Jonathan Lane, Gleadell’s Trading Director, comments on the OSR market

USDA’s latest report has increased the US soybean yield and production figures as well as production forecasts in Brazil and Argentina. Soybeans have traded lower throughout the week.

In Europe the rapeseed trade remains slow with a lack of farmer selling. MATIF rapeseed futures have moved lower over the week, primarily pressured by soybean weakness, but the market still remains within a six-week trading range.

In the UK, the Scottish independence referendum is creating volatility for sterling, which has had an effect on prices. The physical market remains illiquid with crushers only interested in spot positions and farmers not keen to sell at current levels.