Orion Farming Group Weekly Straights Update: 8th January 2026
- Orion Farming Group
- Jan 8
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
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Over the course of the last two weeks, weather in Argentina and Brazil went through a full U-turn with good rains initially then moving to a dry forecast which caused a little concern and then back to rain.
Overall South American crops look to be in a good position and record crops are still expected especially from Brazil.
China continued to buy over the past few weeks with further rumours of purchases this week, though demand may soon switch to Brazil, so the market is viewing any current buying as bullish for US beans.
Overall a quiet few weeks with prices much better than a month ago, though there is still potential for some further downside, if the big crops in South America are realised..
Prices continued to come under pressure both from soybean prices and also rape crush margins.
Rapeseed oil prices had moved higher pre-Christmas and seed prices lower, offering better crush margins for producers, meaning keener prices are offered through to October, as crushers look to lock in those margins.
Canola prices in Canada have come under pressure as global rapeseed production estimates are indicating a record 94.2MMT (good yields in the EU, Canada and Australia), which would outstrip demand.
Veg oil markets are uncertain what the political upheaval in Venezuela will mean for crude oil supplies – for now it seems to be supporting prices – good news for soya and rape meal.
Availability remains tight for both Liverpool and Erith for January, but with good amounts of imported meal/pellets, prices nearby aren’t running away.
Prices remained steady overall as demand seems to be well matched with supply.
Nearby remains at a premium as shippers are not overrun with stock ahead of the next shipments in the coming months.
Potential for further downside for the summer, given the size of crops expected from South America.
Imported maize distillers prices remained supported as US production for November was down 9% month on month and down 5% vs Nov 24.
Ethanol production in the US overall remains strong, still with positive margins.
River logistics remain a sticking point for exports, which continues to keep the nearby premium here in place.
Imported wheat distillers still moving lower as they try to find a place in rations against better priced products.
No news on Ensus, so seems increasingly likely they will not restart and will close, given the lack of government support.
An unchanged market with supply very static and no additional expected to come to the market.
Home produced will continue to be tight, whilst the lack of demand at current prices means shippers are not keen to bring too much imported product to the UK.
Wheat futures continued to be pressured by large global supplies, eg. Argentinian crop almost complete at 28MMT.
Physical prices in the UK are not seeing the same level of pressure on the whole, with barley staying well supported on a lack of sellers.
And finally, totally irrelevant but quite interesting facts of the week…….
Paperclips float on water and A.A. Milne planned a film adaptation of Pride and Prejudice, with Mr Darcy played by Eeyore.
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 08.01.26 Blue = GBP:USD. Red = GBP:EUR
