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

US soybeans have had a fairly flat week with the market initially trading lower before retracing to unchanged. Crop ratings remain good and we continue to see selling among long holders of beans.

We still have the crucial month of August to get through for US crops so some uncertainty remains.

MATIF rapeseed has also been fairly flat. Across Europe yield reports continue to disappoint. The next week or two will provide a better picture as harvest progresses in northern Europe. The MATIF versus Winnipeg spread has moved, allowing Canadian and Australian seed to calculate into the EU.