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

The US soybean market has ticked slightly lower over the week. A firmer US dollar has weighed on prices but these remain above the September lows. Demand for soybeans and vegetable oils remains strong and the focus now turns to South American plantings.

MATIF futures have weakened on the week, with seed coming forward for pre-Christmas movement and the Nov/Feb spread widening out. MATIF still remains in its technical uptrend and we still have longer-term supportive factors for rapeseed.  
The big hit for UK prices this week came from euro weakness – over the past week or two about £10/t has been knocked off UK prices due to the currency move.