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

In Europe crushers have good coverage for pre-Christmas positions but the trade remains short. Farmers continue to hold seed as they consider current ex-farm levels unattractive. The European market remains extremely quiet and the MATIF rapeseed contract continues to trade sideways in a narrow range. At present, the market lacks any impetus to break higher or lower. 

The UK market is similar to mainland Europe with a stand-off between the farmers and crush demand and with short-covering merchants dominant in the market.