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Rapeseed prices falling on limited export interest

Date Added: 29/09/2017

By Owen Cligg, Trading Manager, United Oilseeds

After the arrival of 35,000 tonnes of Romanian oilseed rape at Liverpool,  crushers are now of the opinion that the UK will have a significant exportable surplus of around 200,000 tonnes plus, and that there is now no need to pay a premium for UK rapeseed.

Their argument is that the UK is now reliant on an export market that is struggling to trade until the new year, as most export destinations are now full with Black Sea and Baltic sea imports anyway. Hence prices for October are now valued at £305 to £310 ex farm, and not really tradeable in Scotland until we know there are some vessels arriving.

The soya market remains supported despite the onset of the US harvest. Yield information is difficult to ascertain, but yields would seem to be on track as expected. Support is still coming from wet conditions in Argentina and dry weather in Brazil, though there are potential rains in the forecast which will aid planting.

For those growers looking at winter oats further ahead, we have a Mascani contract for harvest 2019. Please contact the office for further details.

 

Regards,

 

Owen

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