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11/11/11
Glass half full
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Prices have remained volatile this week as the spectre of a Greek referendum on the euro initially caused prices to fall. Once the Greek referendum had been put to one side prices for soya and rapeseed recovered.
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Market finding some support
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The Great Chinese Corn Robbery
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Market looking to find support
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USDA produce bearish corn stock figure
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Oilseed rape prices fell back last week as crushers are reluctant to buy both in spot and forward old crop positions. The spot price of oilseed rape is now back to £360-£365 ex farm. However there does seem to be a bit more optimism further forward as indicated by the balance of the following bullish and bearish factors;
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Currency impacting on market
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Soy oil prices keeping rapeseed steady
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