The figures in the charts are an indication only and reflect levels traded on Wednesday.
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​Click on a product name for more information
Soya prices firm, bearish sentiment from the advancing South American harvest is tempered by some uncertainty over crop forecasts.
That said, global supplies still look comfortable, with a larger US area also expected to be plated.
Nationwide across the US, soybeans are roughly 3% planted, close to last year’s progress but ahead of the 5-year average.
Prolonged rainfall in Argentina has fuelled fears delays to the ongoing harvest that could cause production losses.
The rainfall adds to March’s higher than normal 200-400mm of precipitation.
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Prices have eased and the price premium over soya has extended further as prices resist bearish tones from soyabeans.
Longer-term, crop sizes will be key.
Northern hemisphere concerns contrast with a potential for a larger Australian crop.
Prices have eased and a lack of forward interest could limit imports, creating technical tightness at destination and price inverses.
Imported maize prices ease and global maize supply forecasts appear to show a well-supplied picture, however South American crop conditions remain uncertain.
The Egyptian harvest is well underway with good crop expectations.
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​And finally, totally irrelevant but quite interesting facts of the week…….
Two tablespoons of dried basil contains the same amount of calcium as a glass of milk and if you unravelled every Slinky ever sold, the wire would circle the Earth mire than 171 times.
Notes:
All data in this report are provided by KW. 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
Historical Product Prices​
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Spot Price Trends 01/01/21 to 17/04/2024 (£/t)
​'Price at Fixed GBP to USD (Jan 2018)' takes out the effect of exchange rate movements between £ vs. $
Currency Trends as of 17/04/2024. Blue = GBP:USD. Red = GBP:EUR
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