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Prices still on the defensive

Date Added: 05/01/2018

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

Rapeseed markets have been volatile of late with Matif futures falling back to levels last seen at harvest. A recent recovery has helped sterling prices and £300 ex farm is available in most production areas of England. There is also some activity in Scotland, but values there are closer to £290.00 ex farm as boats begin to move to Erith and Germany.

Crush margin structure means that both ADM and Cargill will only buy spot rapeseed as rapeoil prices are poor going forward. Now that 2017 biofuel mandates have been completed, biodiesel buyers are more relaxed and prices have accordingly fallen. Still, with crude oil prices reaching 2 year highs, this may yet provide some support to the biodiesel market and we hope prices may improve.

Regards

Owen Cligg
Trading Manager

Come to our our Joint Agronomy Seminar with the AHDB at 1.00 pm on Thursday 8th February near Newbury. Speaker programme and free registration here
 
 

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