The farmer-owned oilseed specialists
< Back to list

Rapeseed markets quiet ahead of Christmas

Date Added: 12/12/2014

By Owen Cligg, Trading Manager, United Oilseeds

Rapeseed markets have been quiet this week as the main emphasis has been on logistics and finding enough lorries to meet the December requirements. A lack of farmer selling is keeping the spot market reasonably tight with values of £250 ex plus available in most areas.

The USDA report on Wednesday produced few surprises but US projected corn and soya stocks were reduced, in theory giving some support to the market as demand was increased. However, high world stocks meant the market traded down before recovering in to Friday.

United Oilseeds has just completed the first cargo of oilseed rape loaded from Fraserburgh in Scotland (see pic) which will arrive at Erith over the weekend in order to keep supplies at ADM adequate. Interestingly, this means we have loaded out of 6 different ports in Scotland for this calendar year, including: Inverness, Buckie, Fraserburgh, Peterhead, Montrose and Dundee. Added to this, there is a large quantity of Scottish oilseed rape exported through Berwick-on-Tweed which all helps to keep supply and demand within the UK in balance.

Regards,

Owen

 

< Back to list
© Copyright 2017 United Oilseeds  |  Developed by Boson Media