Prices falling as US markets lose value

Posted: 17 Jun
Break Crop Trader's View: By Owen Cligg, Trading Manager

Oilseed Rape
Rapeseed prices have reduced to around £400 ex farm in England for harvest movement. Rumours of change in biofuel policy in the US have caused soyoil prices to fall and forecast wetter and cooler weather in the main US growing areas are the main reasons. The old crop position remains tight, but imported stocks will provide some buffer in case of a late harvest.
The feed bean market is quiet with most ex farm parcels now accounted for. New crop values of around £200 ex farm are still available.
Old crop oats are still proving hard to move as millers appear still well covered. We are awaiting information on the likely area of spring oats planted to give us new direction in the market. Currently there are only limited contracts for harvest 2022 based on locality to the mills. We are hoping those with oats further away will soon be able to lock into a winter oat contract.

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