Jonathan Lane, Gleadell’s trading director, comments on the OSR market

Rapeseed futures are currently unchanged on the week. They were initially pulled down by weaker soybeans beans before bouncing back towards the end of the week, due to some large volume futures trading. Price action is currently choppy and range bound.

Across Northern Europe poor weather is delaying harvests and yield reports continue to disappoint. Farmer selling is limited.

In Canada and Australia crops currently look good – the former in particular is anticipating a large crop.

In the UK we see the physical market firming relative to futures as poor yields and trade shorts drive up prices.