Orion Farming Group Weekly Straights Update: 18th September 2025
- Orion Farming Group
- Sep 18, 2025
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
Click on a product name for more information
Friday’s USDA WASDE report was an odd one with a small cut to US yields, but an increase in harvested area, resulting in an overall increase to production from 116.8MMT to 117MMT.
There was also a reduction in US exports of 272,000 tonnes, cited as due to increased competition from Russia, Canada and Argentina – but no allowances made for a reduction in Chinese purchasing.
A higher crush helped with figures, but overall US ending stocks are predicted to grow.
The rest of the week was dominated by a lack of Chinese buying from the US, despite a decent discount to Brazilian soybeans.
Even with declining yields (due to dry weather, 22% of area now in drought), the crop feels heavy on the market.
There’s not been much pressure on prices, with a predominately sideways trading period.
Prices eased back for another week as crushers continued to try and regain some demand.
Prices remain good value vs soya, with Erith trading at 58% of the hipro soya prices for spot/Jan and 60-61% for Feb/Oct 26.
In Liverpool rapemeal sits at 66% of hipro soya for spot/Jan and 69-70% for Feb/Oct 26.
The summer values look a little dear against winter prices and the new crop discount currently remains quite pitiful.
Nearby supply remains very tricky with shipments due into various ports imminently, though most of this stock is already sold.
Winter hulls look good value against other fibre options.
Still no word on the future of Ensus, but imported maize distillers value continue to creep higher on poor river logistics in the US.
Ethanol production remains strong with good margins, just the higher freight rates keeping it firm here.
Imported wheat distillers are holding steady at a hefty premium to other mid-proteins.
Trident have issued a winter price for home produced sugarbeet but it looks very dear against imported or other fibre options, however the allocations offered a good chunk down from previous years due to the dry spring and summer.
Imported sugarbeet will offer better value options for most.
Friday’s USDA report set out higher global production, demand and trade, but overall higher ending stocks again – estimating global ending stocks at 264.1MMT, a 4MMT increase.
The market traded sideways in the UK for the most part, with the same futures pricing vs physical pricing battle – with producers unwilling to part with grain at lower levels.
And finally, totally irrelevant but quite interesting facts of the week…….
The word ‘Nile’ means ‘river’, so the River Nile means ‘River River’ and the Eas Fors waterfall on the Isle of Mull means ‘Waterfall Waterfall’ waterfall.
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
You can look back at previous product prices here
Use the filters below to select the Product and the Date
Spot Price Trends over the past 12 months (£/t)
'Price at Fixed GBP to USD (Jan 2018)' takes out the effect of exchange rate movements between £ vs. $
Currency Trends as of 17/09/2025. Blue = GBP:USD. Red = GBP:EUR
Applications and Data Analytics for Orion developed by Demand Economics Ltd.