The figures in the charts are an indication only and reflect levels traded on Wednesday.
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The market mainly centred around tariffs news over the past week, with some delays announced to US tariffs on Canadian and Mexican imports, which put a little support back into the US market.
There has been no moves on Chinese/US tariffs for now.
Lower US prices have been seen, but a higher South American price, due to the likely re-direction of trade flows, hence why price crashes have not necessarily been seen in the UK.
On the S&D side, the situation in South America now seems more stable (or at least has been outshone by tariffs).
The Brazilian harvest is now 61% complete, but Argentina are not due to start harvesting until the end of the month/April, so favourable weather is still needed, to ensure there are no further losses.
After US tariffs on Canada, China announced 100% tariffs against Canadian canola meal and oil over the weekend, putting further pressure onto rapeseed prices.
This was in retaliation to Canadian tariffs on EVs and steel/aluminium a few months ago.
Canola seed was left alone for now, but it is still subject to an anti-dumping investigation by China, so the market is still treading carefully with the seed, as that could easily change depending on the investigation.
Prices looked more attractive recently, especially on new crop.
Old crop still looks a little dear,, due to having to deal with poor seed supply across the UK and Europe (for non-GM rapeseed) and maintenance needs to be factored in at some point across May/Jul.
No real movement as the nearby market remains very tight nearby and so summer prices remain stubbornly firm.
Despite the higher summer levels, it still looks better value than sugarbeet options.
No change week on week, as both UK ethanol plants remain out of the market for both spot and forward.
Scottish distillery plants also remain out of the market.
Vivergo remains offline as well.
As mentioned in previous weeks, there are limited wheat distillers pellets being offered for the summer as shippers are focussing on bringing it into Scotland to plug the gap left by Strathclyde’s decision to cease dried distillers pellet production.
Currently, imported maize distillers still looks a good value option forward, (nearby supply is tight).
Home produced sugarbeet remains unavailable and imported options are limited, with nothing offered until the summer and only then in one port.
It looks expensive against other fibre options.
The market stabilised towards the end of the week, as Trump postponed and reduced some tariffs against Canada and Mexico.
This has staved off further retaliatory tariffs from Canada.
Chinese tariffs remain, as do their retaliatory measures on US agricultural products.
Conditions have been improving across the Northern Hemisphere which is helping to re-build confidence on grain supplies, (some drier spells have been seen both in Russia and the US).
With the lower futures prices that have been seen, there has been a reluctance of sellers to come to the market, despite there being a reasonable amount of grain still in sheds.
And finally, totally irrelevant but quite interesting facts of the week…….
Barbie and Ken are named after the daughter and son of the couple who invented them and Stephen King’s son is called Joe King.
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
Historical Product Prices
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Spot Price Trends 01/01/21 to 12/03/25 (£/t)
'Price at Fixed GBP to USD (Jan 2018)' takes out the effect of exchange rate movements between £ vs. $
Currency Trends as of 12/03/2025. Blue = GBP:USD. Red = GBP:EUR
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