Rapeseed rebounds above €510/t

Rapeseed prices on Euronext are experiencing a rebound, with a notable increase on Thursday at the mid-session, following significant losses throughout 2024. This uptick is largely due to the surge in soybean prices seen on December 31, 2024, driven by concerns over Argentine climatic conditions. However, high production expectations in Brazil could introduce tough competition for US soybeans in the international market. Additionally, the vegetable oil market is facing volatility due to a 2.5% drop in palm oil prices, reaching their lowest in over two months, attributed to slowed exports and disappointing economic data from China. Euronext rapeseed futures for February 2025 saw a rise of €1/t, reaching €512.25/t, and the May 2025 maturity increased by €0.50/t to €509/t.

Rapeseed prices were timidly returning to the upward path this Thursday at mid-session on Euronext, after a year-end 2024 marked by heavy losses. The trend is benefiting in particular from the surge in soybeans recorded during the session of December 31, against a backdrop of fears regarding climatic conditions in Argentina. In Brazil, on the other hand, production prospects remain record high and suggest strong competition to come on the international scene for US soybeans. Vegetable oil prices also continue to be shaken by the drop in palm oil, which fell by another 2.5% this morning on the Malaysian Stock Exchange to fall to their lowest level in more than two months. Malaysian exports are said to have slowed down again last ...