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Rapeseed prices maintain their values

Date Added: 26/08/2016

By Owen Cligg, Trading Manager, United Oilseeds

UK rapeseed prices have maintained their ex farm values and remain well bid over £300/tonne despite a setback in soya prices.  Supply issues remain on rapeseed quantities available in Northern Europe which is keeping the spot position firm. However, crushers indicate that imported volumes from Ukraine, Canada and Australia will be available to make up any shortfalls.

As regards soya, US harvest will soon begin in quantity and the current crop tour is indicating yields should be good, hence prices have recently back tracked. Countering this is higher than expected demand, as South American supplies are currently limited. We think that any disruption to supply due to weather, transportation issues or yield reductions will be potentially bullish to the market.

 

Regards

 

Owen

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