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

The US soybean market has traded weaker due to the prospect of large Argentinian sales following currency and tax changes weighing on market sentiment.  Soybean meal and oil are also weaker.

Crude oil has made new contract lows, pushing below $35/barrel.
 
With the negative outside factors mentioned, the physical rapeseed market remains stagnant across Europe with a lack of farmer selling offset by a lack of demand. MATIF rapeseed futures have been sold off over the week on what looks like long-holders liquidating positions as support levels were broken.