Orion Farming Group Weekly Straights Update: 28th August 2025
- Orion Farming Group
- Aug 28, 2025
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
There will not be a Weekly Straights Update next week.
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Soya meal and bean prices pushed higher over the week, as funds have come in to cover bean shorts due dry weather forecasts in the eastern region.
Some rain is forecast further out, but the market is wary for now.
Crop tours have shown big pod counts and so the market is still optimistic for the USDA estimated yields.
Chinese demand remains non-existent as they continue to buy Brazilian beans at a premium.
Sales of US beans to China are zero for the new crop, which begs the question where this big US crop will go.
Despite these mainly bearish tones to the market, the Chicago bean futures seem to be showing signs of a further rally, which does seem counterintuitive.
Prices for rapemeal compared to soya eased back a little, making it look much more competitive against hipro soya again, for the first time this year.
Overall the market has no fresh news with no progress between Canada and China, so Canadian canola is still looking to other markets to find a home, likely into the EU to a degree.
The main pressure has come from Erith as they seek out some demand.
The market remains tight for the next month with shipments due mid-month, but most shippers have already sold out of those boats.
Demand looks set to remain strong both here and globally, giving little opportunity for lower prices this winter.
Imported distillers prices remained steady with wheat distillers having already moved higher on the news of Vivergo’ s closure.
Maize distillers have not reacted but this could be in part due to the lack of a decision on Ensus’ future.
Discussions are ongoing with the government as they produce CO2 and that market is much tighter than the ethanol market, so there is still potential for a different outcome for that plant.
The US continues to see strong demand for their ethanol, with 2025 exports set to exceed the record for 2024.
Margins remain positive for ethanol producers, whilst production has backed off a little recently it still remains above the trend, so there should still be plenty of US maize distillers in the market.
Still no news, though there is some imported offered for the first half of the winter, which looks an expensive option and possibly not that good value given where rumours are for British sugarbeet values.
Expectation is that a British sugarbeet offer will come once they have done the trial digs in early September and can estimate more accurately the crop size but they are understandably cautious after the dry spring/summer.
London futures remain at similar levels to last week, whilst farm prices also hold steady.
Availability of nearby grain is tricky with some farmers reluctant to sell.
UK harvest is nigh on wrapped up now with very variable yields across the UK and on a more local basis too.
Overall the AHDB report that the wheat yield is 5% below the 5 year average and barley is 1% above the 5 year average, again though it’s worth mentioning that yields are very variable across the UK, so take it with a pinch of salt.
And finally, totally irrelevant but quite interesting facts of the week…….
Bees can fly higher than Mount Everest and cockroaches can hold their breath for 40 minutes.
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
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