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OSR market quiet

Date Added: 01/09/2017

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

Oilseed rape trading is quiet in the UK with the rapeseed harvest finished and growers now concentrating on cultivations and plantings. September rapeseed prices are over £320 ex in England, whilst Scotland needs to trade at a discount, as the export market is yet to develop and growers will need to wait until November until shipments begin in earnest.
There has been some action on new crop prices and £310.00 ex has been achievable in demand areas for harvest movement.  Buyers seem to be happy to own rapeseed in this position, as next season’s European crop size may be reduced as German growers look to limit plantings. Yields have been reduced due to poor establishment and weed and pest infestation, therefore some growers in Germany are complaining the crop is not making a sufficient gross margin and are looking at other alternative break crops.

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