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

US soybean futures are unchanged following last night’s USDA report where little adjustment was made to soybean balance sheets, re-affirming the plentiful supply of soybeans from solid harvests in Brazil and Argentina.

Rapeseed futures are around €10 higher than last week’s lows. We see this as just a small pull-back, but we have seen firmer palm and crude oil futures.