Rapeseed stabilizes in a feverish market

Rape Leaves
Market & Price Trends
Published Apr 16, 2024

Tridge summary

On Monday, rapeseed prices on Euronext exhibited a stable to bearish trend, influenced by geopolitical tensions stemming from an Iranian attack on Israel and the broader situation in the Middle East. The cautious market sentiment is further exacerbated by concerns in the oils sector, including a significant drop in Malaysia's palm oil stocks to a ten-month low and apprehensions regarding the condition of French crops amid potential adverse weather. This resulted in a slight decline in Euronext rapeseed futures for August 2024.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices were moving on a stable to bearish note this Monday at mid-session on Euronext, in a market looking for guidance in the face of the situation in the Middle East. The Iranian attack on Israel over the weekend certainly did not cause major damage, but the risk of an escalation encourages investors to be cautious at the start of the week. The tension in the oils sector also continues to be confirmed. The MPOB put palm oil stocks in Malaysia at 1.71 Mt last month, the lowest in ten months. The state of crops in France also remains at the center of concerns, while ...
Source: TerreNet
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