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Rapeseed market recovering from previous falls

Date Added: 10/07/2015

Owen Cligg, Trading Manager

Markets have been volatile over this week as they sold off last Friday on perceived drier weather in the US and the lower Chinese stock market. However prices have since recovered and rapeseed values are again approaching £260.00 ex farm for harvest movement.

Today, Friday, has also seen the release of a USDA report which was not necessarily as bullish as expected. Areas and projected yields of corn and soya were not altered to any great extent when they might have been lower due to the continued wet weather in the US. The market reacted by trading sideways, but since then soya prices have risen, tending to believe further issues will arise from the detrimental weather.

 

Regards,

 

Owen

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