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Oilseeds markets quiet ahead of US soya harvest

Date Added: 04/09/2015

By Owen Cligg, Trading Manager, United Oilseeds

 Rapeseed markets are thinly traded as crushers just look to cover immediate requirements rather than take forward cover. September rapeseed prices range from £235 ex farm in Scotland to £245 ex close to the crush.

 There is still much speculation as to the size of the impending US soya crop, with most private forecasts tending to dismiss the latest USDA estimate as too high. If this is the case then there is still room for optimism regarding prices going higher. However, if USDA prediction materialises then we could see further price erosion of the oilseed complex.

 

Regards,

 

Owen

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