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Date Added: 12/07/2013

Rapeseed prices volatile with little trade

 

Rapeseed prices have been volatile this week, trading up to £320 ex farm on Thursday morning but falling back to £310 ex farm by Friday afternoon. Initial strength came from hot weather in the US supporting corn and soya prices, but reports of good oilseed rape yields in Romania, Bulgaria and Ukraine have caused the market to sell off.  A fall in Chicago prices on Friday has exacerbated the situation, however with few sellers in the UK the market remains thinly traded.

 

Regards,

 

Owen

 

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