Rapeseed prices have improved to a general £300 ex farm for harvest movement in most areas of England. The Matif futures have been improving as European rapeseed yields disappoint and many commentators are calling the EU crop below 20 million tonnes compared to nearly 22 million tonnes for harvest 2017.
Also a weaker £ at £1=1.119 euros is also supportive to prices.
Soya prices have recovered slightly, but the US/Chinese trade spat continues to put enough uncertainty in the market to keep prices under pressure.
The main support in the market seems to be the continued dry weather in Europe. Not only are grain and oilseed yields being affected, but there must be large doubts over supplies of forage so we are expecting all feed ingredient prices to be supported.
Regards
Owen
Call United Oilseeds on 01380 729 200 for crop collection and seed purchase.
