significant competitiveness. Palm oil, for its part, chained a new session of decline on the Malaysian Stock Exchange this morning, to end at its lowest level in three weeks, in reaction to a new slowdown in Malaysian exports ...

Source: TerreNet