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

MATIF rapeseed futures have traded higher on the week, retracing some of the recent downtrend. In the UK physical market we have seen crusher demand in spot positions and also some export business booked.

The euro/pound rate continues to add volatility to the UK market. The strength of the euro has largely insulated UK farmers from the fall in the MATIF futures market since the beginning of December.

Crude, palm and soybean oil have traded higher on the week.