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Traders View

Date Added: 28/10/2011

Market finding some support

 Oilseed rape prices have shown recent gains as more confidence has returned to the wider macro situation mainly because of some resolution to the Eurozone problems.

 Spot oilseed rape prices are now £360 to £365 ex farm, whilst next harvest is valued at £340 to £345 ex farm.

 Current crush margins remain poor due to the shortage of oilseed rape within Europe, but there is more interest from the crusher for new crop as crush margins in this position are much healthier.

 We remain optimistic regarding prices in the new year as crushers still require more cover, whilst any crop problems regarding soya or oilseed rape should improve next harvest values.

 Owen Cligg

Trading Manager

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