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

Rapeseed prices remain capped by an extremely strong pound / euro exchange rate but are supported by reasonably good demand for physical seed and by an extremely volatile, though mainly firmer, soy market. Farmers with old crop to sell are gambling that the fundamentals of the rapeseed market (which are bearish) turn around fast enough to enable a market rally before new crop arrives.