Orion Farming Group Weekly Straights Update: 3rd September 2026
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.
Hipro Soya
Alongside general strength across the agri commodities due to the Black Sea situation, strong demand for US meal and beans is keeping prices supported.
There’s still concerns around an unapproved GM strain of soya that has been found in South American shipments into the EU, meaning additional purchases of US soya from the EU in order to avoid this situation.
There is still some disagreement over soybean yields for the incoming US crop, which for now means the market is pricing in a tighter S&D balance sheet.
Rapemeal
Nearby prices remain firm due to poor supply as a number of shippers await their next shipments this month.
Forward prices were dragged higher with the shift in Black Sea news, as it won’t aid getting OSR out of Ukraine and into Europe to crush.
River levels on the Rhine are improving but ships are still only able to travel part loaded.
All of the above continues to keep prices higher due to freight.
Against soya rapemeal is a bit more competitive but this is mainly due to increased soya prices than crushers bringing rapemeal prices down.
Erith sits at 67% of soya for the winter and Liverpool at 75%.
Soya hulls
As demand has strengthened in the UK and across Europe for fibres due to the drought and lack of sugarbeet, lows of a few weeks ago are likely to be seen.
Shippers are still re-jigging plans and trying to get some further volumes offered, but with strong demand expected to continue, lower prices are not guaranteed.
Distillers
Prices moved higher last week in part due to high corn prices but also an increase in demand in the US resulting in tighter supplies.
Wheat distillers remain comparatively expensive, but there is little alternative for a pelleted protein product.
It is not known whether Ensus will run beyond October as the government is yet to confirm any further financial support.
Sugarbeet
No change week on week, supply looks very likely to be tight for the winter and what is available will be very expensive.
Wheat/Barley
With the change of direction in the Black Sea conflict wheat futures rallied hard last week.
This has made it increasingly difficult to get physical prices as sellers are even more reluctant, with grain merchants wary of selling material they cannot cover immediately and growers holding onto stock for a better day.
The impact of the re-escalation can be clearly seen by the reduction in Ukrainian exports – grains overall down 12.3% vs the same period last year.
Russia are looking to make grain exports duty-free until the end of the year to boost exports.
For them it cost up to an additional $50/T to re-route grain exports via the Baltics.
Though these routes can only make up for around half of Russian Black Sea export capacity.
Further price movements depend fully on any further developments in that region.
And finally, totally irrelevant but quite interesting facts of the week…
Only two land animals survive entirely on seaweed: the North Ronaldsay sheep and the Galapagos marine iguana and the first nuclear reactor was built in a squash court.
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.
