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Matif falls erode prices

Date Added: 12/02/2016

By Owen Cligg, Trading  Manager, United Oilseeds

 Old crop rapeseed prices have fallen back this week as the matif May contract has come under pressure. Price range is now £250 to £257 ex farm, but export values are holding up better than the delivered crush.

Crushers are struggling to sell rapemeal which is impacting on their margin and they are increasingly reliant on rapeoil values holding up. Palm oil and soy oil prices are both improving as el nino continues to effect palm oil yields.

 New crop oilseed rape prices are holding up well with £250 ex farm available in areas close to the crush. Rumours of an impending switch from el nino to la nina may prove positive for prices if the net result is a drought in the US.

Regards,

Owen

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