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

Rapeseed futures have pulled back over the last week, which, in our opinion, is probably a normal market pull back/correction after an extended move higher. We have also seen some rains in Canada and the soybean futures market pull back on better short-term weather forecasts.  Volatility is high with large daily swings on the futures markets.

Rapeseed remains fundamentally supportive in the longer-term but the harvest window could see some pressure.

The seemingly perpetual Greek problem is weighing on the euro, which is having a large negative impact on UK ex-farm prices.