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Oilseed Rape Prices Continue on Defensive

Date Added: 06/06/2014

By Owen Cligg

Oilseed rape prices continue on defensive

Oilseed rape prices in the UK remain subdued as the bearish tone in the market continues. Old crop is now valued at £270 to £275 ex, whilst harvest oilseed rape is valued at £250 to £255/tonne ex farm. Good growing conditions throughout the Northern Hemisphere are now reducing ideas of any bullish weather story. However the prospect of an El Nino could yet tighten palm oil supplies which in theory should support rape oil and soya oil prices.

Latest gross margin analysis does not look good for any of the cereal or oilseed crops. The prospect may now lie ahead where processors will need to bid up to encourage plantings for this autumn.



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