Orion Farming Group Weekly Straights Update: 9th April 2026
- Orion Farming Group
- Apr 9
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
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Overall a steady week though the premium is becoming more cemented for Apr-Jun in some cases.
The nearby premium looks likely to remain unless more shipments come in which is unlikely as most UK shippers want to keep stocks low to avoid rolling from old to new crop, where prices will drop.
US traders are focussing back on how planting progress will go over the coming weeks as well as trade negotiations between the US and China.
The US acreage is projected at 84.7 million acres slightly lower than the USDA predicted in February.
The Brazilian harvest is now 82% complete, slightly behind previous years by 5%.
Argentina’s harvest is beginning to get going and this is the main reason for the nearby premium as product won’t land on our shores for another 8-12 weeks.
Logistics difficulties and freight rates are keeping prices elevated.
Another week with no Erith and with no agreement from the HSE this continues to keep spot material very tight with no current offers until May.
Should Erith restart imminently shippers could relax slightly and begin offering some material but how much they have is very dependant on how much longer Erith is out of action.
It’s thought there’s not much available material, so pressure on April’s prices looks unlikely as it stands.
Summer values remain more linked to soya pricing, sitting around 63% for Erith rapemeal vs soya, which isn’t a bad level.
Liverpool sits around 71% but the May/Jul premium is still a reasonable premium over Aug/Oct vs Erith.
Availability nearby is still tight with slightly more limited supply available as shipments are pushed back to Jun/Jul.
Shippers continue to run stocks tighter to avoid carrying too much into a discounted period of time.
The market awaits Ensus’s restart, but there has been a little downward movement in imported prices in anticipation of an offer from them.
The restart should give buyers a good opportunity to get some cover in place for the summer period.
An unchanged market with no home or imported material offered and it’s unlikely to change imminently.
Though shippers are working on options to see if there is anything that could work for summer offers, but material is hard to find and demand is lacklustre at prices that are being bandied around.
London futures moved higher, while US prices remained steady to lower.
US prices came back due to hopes that the end of the conflict in the Middle East may be near but also forecasted rains in the plains which has eased drought concerns somewhat.
Fundamentally, nothing has changed globally, though in the UK buying from Ensus has provided support.
It seems the markets are trying to focus back on S&D rather than war rhetoric.
And finally, totally irrelevant but quite interesting facts of the week…….Bacteria have the smallest eyeballs in nature but the largest relative to their size and bees know when it’s going to rain, so they put in extra work the day before.
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 09.04.26 Blue = GBP:USD. Red = GBP:EUR
