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Traders view

Date Added: 09/09/2011

 Currency impacting on market

Oilseed rape prices are range bound supported by continued concerns over corn and soya yields in the US. A stronger dollar against a weaker euro does not seem to have impacted on commodity prices to too much of a negative effect whilst the weaker euro has supported prices in euros on the Matif futures.

 

However there is a negative impact on prices in sterling as a stronger pound versus the euro is causing the sterling price of oilseed rape to fall.

 

Values today are £370 ex for September 2011 plus £1.00 per month carry to December, whilst buyers are reticent to book anything after Christmas. New crop prices have improved with the opportunity of better crush margins in this position and are valued at £345.00 ex for harvest 2012.

 

 

Regards,

 

Owen

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