Orion Farming Group Weekly Straights Update: 16th April 2026

Orion Farming Group
Apr 15
3 min read

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

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Hipro Soya

Prices had a volatile week.
Meal prices were steady until Friday when there was a sharp upturn in the market, due in part to rains in South America which will delay Argentina’s crop and therefore keep demand for US material stronger for longer, as well as a flash sale of US material to Italy.
It was also due to swapping of meal/oil spreads ahead of peace talks over the weekend, ( trade will buy one and sell the other)
There are now concerns that the US block of the Straits of Hormuz could negatively impact the US relationship with China and the trade negotiations due in May, (as a large proportion of exports from that region go to China).
The USDA report last week was not too dramatic with unchanged ending stocks for the US and slightly smaller ending global stocks.
Supply tightness nearby is keeping nearby prices elevated with Argentinian farmers reluctant sellers, so hampering the South American crush, along with the delay to their harvest and US meal availability is still tight.
This is reflected in UK markets and looks likely to continue until June or July.

Rapemeal

Another week of no news on Erith – keeping nearby supply very tight.
Some shippers are now offering limited April material but at expensive levels!
The nearby prices look quite expensive vs soya, but further forwards are more in line with where they are expected to be.
Availability looks tighter going through May with shipments due in through the month and Liverpool is beginning to tighten up as well.
An alternative is rapeseed expeller, which is currently trading at more reasonable prices

Soya hulls

Not much change on pricing and nearby availability is tighter due to reduced South American farmer selling, resulting in slower crush levels, as well as delays to the Argentinian harvest.
This looks unlikely to change until June when new crop shipments are due.

Distillers

Not much movement in prices though Ensus have now restarted with product available towards the end of the week.
They are not offering any large volumes due to the contracts they had sold pre-shutdown, but it will bring a better supply to the nearby market for the next few months.
Imported prices remain well supported as war premium continues and export programmes from the US are still reduced as more product stay in the domestic market, (due to not being dried to get carbon credits)..

Sugarbeet

No change on this market as offers nearby or for the summer remain unavailable.
Supply is unlikely to be much better than it has been this season when next winter arrives, due to reduced acreage both in the UK and across Europe.

Wheat/Barley

A mixed week as most of the week was dominated by forecasted rains in the US plains which would ease drought conditions there.
The area of US winter wheat in drought conditions has increased and the forecasted rains have reduced, so the market began building this back into prices on Monday.
UK futures were held more steady to slightly higher, following global prices.
Last week also brought a new USDA WASDE report, which was quickly digested and moved on from, without bringing too many surprises.
It did highlight an increase in wheat ending stocks to 283MMT, above market estimates.
This was due to higher production in India, Ukraine, the EU, Australia and Bangladesh.
Also listed were the highest US stocks since 2019/20.

And finally, totally irrelevant but quite interesting facts of the week…….B&Q recalled its mole repellent from Northern Irish stores in 2008 after it was pointed out that there are no moles in Ireland and Agatha Christie gave the rights to The Mousetrap to her grandson as a birthday present.

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.

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

​Click on a product name for more information

Hipro Soya

Prices had a volatile week.

Meal prices were steady until Friday when there was a sharp upturn in the market, due in part to rains in South America which will delay Argentina’s crop and therefore keep demand for US material stronger for longer, as well as a flash sale of US material to Italy.

It was also due to swapping of meal/oil spreads ahead of peace talks over the weekend, ( trade will buy one and sell the other)

There are now concerns that the US block of the Straits of Hormuz could negatively impact the US relationship with China and the trade negotiations due in May, (as a large proportion of exports from that region go to China).

The USDA report last week was not too dramatic with unchanged ending stocks for the US and slightly smaller ending global stocks.

Supply tightness nearby is keeping nearby prices elevated with Argentinian farmers reluctant sellers, so hampering the South American crush, along with the delay to their harvest and US meal availability is still tight.

This is reflected in UK markets and looks likely to continue until June or July.

Rapemeal

Another week of no news on Erith – keeping nearby supply very tight.

Some shippers are now offering limited April material but at expensive levels!

The nearby prices look quite expensive vs soya, but further forwards are more in line with where they are expected to be.

Availability looks tighter going through May with shipments due in through the month and Liverpool is beginning to tighten up as well.

An alternative is rapeseed expeller, which is currently trading at more reasonable prices

Soya hulls

Not much change on pricing and nearby availability is tighter due to reduced South American farmer selling, resulting in slower crush levels, as well as delays to the Argentinian harvest.

This looks unlikely to change until June when new crop shipments are due.

Distillers

Not much movement in prices though Ensus have now restarted with product available towards the end of the week.

They are not offering any large volumes due to the contracts they had sold pre-shutdown, but it will bring a better supply to the nearby market for the next few months.

Imported prices remain well supported as war premium continues and export programmes from the US are still reduced as more product stay in the domestic market, (due to not being dried to get carbon credits)..

Sugarbeet

No change on this market as offers nearby or for the summer remain unavailable.

Supply is unlikely to be much better than it has been this season when next winter arrives, due to reduced acreage both in the UK and across Europe.

Wheat/Barley

A mixed week as most of the week was dominated by forecasted rains in the US plains which would ease drought conditions there.

The area of US winter wheat in drought conditions has increased and the forecasted rains have reduced, so the market began building this back into prices on Monday.

UK futures were held more steady to slightly higher, following global prices.

Last week also brought a new USDA WASDE report, which was quickly digested and moved on from, without bringing too many surprises.

It did highlight an increase in wheat ending stocks to 283MMT, above market estimates.

This was due to higher production in India, Ukraine, the EU, Australia and Bangladesh.

Also listed were the highest US stocks since 2019/20.

And finally, totally irrelevant but quite interesting facts of the week…….B&Q recalled its mole repellent from Northern Irish stores in 2008 after it was pointed out that there are no moles in Ireland and Agatha Christie gave the rights to The Mousetrap to her grandson as a birthday present.

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 15.04.26 Blue = GBP:USD. Red = GBP:EUR

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