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Matif price rebounds on Ukraine tensions & demand

Date Added: 29/08/2014

By Owen Cligg

Oilseed rape prices have risen this week as matif futures have rebounded from the recent lows. The escalating tensions in Ukraine are no doubt partly responsible for the price rise, but a lack of farmer seller selling against good biodiesel demand means matif is the best option for shorts and consumers to cover their positions.

Prices within a £10/tonne haul to Liverpool or Erith are holding steady at £240.00 ex plus a £1.00/tonne carry per month forward.

The global oilseed market still feels potentially heavy as US initial crop reports from Southern states of soya bean yields have beaten expectations. However logistics are likely to be fully stretched which means downside should be limited.

Regards,

Owen

 

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