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Orion Farming Group Weekly Straights Update: 16th January 2025

Writer's picture: Orion Farming GroupOrion Farming Group



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


​Click on a product name for more information


  • The USDA report came out on Friday proved to show bullish numbers.

  • Acreages and yields were reduced but Brazilian/Argentinian figures remained unchanged.

  • 124.4MMT reduced to 108MMT as an overall figure.

  • At this moment in time the weather looks threatening with hot dry spells.

  • The main concern is the damage this could have on the Argentinian crop.

  • Rain is forecast however this needs to be watched.

  • Currency is also impacting market levels.

 

  • Even with soya firming recently, rapemeal still looks expensive in comparison.

  • Trade seems to be more on the spot to fill gaps where needed, with soya taking more of a share than rapemeal in diets going forward.

  • Due to the recent mild weather conditions across Europe, the rapeseed production forecast has maintained at 19.8MMT.

  • There are cooler temperatures predicted in Western Europe and warmer conditions in the UK and Poland going forward, which indicates no risk of damage to future crops.


  • Demand has picked up domestically in the origin, which has created a bottom to the market and means shippers are starting to find it more difficult to secure offers.

  • The continued hot weather in Argentina could have a detrimental effect on yields.

  • There is rain in the forecast, however if it arrives, there is a question over whether it will be enough.

  • Stocks here in the UK are good, however it seems to be very much a weather story at the moment.

 

  • No Change with poor availability of wheat distillers, with no imported material available on the nearby due to supply issues in Scandinavia and home producers still not offering extra due to ethanol margins.

  • Maize distillers continue to be competitive in the protein complex, with little downside potential.


  • The sugarbeet market remains unchanged, as it has been for some time now.

  • Demand is low with little inclusion in most rations as more competitive fibre options continue to push it out.

  • Home produced material remains available in abundance with little to no import market action.


  • Prices rose following the USDA report on both Chicago and the UK wheat futures which came as a surprise when the report showed a rise in world wheat ending stocks for 2024/25.

  • The USDA’s weekly export data showed a marketing year low and Russian wheat exports for the year down 1MMT from last month’s numbers.

  • In the short term, weather in the Northern Hemisphere is a concern and lower Russian exports could provide support.


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

The energy released by a bolt of lightening is about the same as that stored in 30 gallons of petrol and the energy needed to manufacture a new car is equivalent to 260 gallons of petrol.


Notes:

All data in this report are provided by KW. 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


Livestock Straights Feed Prices


 

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 01/01/21 to 15/01/25 (£/t)

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





 

Currency Trends as of 15/01/2025. Blue = GBP:USD. Red = GBP:EUR




 

Applications and Data Analytics for Orion developed by Demand Economics Ltd.


 

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