The figures in the charts are an indication only and reflect levels traded on Wednesday.
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Planting in South America has picked up with Brazil having reached 80% in the ground.
Concerns over drought in the south are causing worries for planting areas and is worth keeping an eye on.
Currency has bounced back after reacting to Trump’s talk of import tariffs and tax-cuts which has helped to maintain a bearish market.
Currently soya levels are at the lowest  they have been in the last 4 years.
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Currently when compared against soya, rapemeal isn’t value, however compared to distillers and beans it is.
Rapemeal continues to track soya, which if soya continues to drop rapemeal will follow.
Crushes have been focusing on soya due to better premiums, but this is likely to change come the New Year.
No great change week on week.
Demand has started to pick up a little this week, which has been helped by slightly stronger sterling.
Argentinian weather is still a concern however only time will tell.
Distiller feel under pressure at the moment from a weak soya market.
The current outlook positive with good run rates in the US.
All logistical issues in the US gulf from previous months seem to have cleared.
Currency is helping to keep levels firmer, so that’s something to keep an eye on.
Unsurprisingly the sugarbeet market hasn’t changed in the last 7 days.
Demand for imported material into to the UK seems to be history with domestic demand met with home-produced material.
Availability of UK material remains plentiful, with no anticipated supply issues in the pipeline.
There was a significant drop in the US wheat markets last week due to dollar strength and forecasts of good growing weather in key regions in both the US and Europe.
Rain is expected in the US which will hopefully improve winter wheat conditions.
This resulted in Chicago wheat futures almost at the lowest they have been in in 4 years, which in turn put pressure on Paris milling wheat futures.
Barley prices have been stable due to competitive wheat and maize prices and it is said there is little upside potential as demand is lacking from the main importer, China.
Weather seems to be the driver on prices and needs to be monitored in case of any changes in the US & Europe.
​And finally, totally irrelevant but quite interesting facts of the week…….
In 2018, after a nine-year legal battle, an unemployed man in southern Italy was acquitted of stealing an aubergine and the Lamborghini Countach gets its name from the Pietmontese slang for ‘Holy s**t!’
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
Historical Product Prices​
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Spot Price Trends 01/01/21 to 20/11/2024 (£/t)
​'Price at Fixed GBP to USD (Jan 2018)' takes out the effect of exchange rate movements between £ vs. $
Currency Trends as of 20/11/2024. Blue = GBP:USD. Red = GBP:EUR
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