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

US soybeans have ticked higher over the week aided by some excessive wet weather in areas of the US, together with strong demand.

MATIF rapeseed has traded up over the week. We expect limited activity in the physical market but dryness in Europe is delaying plantings. UK spot positions remain dominated by short-covering merchants and liquidity is a problem. UK seed remains expensive compared with other destinations.

Statisitics Canada pegged end-of-July canola stocks at 2 mln t, well above trade expectations of 1.27 mln t.