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Volatile Times

Date Added: 03/06/2011

After the market surged two weeks ago we have since seen some consolidation ....

After the market surged two weeks ago we have since seen some consolidation mainly due to a fall in the wheat market. Last Saturday Russia announced it would remove its export ban on cereals from 01/07/2011, hence prices retreated on the idea that cheaper Russian supplies would be available on the world market.

 

However the oilseed rape market has since recovered as ongoing fears of the size of the European rape crop persist. Also the market is continuing to be concerned over the size of prospective corn and soya plantings in the US which have been delayed due to wet weather.

 

 

 

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