Rapeseed loses nearly €7/t on Euronext

Rapeseed and palm oil prices have seen a decline this Friday on Euronext due to falling crude oil prices, caused by the possibility of increased Saudi production. Soybean prices are experiencing volatility due to ongoing American harvests and robust US international sales. Concerns have been raised about Hurricane Helene's impact on the industry, while dry and hot conditions in Brazil are slowing down sowing sites. As a result, Euronext rapeseed futures for November 2024 and February 2025 have seen a decrease in price.

Rapeseed prices continued their downward reversal movement this Friday at mid-session on Euronext, once again weighed down by the direction of crude oil prices. Black gold suffered heavy losses after information from the Financial Times suggesting an upcoming increase in Saudi production. Palm oil prices ended the week with a heavy loss of nearly 2.5%, after having reached their highest level since mid-April during the previous session. The soybean complex remains hesitant, torn between the pressure of American harvests and US international sales that are still as dynamic. The passage of Hurricane Helene over the American territory is however observed with concern across the Atlantic, ...