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Prices showing some signs of consolidation

Date Added: 01/08/2014

 

 

Oilseed rape prices have shown some signs of recovery this week, rallying up to £230.00 ex farm in areas close to the crush. A general reluctance for growers to take lower prices is part of the reason for the rally. Also a weaker sterling at £1 = 1.253 euros is lending some support to prices.

Meanwhile soya prices are heading back to contract lows as yield projections are still increasing as a result of benign weather in the US. Chinese demand remains robust and South American planting intentions remain unknown.


Regards,


Owen

 

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