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Markets still quiet

Date Added: 06/11/2015

By Owen Cligg, Trading Manager, United Oilseeds

Rapeseed prices remain in a range between £250 to £260 ex farm as any rises in matif seem to be counteracted by a stronger £. Growers are still reluctant sellers and crush margins only really calculate in the spot position.

Next week sees the November USDA report, which may increase soya and corn production. Such an expectation may not decrease prices too much, as world demand still remains robust. Later in November there are Argentinian elections which will lead to a change of President. One likely outcome is a move in export duties which could result in higher sales of soyabeans from December onwards.

 

Regards,

 

Owen

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