OSR prices under pressure after crude oil values drop

Oilseed rape markets have come under pressure over the past week, with weaker crude oil values undermining the improvements made last week. As of Wednesday 16 December, spot rapeseed was worth about £252/t ex-farm, depending on location, with new crop values pegged at about £245/t ex-farm for August/September movement. In contrast, cereal values remained relatively unchanged, with another bearish USDA report offsetting the weaker pound. However, severe drought in South Africa and Australia could provide support to 2016-17 markets as […]