Global: Rapeseed rebounds by €7/t on Euronext

Published May 23, 2024

Tridge summary

Rapeseed prices on Euronext have surged to their highest since July 2023, driven by a surge in soybean oil in Chicago and concerns over humid conditions in France. Meanwhile, palm oil prices have fallen on the Kuala Lumpur Stock Exchange due to a rebound in Malaysian production and a slowdown in exports. The August 2024 Euronext rapeseed futures rose by €7/t, to €486.25/t, and the November 2024 futures rose by €6.75/t, to €494.50/t.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices quickly started to rise again this Wednesday mid-session on Euronext, to rise again to their highest level since July 2023. The oilseed is benefiting in particular from a new surge in soybean oil in Chicago , after the sharp contraction in American stocks recorded last month. The excessively humid conditions in France also continue to worry the market. Palm oil prices, however, lost further ground this morning on the Kuala Lumpur Stock Exchange, under the weight of a clear rebound in Malaysian production since the start of the ...
Source: TerreNet
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