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

Soybeans continue to come under pressure this week, making contract lows as funds exited positions and meal and oil markets also weakened. Global commodities weakened across the board with concerns around China’s economy weighing on market sentiment and raising questions over demand.

MATIF rapeseed has moved aggressively lower in line with other oilseeds. In the UK we see merchants tidying up harvest logistics but little seed is now coming forward from farm. At present the trend is clearly down, but it’s worth noting MATIF rapeseed has already moved €45 lower. The question is, where will we find some support?