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

US soybeans have traded slightly higher over the week on strong US export demand. We had a bearish-leaning USDA report with large crops expected in the US, but the fact they are still in the field and global demand for vegetable oils is strong seems to have had more bearing on price action.

MATIF rapeseed futures have pushed higher on the week with the market taking on a bullish sentiment on poor yields in Europe and firmer palm oil prices.

In the UK harvest logistics continue to be testing, with many farm purchases coming short. Crushers and merchants are looking for seed in the spot positions.