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

Throughout the week soybeans and canola have continued to weaken on early reports of good yields.

In Europe and the UK we have seen limited activity in the physical market. However, the MATIF rapeseed contract broke out of its recent trading range, helped by news of a fire at a European crushing plant. It dropped €10/t early in the week before regaining those losses towards the end of it. Some farmer selling has been seen following the move lower.

Sterling has rallied significantly against the Euro over the week, weakening UK physical values.