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

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Hipro Soya

• Pressure remains on prices as good weather continues in the US, though some rain is being seen in some areas, which is welcomed.

• More rain is needed across other parts of the US to keep crops in good condition, but things are looking okay for now.

• China remain quiet on the buying front, whilst Brazil remain keen sellers.

• Funds do remain long on soya meal so could see them sell this off at some point, though the thinking is that this is being used as a risk management tool.

 

Rapemeal

• Old crop prices continue to stay firm due to availability, with availability for the next couple of weeks very tight.

• There was a boost to prices last week as there was a large amount of buying in Europe, pushing prices up.

• Crops remain looking good across Europe, whilst Canada are expected to have another large  crop as they finish planting.

 

Soya hulls

• Supply still seems good and also with a lack of demand and shippers are no longer concerned about supply later in the season.

• Prices continue to ease as a result.

 

Distillers

• Nearby markets still remain technical with minimum product at origin to buy – keeping spot prices higher.

• Demand is starting to drop off in the US, so some producers may need to buy demand again.

• Shippers are trying to bring in as little product as they can so they are not left with excess stock on a falling market, but expect this to keep availability tight in the nearby positions.

• European and US weather needs to be watched in case severe dry weather takes hold.

 

Sugarbeet

• Minimal demand as it still looks expensive vs hulls.

• Better winter levels may be seen if the summer is beneficial to the crop.

 

Wheat/Barley

• Markets did rally with threats from Russia that they wouldn’t extend the deal again but have given back these gains, as the UK need to compete against their cheaper grain.

• Barley is becoming more difficult to source as a large chunk has been exported.

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

In Sweden, millennials are called ‘the Curling Generation’, because all obstacles have been brushed from their path by their parents and all Olympic curling stones come from one uninhabited island 10 mils from Glasgow.

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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