Orion Farming Group Weekly Straights Update: 9th July 2026

Joe Cobb
Jul 9
3 min read

Updated: Jul 13

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.

Click on a product name for more information

Hipro Soya

Last week’s report on acreage and stock was uneventful - soya stocks slightly above the average estimate and acreage in line with expectation.
Little attention paid to the weather in the US last week as the heatwave was not too widely spread and there was still enough rain to counter the impact on soil moisture.
These forecasts changed over the weekend to show more widespread heat and reduced rainfall over the mid-west.
This pushed funds into buying mode and put some weather premiums back into the market.
It’s still a little early to be concerned about yields as pod-filling is mainly August, but the market will be watching to see if soil moistures drop ahead of that month, as that will make rainfall in August more critical.
There was also some renewed Chinese buying interest in new crop US beans, rumoured to be as much as 10 cargoes.
There was further news of a thaw in US-China relations, with China dropping the 10% tariff on US agricultural good including soybeans and the US dropping the 10% fentanyl tariff in return.
This all lends itself to an increase in Chinese buying of US beans, though this is likely to be at the expense of Brazil, so it’s less likely to impact on A/O soya values but will increase North American values.

Rapemeal

A steadier week until Monday when the market turned sharply firmer due to the moves in the soya market.
In more fundamental news, there is more focus moving back onto European harvest progress, early yield reports and increased farmer selling, rather than the risk of crop stress from the recent heatwaves.
Canada released acreage reports for canola, coming in at 23.4 million acres which was higher than expected and higher than last year. Canadian weather is mixed.
Aug/Oct values continue to be keenly priced vs soya, 60% for Erith and 69% for Liverpool.
Winter values still hold large premiums as crushers are less inclined to price to sell – 65% of soya in Erith and 73% in Liverpool.

Soya hulls

Prices are still easing a little at a time due to a lack of demand in the UK for fibres, given the good forage conditions of late.
Europe is in a different situation but there is enough product around to keep pressure on.

Distillers

There have been some more competitive offers on for Aug/Nov as shippers look to get some sales on the book.
As concerns grow around the European and (to a lesser degree) US crops, the increasing corn prices could impact ethanol margins.
US production is still strong as demand and operating margins remain positive with pricing remaining steady.
US dried distillers production was up 11% in May from the previous month, but 1% less than the previous year – this reinforces that producers are drying more product for export than earlier in the year, hence the lower prices seen of late.

Sugarbeet

Yet again, no change.

Wheat/Barley

A more positive tone for the London wheat futures over the last week.
This started with the US stock and acreage report - stocks and acreage were both lower than expected.
This pushed US wheat markets higher.
The US crop condition situation remains mixed as the poor start for winter crops is still showing 26% good-excellent vs 48% last year.
European weather is still bringing an unknown to the table as markets are cautious about what impact the heatwaves may have had, but countered by harvest beginning to get going.

And finally, totally irrelevant but quite interesting facts of the week…A snowflake that falls on a glacier in central Greenland can take 200,000 years to reach the sea and the boa constrictor is the only living animal whose common name is exactly the same as its scientific name

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.

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.

​Click on a product name for more information

Hipro Soya

Last week’s report on acreage and stock was uneventful - soya stocks slightly above the average estimate and acreage in line with expectation.

Little attention paid to the weather in the US last week as the heatwave was not too widely spread and there was still enough rain to counter the impact on soil moisture.

These forecasts changed over the weekend to show more widespread heat and reduced rainfall over the mid-west.

This pushed funds into buying mode and put some weather premiums back into the market.

It’s still a little early to be concerned about yields as pod-filling is mainly August, but the market will be watching to see if soil moistures drop ahead of that month, as that will make rainfall in August more critical.

There was also some renewed Chinese buying interest in new crop US beans, rumoured to be as much as 10 cargoes.

There was further news of a thaw in US-China relations, with China dropping the 10% tariff on US agricultural good including soybeans and the US dropping the 10% fentanyl tariff in return.

This all lends itself to an increase in Chinese buying of US beans, though this is likely to be at the expense of Brazil, so it’s less likely to impact on A/O soya values but will increase North American values.

Rapemeal

A steadier week until Monday when the market turned sharply firmer due to the moves in the soya market.

In more fundamental news, there is more focus moving back onto European harvest progress, early yield reports and increased farmer selling, rather than the risk of crop stress from the recent heatwaves.

Canada released acreage reports for canola, coming in at 23.4 million acres which was higher than expected and higher than last year. Canadian weather is mixed.

Aug/Oct values continue to be keenly priced vs soya, 60% for Erith and 69% for Liverpool.

Winter values still hold large premiums as crushers are less inclined to price to sell – 65% of soya in Erith and 73% in Liverpool.

Soya hulls

Prices are still easing a little at a time due to a lack of demand in the UK for fibres, given the good forage conditions of late.

Europe is in a different situation but there is enough product around to keep pressure on.

Distillers

There have been some more competitive offers on for Aug/Nov as shippers look to get some sales on the book.

As concerns grow around the European and (to a lesser degree) US crops, the increasing corn prices could impact ethanol margins.

US production is still strong as demand and operating margins remain positive with pricing remaining steady.

US dried distillers production was up 11% in May from the previous month, but 1% less than the previous year – this reinforces that producers are drying more product for export than earlier in the year, hence the lower prices seen of late.

Sugarbeet

Yet again, no change.

Wheat/Barley

A more positive tone for the London wheat futures over the last week.

This started with the US stock and acreage report - stocks and acreage were both lower than expected.

This pushed US wheat markets higher.

The US crop condition situation remains mixed as the poor start for winter crops is still showing 26% good-excellent vs 48% last year.

European weather is still bringing an unknown to the table as markets are cautious about what impact the heatwaves may have had, but countered by harvest beginning to get going.

And finally, totally irrelevant but quite interesting facts of the week…A snowflake that falls on a glacier in central Greenland can take 200,000 years to reach the sea and the boa constrictor is the only living animal whose common name is exactly the same as its scientific name

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 9 July 2026 Blue = GBP:USD. Red = GBP:EUR

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