Global: Rapeseed takes a break on Euronext

Published 2024년 6월 14일

Tridge summary

Rapeseed prices on Euronext are experiencing fluctuations with no clear trend, driven by changes in the soybean complex and American international bean sales. However, canola prices in Winnipeg are at their lowest since late April. Meanwhile, palm oil prices have a slight upward trend due to recovered Indian demand and the potential for exports to China to resume. August 2024 futures for Euronext rapeseed increased by €0.25/t, reaching €468.50/t, while the November 2024 futures fell by €0.50/t, to €476.25/t.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed prices were moving again without a clear trend this Friday evening on Euronext, after their small rebound the day before driven by a surge in the soybean complex. The rise in temperatures in the Corn Belt is currently causing initial concern. Recent American international bean sales confirmed by the USDA also provided support for the trend, despite still low weekly volumes. Canola prices in Winnipeg, however, remain under pressure and are now at their lowest level since the end of April. Palm oil, on the other hand, ends the week on a slight upward note, in reaction to a recovery in Indian demand ...
Source: TerreNet

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