Orion Farming Group Weekly Straights Update: 27 November 2025
- Orion Farming Group
- Nov 27, 2025
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
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A week prices eased back a bit, as the US market calmed with more traders opting to “buy the rumour, sell the fact” – selling the fact now!
The USDA announced 1.58MMT of soybean sales to China last week, to be expected, but still a good chunk below the pledged amount.
Export inspections for the US beans remain 45% behind last year, which provides a reminder that there is still a lot of US beans with no homes and prices are still sitting above Brazilian prices.
The window for US exports is narrowing, with Brazil set to start harvesting in February.
Argentina is now at 24.6% planted, which is 3.3% behind the 5 year average due to the floods in some regions.
Drought conditions in northern Brazil has slowed down the planting pace, but they are still 98.8% planted.
The weather in South America needs to be watched closely, as it could provide an extra boost to soya markets.
Some further news was the official proposed delay to EUDR for 1 year (again).
Europe has been stocking up ahead of implementation and so if this gets voted in, there could be a glut of soya on the market.
Despite the news on EUDR, prices were relatively unchanged, as it had already been well priced against soya and still looks well priced despite soya moving back a bit.
Demand is sluggish with the market waiting on the EUDR vote, soya market potential and a lack of confidence to book ahead with the drop in milk price.
Erith sits at 61% of the soya price for winter and summer and Liverpool sits at 68% for winter and summer.
Prices are a little firmer for the next month or two as shippers await their next shipments.
Forward prices continue to look good.
Next summer could still see a better day.
Nearby premiums for maize distillers are firming as supply tightens up.
Prices at origin in the US are increasing as demand for both the domestic and export markets remain strong.
Ethanol production in the US increased last week, but the margins for producers are only just over break-even, so it looks unlikely distillers will soften in the coming weeks.
Still no news on the Ensus front, but it’s looking increasingly bleak with Ensus no longer running until they are advised of government support or not.
No movement or news week on week.
Supply is limited, but demand is also quite steady.
London futures moved down a little week on week. but physical prices remain buoyant, especially on barley where demand continues to outstrip supply.
Currently in a market with reluctant sellers, which is keeping physical premiums present.
There remains strong competition between major exporting countries and this is keeping futures under pressure.
And finally, totally irrelevant but quite interesting facts of the week…….
Arnold Schwarzenegger earned more than £20,000 per word for his role in Terminator 2 and the movie Blade Runner was based on a novel by Philip K Dick. Director Ridley Scott never finished the book and Dick never saw the film.
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 26/11/2025. Blue = GBP:USD. Red = GBP:EUR
