Seed prices rapeseed on Euronext and the French physical market increased between April 15 and 22, taking into account the rise in soybeans on the CBOT in Chicago. And this, while the rapeseed contract on Euronext recorded a slight drop over the week. The French surface area for 2024 was revised slightly downward by Agreste between February and April 2024, going from 1.336 Mha to 1.328 Mha. In Germany, the association of German cooperatives is betting on a decline in rapeseed production of around 7% between 2023 and 2024, below 4 Mt.
Prices fall in sunflower
Seed prices sunflower on the French physical market lost ground between April 15 and 22, following the downward trend of rapeseed on Euronext over the week. Note purchases of sunflower oil for animal feed manufacturers
Soybean prices on the rise
In soy, values increased on the CBOT in Chicago between April 15 and 22. According to analyst StoneX, quotations on the Brazilian physical market remain supported by the good performance of local crushing. Local producers are sellers, but intense demand is pushing up premiums. Add to this a lack of sales from Argentinian producers.
This article was written by specialist journalists from La Dépêche-Le petit Meunier, which has been supporting grain trade operators since 1938.
