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Values slip back as harvest gets going

Date Added: 31/07/2015


By Owen Cligg, Trading Manager, United Oilseeds

Prices of rapeseed have fallen back to an ex farm range of £240 to £250 ex farm. Stronger sterling and a lower matif have both contributed to price weakness. Prices originally fell on Monday as commodities fell in response to Chinese stock market falls and we are also seeing perhaps better yields than expected only a week ago. Certainly, yields in the south of England are better than last year, but it remains to be seen how the rest of the country fares as harvest moves north.

Crush margins are particularly poor which may mean the crush will slow down until margins become acceptable. However. growers also seem reluctant to take lower levels.

 

Regards,

 

Owen

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