Rapeseed slides by €10/t on Euronext

Rapeseed prices were experiencing a very sharp contraction this Thursday at mid-session on Euronext, carried by the fall in palm oil. Oil prices on the Malaysian Stock Exchange fell by more than 4% this morning to fall to their lowest level in 3 and a half months, in response to increasingly disappointing Malaysian exports since January and particularly weak Indian demand last month. The downward correction in oil is also penalizing all oil-rich seeds, despite a still favorable fundamental context. The soybean complex also had a third consecutive session in the red in Chicago, against a backdrop of technical correction and faced with the prospect of a record harvest in Brazil, as well as a ...