The farmer-owned oilseed specialists
< Back to list

Prices end the week on the defensive

Date Added: 18/09/2015

By Owen Cligg, Trading Manager, United Oilseeds

UK oilseed rape prices fell back on Friday following soya and matif futures losses. Ex farm values for October are now in the region of £240 in Scotland to £245-£248 ex in most areas of England.

Latest news from Canada is an expected increase in canola production from the July estimate of 13.3 million tonnes to a latest estimate of 14.4 million tonnes. This still represents a 2 million fall on last year’s crop.

It is noticeable that farm supplies generally begin to dry up once the market falls. It will be interesting to see how the crusher reacts in lower rapeseed availability as crush margins continue to be poor. This makes their pricing strategy particularly difficult as rapeoil and rapemeal prices already look expensive compared to similar products.

 Regards,

 Owen

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