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

The MATIF futures market has traded sideways over the last week with little new impetus to move prices. The May15 contract expires 30 April and you would expect European crushers or trade shorts to book remaining coverage or cover shorts in this period.  In mainland Europe we continue to see a lack of physical sellers for old and new crop oilseed rape but prices and premiums aren’t being driven higher. The market remains very quiet with no real story to move prices in either direction.

In the UK the old crop market was active early in the week but prices have retreated with volumes coming forward from farm and poor margins for crushers. New crop activity in the UK remains very slow with little coming off farm.