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

The old crop rapeseed market remains quiet in the UK, with merchant short covering dominating the market. Crush margins remain poor for old crop and we see little demand from crushers.

In Europe crops currently look good and we see no problems at present. New crop activity remains slow, particularly in the UK where prices are unattractive to growers. The market currently lacks a story to get prices moving.

We have seen the euro rebound against the US dollar and sterling, which has offered some support to UK delivered prices.