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Weekly Straights Update
20th May 2022

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

Hipro Soya

  • Still weaker currency (strong US Dollar) didn’t help prices.

  • China are beginning to buy again as they emerge from lockdowns.

  • Tightness in S&D will mean the market will remain very sensitive to weather issues.

  • The banning of wheat exports by India has pushed all the markets up, as it highlights the inflation issue and tight supply currently seen across most commodities.

 

Rapemeal

  • The European market remains tight, though better old crop price offers have been seen as crushers look to offload meal before new crop.

  • New crop looks expensive against soya, but still seems reasonable value against other mid-proteins.

  • Should hipro soya increase, rapemeal is likely to track it.

 

Soya hulls

  • Availability is a bit tight for the nearby due to delayed boats.

  • Argentine crush margins remain poor, so there is little offered at the levels currently being paid.

 

Distillers

  • Ethanol margins remain positive, though exports remain slow on orders.

  • Production is expected to continue to increase, though demand is uncertain given the economic global outlook.

 

Sugar beet

  • The only option for the UK market is US product which is expensive.

  • Beet pulp now looks expensive against hulls.

  • Markets remain tight due to a general lack of product.

 

Wheat/Barley

  • India banned wheat exports due to the recent heatwave, causing a spike in prices across the board.

  • Another reminder of how tight the world stocks are at present.

  • Weather continues to drive prices somewhat.

 

!!!Deliveries!!!

Due to the ongoing acute lack of drivers impacting the haulage business, the lead time for the delivery of all commodities has increased dramatically. Please bear this in mind when placing orders.

 

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

Arabic words are written right to left, but Arabic numbers left to right. Arabic speakers reading anything with a lot of numbers in the script have to read in both directions at once and all ten species of the most venomous snakes in the world live in Australia.

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

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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 01/06/20 to 18/05/22 (£/t)

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

Currency Trends as of 18/05/22. Blue = GBP:USD. Red = GBP:EUR

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For more information:

www.ofg.org.uk

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Barley Fields
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