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Weekly Straights Update

Lifton Mill - Tel: 01566 780261 / 0845 6027321* | Hungerford - Tel: 01488 684155 | Carmarthen - Tel: 01267 223716  | Email - [email protected] | Somerford - Tel: 01260 282500
*Calls to this number cost up to 7p per minute plus your phone company’s access charge. 

Straights Update

Please call your local trading office

Lifton 01566 780261           
Carmarthen 01267 223716                     
Somerford 01260 282500
Hungerford 01488 684155
 

13th January 2021

Coronavirus update: Whilst at the moment the feed supply chain has not been impacted in terms of raw material availability, we need to be aware of the potential situations that could occur – e.g. ports or hauliers coming under pressure if drivers/dock workers are required to self-isolate. We are therefore asking for plenty of notice regarding your orders to help manage supply going forwards. The trading team will continue to keep you updated going forward.

Currency

£/$1.364

£/€ 1.121

 

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High Proteins

Hipro soya –Prices moved sharply higher again. Brazilian harvest is now underway slowly and is expected to be 15-20 days delayed in Mato Grosso. Rains still are sporadic across South America, which won’t help crop yields. The latest USDA report cut stocks and so the market moved higher in response. Currency offset a little as it improved to $1.367 at one point. Supplies are still tight for Jan/Feb as Argentina plays catch up with shipments.

Rapemeal –Soya dragged rapemeal up, whilst also not helped by reduced distillers and sunflower availability. It could be worth looking at some cover through to Oct, as there will be a tighter European market due to a plant in Ghent being closed.

 

Mid Proteins

Glutens –Limited wheat gluten through to April, so would be prudent to cover. Maize gluten is tight nearby, and maize markets keep it supported pricewise, as well as US domestic demand.

Distillers –Nothing around to buy currently, and limited offers for summer material, due to lack of ethanol demand, and a lot of plant swapped to maize where they could. Maize distillers are a little more available, but supply is limited at origin, so prices staying higher, as well as getting support from higher maize prices.

 

Energies

Wheat/barley –Wheat prices moved up in response to import levels. Russia continues to have issues with export quotas and tariffs. Barley is being exported at a big rate, as it competes, will likely result in the price increasing.

Maize – Prices moved up with Argentinian farmers striking in response to the government suspending exports, this was lifted but replaced with a sales cap instead, though a backlog of vessels remain. The WASDE report cut crop estimates and therefore ending stocks, moving prices higher also.

 

 

 

Fibres

Soya hulls –Nearby market tight still, as shipments haven’t come over yet (backlog from the Argentinian strikes). Summer levels compete against sugarbeet.

Sugarbeet – Limited supply, so prices are unlikely to ease. No 2nd offer on home produced this year, due to the smaller crop.

Southern Port Guide Prices

Please call your local trading office for an accurate quotation as these are guides only and may vary in your region. Any opinions expressed are subject to change without notice.

 

13th Jan 2021

Jan 21

Feb-April 21

May-Oct 21

Hipro Soya

454 +17

asa 444

+23

asa 408

+18

­­­­­­­­­­­­­­Rapemeal

Ex South Coast

302

+13

298

+32

254

+13

Rapemeal

Ex Erith

POA

 

 277

+14

238

+11

Soya Hulls

218

-1

asa 214

+24

asa 175

+1

Sugar Beet

227

+3

230

+6

237

+8

Maize Distillers

289

+15

284

+14

279

+33

Wheat Gluten

POA

 

asa 199

+3

194

 

Maize Gluten

244

 

asa 244

+4

228

0

Whole Maize

222

+10

222

+10

asa 224

+13

Plus £10 ground

Wheat Distillers

POA

 

POA

 

POA

 

Palm Kernel Exp

asa 199

+3

199

+3

192

+3

Price changes since 6th January 2021