Rapeseed prices gained ground between November 11 and 18, while sunflower prices continued to increase from one week to the next.
Rapeseed prices are still rising
THE rapeseed price have further progressed on Euronext as on the French physical markets. However, activity is rather calm in France, with buyers and sellers not rushing one another. Still the main levers of the European seed market: on the one hand, operators who do not lose sight of the fact that supply is low in Europe and, on the other, a generally very dynamic vegetable oil market, particularly in regarding palm oil.
Sunflower prices are still increasing
THE sunflower price hexagonal prices continued to rise. Businesses are transacted in an illiquid market. Demand is present given the low harvest. In addition, drying operations are very important (in certain regions, 100% of the volumes must be dried), which delays its release to the market.
Soybean prices fell this week with China in limbo
THE soybean price fell this week. For market players, it is now a question of knowing what the behavior of the Chine in terms of purchasing (the country has been very present in recent months, with American and Brazilian origins). This huge importer expects trade sanctions (increase in customs duties) on the part of the newly elected US president. The key is to know when and to what extent they will intervene. In Argentina, the soybean oil industry is enjoying strong export momentum. In France, the market is quite calm, although there is regular demand from the crushing industry in the South-West in particular.
Feed pea prices are increasing
Feed pea prices increased throughout the week in Rouen in particular. They remain unchanged on the other listing places. The prices of fava beans have not changed. Some business is done on the Marne in fodder peas for small Belgian workshops. Nothing is being done in Pontivy. In yellow polka dots, the plants are already covered. For the fava bean, some business is being handled.
This article was written by specialist journalists from La Dépêche-Le petit Meunier, which has been supporting grain trade operators since 1938.
Belgium
