Tuesday, 1 June 2010

Smug mode

As oilseed rape prices are firming and our crops are looking absolutely peachy, I feel my decision to look after what we had as it emerged from winter when it looked pants will be vindicated. Even more so on the back of recent reports that the worlds rapeseed production is set to fall for the first time in four years.

It’s reported that output in the EU will fall by 770,000 tonnes to 20.8m tonnes and China's crop dropping by 1m tonnes to 11.8m tonnes.

It’s the EU bit that particularly interests me as they will be looking to Ukraine to make up the shortfall to feed all those shiny new biofuel plants. I told you not to plough it in, that spring wheat looks mighty pitiful now eh?

We will have about 2,000 tons up for grabs in about six weeks; form an orderly queue, no pushing at the back.