The figures in the charts are an indication only and reflect levels traded on Wednesday.
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No huge changes over the last 7 days, with market levels continuing to hover around the same mark.
Concern over South American crops seems to have eased a little with plantings well under way.
All things considered soya is currently good value.
The rapemeal market seems to be following soya fundamentals at the moment.
Levels may dip again once US soya arrives in February but for now it seems the bottom has been hit on the nearby.
Domestic product remains most competitive with imported material unable to compete.
Currently the market seems to be a bit stuck with no real direction.
Demand has reduced off the back of a bearish undertone, with shippers not having seen the uptake they would have expected.
Should Argentina have a big crop in 2025, there is potential for downward pressure.
No huge changes from last week with the US having now completed harvest.
The market is going to be relatively quiet in the next week or so due to the US Thanksgiving celebrations.
River levels are good off the back of recent rains and line ups are moving well in the Gulf.
US politics could affect market levels in the coming months as the Trump administration moves in with potential new tariffs.
The market is likely to find support, but there will be a lid on how much it can go up by.
Overall distillers don’t look as competitive as they have been.
The market remains dormant with very little activity.
British Sugar have withdrawn their first winter offer and prices have increased around £2/T.
That being said there’s plenty of material available with no worries of a shortage.
Wheat markets closed up last week on the back of heightened tensions between Ukraine and Russia.
The first guide on next year’s wheat planting seems to indicate strong intentions this season.
The reports put wheat plantings up 5% y-o-y, but still a long way below the 5 year average.
French planting has increased rapidly, now 90% planted and they are expected to plant an extra 1 million hectares of wheat this winter.
Ukraine is also up 400KMT hectares y-o-y.
US winter wheat is developing well and the favourable weather there could help keep a lid on prices.
With an uncertain market on the nearby, caution would be advised when considering wheat, however barley is becoming increasingly difficult to source.
And finally, totally irrelevant but quite interesting facts of the week…….
Being born in September increases your chances of getting into Oxford or Cambridge by 12% and from 1994 to 2000, Manhattan’s Twins restaurant was staffed entirely by identical twins.
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 27/11/2024 (£/t)
'Price at Fixed GBP to USD (Jan 2018)' takes out the effect of exchange rate movements between £ vs. $
Currency Trends as of 27/11/2024. Blue = GBP:USD. Red = GBP:EUR
Applications and Data Analytics for Orion developed by Demand Economics Ltd.
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