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

MATIF rapeseed has ticked slightly higher over the week, with similar small bounces seen in palm oil and canola futures. US soybeans are little changed on the week with harvest underway and an USDA report due tomorrow .The average trade guess is for a small decrease in US soybean yield which will have little effect on current supply and demand dynamics.

In the UK we continue to see a small trickle of seed coming forward from farm as farmers look to facilitate movement and cash flow requirements. Ex-farm prices of £250/t ex-farm are again achievable pre-Christmas.