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

The US soybean harvest continues without problem at present and remains ahead of last year’s pace.

MATIF rapeseed futures have ticked higher on the week, breaking out of the recent price channel with no strong clear driver. However, we do see some dryness in Australia and the palm oil regions.  We've seen firmer soybean oil futures and also crude, all providing some help with a small uplift in prices.

UK ex-farm prices hit £260/t for spot positions. We have seen some selling at these levels, but many farmers continue to hold rapeseed looking for better prices later in the season.