CRM AgriCommodities Market Review – 25th February 2019
LIFFE feed wheat futures have embarked on a recovery move with the May-19 contract attempting to break through the short-term £167/T mark whilst on new crop, Nov-19 is back to the key £150/T psychological level. Over the past week a strong rally in the GBP has put domestic OSR under pressure. Unseasonably warm temperatures across Europe are lowering the requirement for rapeseed oil by EU biodiesel blenders.