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Rapeseed prices rally

Date Added: 24/03/2016

Trader's View By Owen Cligg, Trading Manager, United Oilseeds

 Rapeseed prices have rallied this week, following lead of soyoil and soybeans. Old crop prices are now well bid at £260 ex farm, whilst harvest prices have also recently hit that figure in some areas close to the crush. Soyoil is finding strength from higher palm oil prices, whilst soybeans are still supported by the higher Brazilian real.

 Exports of UK rapeseed are being maintained at a good pace, with potential destinations including Germany, Poland and Russia. We think April will be United Oilseeds biggest export month of the marketing year so far and this should keep supplies tight going in to harvest. At this stage, we are hoping to ship 4 to 5 vessels out of Grimsby and Hull alone. Other ports include Peterhead, Montrose, Berwick, Teesport and Portland.


Best regards,



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