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Matif rapeseed continues to fall

Date Added: 26/05/2017

By Owen Cligg, Trading Manager, United Oilseeds

 Matif rapeseed prices fell this week following a wider sell off in soyabeans and crude oil. Losses were mitigated in sterling terms as the £ weakened against the euro. £1 is now valued at €1.145 so it at the low end of the recent range.  Old crop ex farm rapeseed prices remain in a range of £320 to £325 ex farm, whilst new crop remains below £300 ex farm, trading between £290 and £297 ex farm, depending on area.

The general consensus seems to be that soyabean supplies from South America will remain plentiful capping any gains on the market.  Whilst tight vegetable oil stocks and any weather disruptions to the US growing season remain supportive.  

 

Regards,

 

Owen

 

 

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