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Rapeseed prices still improving

Date Added: 26/06/2015

New crop rapeseed prices are continuing to improve as weather uncertainties are adding a premium to the market. Price direction this week is mainly coming from soya, as wet conditions in the US are potentially reducing planted area and reducing yields. This has put prices at around £255.00 ex farm for harvest, with good carries going further forward.

There is a USDA report on Tuesday 30th which will no doubt give us some direction going forward. The area of soybeans could well be projected as going up, despite the recent weather, as the survey is based on earlier data.

Regards,

 

Owen

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