Orion Farming Group Weekly Straights Update: 9th October 2025
- Ann Lewis
- Oct 9
- 3 min read
The figures in the charts are an indication only and reflect levels traded on Wednesday.
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Prices did push higher at the end of last week, as the markets reacted to Trump’s comments about soybean trade being a large part of the discussions with the Chinese president in a few weeks.
Lack of demand for US beans from China has been a major bearish factor in the market over recent months, especially against s backdrop of a large US crop.
The rally did run out of steam as it went back to focusing on harvest pressure.
The market is reliant on field reports coming in now and private estimates to give some steer on yields/progress.
Weather in the US is good for harvest though, so there should be good progress ongoing.
Quarterly stocks were slightly lower, whilst export inspections are still 500k behind last year, year-to-date.
Nearby prices from Erith firmed as they are well sold, similarly to Liverpool.
Nearby imported rapemeal still looks reasonable value for those able to take pellets.
Minimal movement on forward prices though.
Prices continue to look good value on winter, but summer looks a little steep for now.
Imported prices don’t feature for next summer with Canadian not pricing competitively for the time being – this could change if China and Canada continue their spat.
Similar situation to previous weeks with nearby supply continuing to be tight and so commanding a premium.
Availability is likely to stay tricky in the near months.
For next summer it will depend on how the South American crops go, but demand both globally and domestically within Argentina continues to be strong, so there could be limited downside.
Minimal changes on prices for both imported wheat and maize distillers, as whilst Mississippi river levels have improved, this is not expected to relieve freight issues (or reduce freight rates).
Imported wheat distillers look expensive against other mid-proteins.
Export demand for US ethanol remains strong and although production was lower week on week due to seasonal maintenance margins remain positive.
Domestic demand remains strong in the US for maize distillers, so shippers think downside is limited.
Home produced availability is very tight for the winter and prices are highly unlikely to come back given the poor supply situation.
Imported product may work out a little cheaper depending on location, but it’s not cheap by any measure.
Another sideways week for grain in the UK as prices continued to contend with heavy supplies and stock.
A small boost back into prices at the end of the week, due to import tenders from a few countries, alongside some positive sentiment in the soybean market which dragged other agri commodities higher.
US quarterly stocks were above expectation due to higher production.
Whilst the US government is in shutdown, any further updates on crop progress may not be seen, nor the WASDE report that was due to be released today.
And finally, totally irrelevant but quite interesting facts of the week…….
The world record for the most people sat on one chair is 1,831 and the chance of two expectant mothers with the same due date giving birth on the same day is one in 200.
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 08/10/2025. Blue = GBP:USD. Red = GBP:EUR
