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Weekly Straights Update
17th June 2021

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10% DISCOUNT FOR ORION MEMBERS. Contact Adam Donaldson on 07823 681 001 to obtain the discount code.

Market Report, 17/06/21

Hipro Soya

  • Prices in general have eased back a little more.

  • Market is fairly quiet with China not buying and weather forecasts looking OK in the US.

  • Market remains volatile though as changing forecasts can trigger rallies and drops quickly.

  • Soya oil prices remain higher due to bio fuel demand, meaning the meal can be discounted by crushers.

 

Rapemeal

  • Old crop prices have continued to ease back, to fall back in line with soya more with a quiet market.

  • Better levels on new crop have been seen.

  • As with soya, the oil prices remain high so making a profit on meal is less of a concern for the crushers.

 

Soya hulls

  • Lower availability at origin due to good early demand means prices have moved a little higher.

 

Distillers

  • Freight rates continue to firm.

  • As with maize gluten, better ethanol margins and lower US consumption, means more availability for later in the summer.

  • Nearby prices remain firmer due to supply in the UK.

 

Sugar beet

  • European offers for both summer and winter are hard to come by.

  • Most shippers are waiting to see where home produced product comes out.

 

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

More people live in London than in Scotland and Wales combined and London has more trees than any capital city in Europe.

Notes:

1. All data in this report are provided by KW

2. Click on the 'information' button to link through to the exact product specification

3. Price indications are based on 29t bulk tipped loads delivered to Oxfordshire and are guide prices only.

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

Historical Product Prices

  • You can look back at previous product prices here

  • Use the filters below to select the Product and the Date

Spot Price Trends 01/05/20 to 15/06/21 (£/t)

  • 'Price at Fixed GBP to USD (Jan 2018)' takes out the effect of exchange rate movements between £ vs. $

Currency Trends as of 15/06/21

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For more information:

www.ofg.org.uk

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Barley Fields

Applications and Data Analytics for Orion developed by Demand Economics Ltd.

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