Orion Farming Group Weekly Straights Update: 27th March 2025

The figures in the charts are an indication only and reflect levels traded on Wednesday.

Click on a product name for more information

Hipro Soya

Availability nearby is mixed, which is keeping prices a bit more supported.
Not much change on the fundamentals, with harvest in Brazil continuing at a strong pace and US plantings have not yet begun in earnest, though they are suffering with more dryness than last year which could impact plantings.
The strike mentioned last week in Argentina has been lifted now, as the issues between Vincentin and their workers has been resolved for now, thus not affecting shipments.
No change to tariffs for the time being, so US tariffs are set to come into effect next week and EU tariffs on soybeans will likely come in mid-April.
This has strengthened South American prices, as the trade flows look likely to switch around.

Rapemeal

Prices dropped down further as crushers look for homes and compete against cheap Canadian imports.
Europe are utilising a lot more Canadian seed now as it looks cheap compared to other origins.
Currently, summer prices look pretty good against other feeds, especially with availability issues there are with other products.

Soya hulls

There are still no soya hulls spot, with shipments due mainly in May.
Summer prices are looking less likely to drop back until perhaps mid-summer when crush plants will be in full swing.
Given the lack of availability on sugarbeet as well, soya hulls for the summer still look a competitive price.

Distillers

No fresh news yet – with no spot sellers nearby of wheat or maize distillers, imported or home produced.
Summer levels are available for imported maize distillers, which are still reasonably priced.
Home produced offers for the summer are still withdrawn for now as well.
Shipments for imported maize distillers are due in the next couple of weeks, which should help availability.

Sugarbeet

No change, with no home produced or imported product offered – and seemingly unlikely there will be a second offer on home produced material.
Looking ahead to next season, a smaller crop seems inevitable, with the threat of Yellow Virus.

Wheat/Barley

The market was more mixed globally as it turned its attention back towards weather and S&D again, as the tariff discussions quietened down.
In the US there has been some rains, but the wheat growing regions in drought continue to increase week on week, which is keeping a base to US prices as the crop starts to emerge from winter.
Similar stories across the Black Sea and eastern Chinese regions, with the market paying a bit more attention to soil moisture levels.
Countering the concerns around US dryness, was poor demand for US exports.
In the UK sellers for wheat remain scarce, as old crop prices are not enticing and new crop now selling at a premium, sellers are holding onto their stocks for the time being.
Barley remains more available in the market.

And finally, totally irrelevant but quite interesting facts of the week…….

At least 109 journeys between adjacent London Tube stations are quicker to walk and a lethal dose of chocolate for a human being is about 22lbs or 40 bars of Cadbury’s Dairy Milk. A single M&M is enough to kill a small songbird.

Notes:

All figures in this report are provided by KW and commentary by GLW Feeds. Price indications are based on 29t bulk tipped loads delivered to Oxfordshire and are guide prices only.

For firm prices and availability, please contact Joe Cobb on 01865 393 139