Oilseed rape prices fell in the week to Wednesday, down about £8/t to average £244.50/t ex-farm for spot movement.
High Malaysian palm oil stocks, low crude oil values and beneficial rainfall in Brazil were all contributory factors to weaker global markets.
Feed wheat prices also fell amid slow domestic demand and continued strong currency, with spot values losing £2/t on the week to average £102.40/t ex-farm.
According to grain traders there was very little trade, with several ports refusing to take any stocks.
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Feed demand was low as livestock continued to benefit from prolonged outdoor grazing, while the Paris attacks may also have depressed general trade further.
However, the UK managed to win some export business, as low water levels on the Danube were restricting barge movement, according to a report by Bidwells. “This needs to be maintained going forward, and an increase in EU export activity is also required if prices are to pick up.”
Echoing grain traders’ sentiments, the latest Agritel report said the market was very dull. “The bearish USDA report had only limited impact, with farmers across the US and Europe still in no rush to place 2015 crop grain on the market.”