Orion Farming Group Weekly Straights Update: 13 November 2025
- Orion Farming Group
- Nov 13
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
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Earlier in the week, China confirmed cuts to tariffs on US products but a 13% tariff remains on soybeans, but US beans are more expensive than Brazilian beans, so demand for US beans globally may move to other sources.
A big sell-off in CBOT soya on Thursday night as funds took a chance to profit-take on an overbought market, especially with no confirmation of further Chinese purchases.
There will be a WASDE report released on the 14th, which the market will be hoping will provide some confirmation and clarity on US crops, Chinese demand etc.
It’s expected to show strong supply from North and South America, but could also show an increase in demand.
Soya planting in Brazil has slowed sitting at 85% for Matto Grosso, with dry weather being the cause.
Planting in Argentina has begun, 4.4% complete, with most areas reporting optimal moisture levels, but some regions in Buenos Aires are delayed due to flooding.
An eye needs to be kept on weather forecasts, as if the current ones are correct it could provide the bulls with another story to keep prices firmer.
No change on EUDR, though there was a meeting last week to lobby the EU to delay and bring in a low to no-risk category by several member countries.
Worth noting that if they do not agree to any changes, then EUDR will still come in at the end of the year, as intended.
Prices mainly continue to track soya with a brief lull on Friday before holding/increasing early this week.
Erith availability is tightening up for Nov and Dec.
Liverpool and imported rapemeal is more readily available but at a premium.
The European market which mainly drives our market is still thin trade, which gives no flex on pricing.
Liverpool rapemeal currently sits at 69% of soya prices for winter and 70% for summer, Erith is 62% of soya for winter and 61% for summer.
Much more hope is being pinned on soya coming back in price, rather than crushers needing to sell it cheaper.
An unchanged market for the most part as nearby supply remains tight until the NY.
Forward prices are mixed, but significantly lower prices for Jan/Apr are not expected, as the tight nearby position remains, progressing towards summer.
Minimal movement on the week for maize distillers, though US prices moved slightly higher, mainly following US soymeal prices.
Logistics still remain a challenge with the Mississippi on the low side, which will keep freight supported.
Imported wheat distillers still looks pretty expensive against other protein options, but for those needing pellets there are limited other options.
Ensus continues to supply contracts, though expected to be using imported product in order to do so, but still no update on their future.
This does make it tricky, as to whether lock in forward distillers contracts at current prices.
If they do manage to agree a deal with the government to secure CO2 supply, more attractive offers could bee seen from Ensus as they look to find homes for the product.
Similar story to last week, availability remains tight on both home produced and imported sugarbeet and supply is not expected to ease for the winter.
London wheat futures gave back the losses of the previous week on small volumes and a lack of fresh news.
Planting of winter crops across Europe continues to progress well, helped by favourable conditions.
US wheat markets dropped as China only bought 2 cargoes, vs expectation/rumours they were looking for 8-10 cargoes.
And finally, totally irrelevant but quite interesting facts of the week…….
The Irish get through 50 beer mats per person per year and in 2003, the Tate announced that two Turner paintings of Venice were actually of Portsmouth.
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
Currency Trends as of 12/11/2025. Blue = GBP:USD. Red = GBP:EUR
