COTidienne | Oilseeds – Euronext rapeseed prices contract slightly under the effect of technical sales while those of US soybeans rebound slightly

THE prix of rapeseed between October 30 and November 1 on Euronext and the walk French physical figures show a slight decline. Of the operators preferred to secure profits last Friday, after several consecutive weeks of increases which pushed prices to levels that had not been observed for two years.

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On the other hand, the canola Canadian in Winnipeg was generally more expensive over the two days.

The courses of theoil of palms Malaysian prices also continued their rise between October 30 and November 1 to reach their highest level since mid-June 2022, due to the rise in commodity prices. oils competitors in the Dalian and CBOT markets, as well as prospects for exportable availability limited by the end of the year.

In militarythe prices of the bean on the CBOT generally rebounded a little between October 30 and November 1, benefiting from a series of new salesexportation. The USDA reported a US sale of 132,000 tonnes of beans to the Chine as well as the marketing of 198,000 tonnes to an unknown destination. The rebound in prices was, however, limited by the dynamics of weekly export sales of UNITED STATES in line with operators' expectations, as well as higher production prospects than expected in Argentine and at Brazilthanks to weather conditions favorable locally.

Seed prices sunflower on the walk French physical figures technically followed the sharp drop in rapeseed prices on Friday. However, the context remains bullish under the effect of national availabilities severely reduced by the climatic setbacks which persisted throughout the crop cycle.

The course of oil progressed between October 30 and November 1. The trend should remain bullish in view of a report from theOPEC+ which plans to delay by at least one month an increase in production initially planned for December to take into account a weakness in request and an increase in production outside the cartel. This decision, which was just made on Sunday, will delay the planned increase in production by 180,000 barrels per day.
The prices of black gold are also faced with the uncertainty of the results of thepresidential election American. Both candidates, however, promised to increase national oil production, which already reached a record level of more than 13 million barrels per day.

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