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Traders View

Date Added: 29/07/2011

Harvest progress

Oilseed rape harvest is progressing well in the South of England with yields still surpassing expectations. Extra tonnage available has put some pressure on the harvest price which is now trading £360 to £365 ex farm compared with a £10.00 carry to November.

 We still maintain our view that demand in the EU will be robust which should support prices further forward. In our opinion crush margins look adequate and biodiesel margins good so there should be scope for prices to rise after harvest.

 

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