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

The rapeseed futures markets have been very volatile over the week with intraday swings of up to €8. The market has pulled back on profit taking and the slowly progressing harvest. Real harvest pressure hasn't been felt yet with limited selling across the Continent. Rapeseed fundamentals have a bullish bias this year but the harvest period could see some pressure.

The ongoing situation in Greece continues to create uncertainty regarding the euro adding volatility to UK rapeseed prices.

The US soybean market also remains volatile as we have seen heavy covering of fund positions due to weather and planting concerns.