Orion Farming Group Weekly Straights Update: 4th December 2025
- Orion Farming Group
- Dec 4, 2025
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
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A quiet week in the trade with the US on holiday Thursday and then reduced trade on Friday too.
Minimal fresh news, with a predominately downward trend as traders look to sell whilst they remain unsure of how much bullish news there is.
There was no Chinese buying to start the week and no actual shipping of any of the purchases from the last month, so there is some scepticism creeping back in, especially against a heavy global supply of beans.
China has suspended imports from 5 Brazilian processing plants due to wheat in the cargos, which should push them towards US beans, but it’s not happening yet.
The only flag for supporting prices is potential dry weather in Brazil – there has been some sporadic rain, but soil moisture is dropping below typical values.
Brazil are 99% planted and Argentina at 36%, but excess moisture in some regions still causing delays.
The European parliament voted in favour to delay EUDR by 12 months and a simplification review. This still need ratifying (date unknown), so again it’s not yet gospel!
Rapemeal continues to ease back for next spring onwards, whilst supply issues at Erith and haulage availability for December continue to keep supply tight nearby.
Imported product could become tighter as compounders look to secure additional loads.
As before, expect prices to be driven by the soya market, as rapemeal still looks reasonable value vs soya.
Prices remained at similar levels to last week as the market seems to be better supplied now going into the New Year.
Levels look competitive vs sugarbeet.
Prices calmed down a bit last week as buying interest in the UK eased back.
There was a chunk of buying as Ensus began shipping in product to supply contracts, as it begins to look less likely they will continue to run – still no government announcement on that.
Wheat distillers have moved back a little more, as they look to try and find a level that will secure some inclusion back into rations.
No new news again – same old story of reduced supply so prices remain high, but demand is sluggish too.
Lower prices again week on week particularly on futures, due to ample global supplies creating a competitive export market.
Australia’s winter crop estimate has increased by 10% which would be the second largest on record (wheat up 1.8MMT and barley up 1.1MMT).
Additionally, Argentina are now estimating 25.5MMT (up 1.5MMT) for wheat 2025/26.
The EU has also put soft wheat estimates up 0.8MMT, with weather conditions favourable for winter crops in the ground.
Negotiations on a peace deal between Russia and Ukraine could also offer further pressure to prices, if a deal is agreed.
And finally, totally irrelevant but quite interesting facts of the week…….
Coyotes in the US have learnt how traffic lights work so they can cross the road safely and traffic lights were introduced 18 years before the car was invented.
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 03/12/2025. Blue = GBP:USD. Red = GBP:EUR
