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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
 

21st October 2020

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

£/$1.314

£/€ 1.109

 

**OFFER ENDS 31ST OCTOBER 2020** OFFER ON NADINS HYDRAMIX LIME – CALL YOUR LOCAL TRADING OFFICE FOR DETAILS!

High Proteins

Hipro soya –High Chinese demand and a late Brazilian harvest mean the US sellers have good demand and will do for the foreseeable. Argentinian farmers remain reluctant sellers so crush levels remain low. Some rains are forecast for South America which will help plantings, but the market remains very cautious. Prices are likely to stay high through to the end of the year, with delays to shipments expected. Brexit and a potential deal could provide a buying opportunity, but No Deal could make prices worse.

Rapemeal –Erith have delayed reopening to middle of next week, so spot material is very tight now as any surplus is being bought up to supply consumers until then. Prices have been supported by soya levels and by mid protein markets. Low crush figures for September provided some support as well, and some crushers in Europe may be swapping to sunflower or soya crushing instead. Normally crushers are carrying some stock into winter of meal but this has all been used up by ADM/UK market.

 

Mid Proteins

Glutens – No availability on maize gluten at origin until February, and Chinese demand is keeping maize prices supported, and slow harvest in the Black Sea region is also supporting. 

Distillers –High freight rates and low river levels are delaying maize distillers supplies, so prices nearby are continuing to rise. Additionally the higher maize prices are supporting as well. Wheat distillers continue up as there is plants on downtime across the EU and the US. Poor ethanol margin mean it is unlikely there will be push for more product.

 

Energies

Wheat/barley – Drier weather in Russia and other key areas is causing concern. Rains in the UK are delaying further plantings as well, so we could see a reduction in planted acres. Barley is catching up with wheat but remains at a big discount still. Export demand for it is very good, so unlikely to come back.

Maize –High Chinese demand keeps US stocks tight and delays harvesting in the Black Sea mean prices have moved higher.

 

Fibres

Soya hulls –Very little available at origin, Argentina’s crush is very low (due to lack of farmer selling), while the US are sold out. If Argentinian crush doesn’t increase we are likely to see increasing prices.

Sugarbeet –As with hulls, very little supply around due to reduced crops. This will make summer availability potentially very difficult.

 

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.

 

14th Oct 20

Oct 20

Nov-April 20

May-Oct 21

Hipro Soya

asa 382  +18

376

+16

341

+7

­­­­­­­­­­­­­­Rapemeal

Ex South Coast

266

+2

254

+7

233

+5

Rapemeal

Ex Erith

POA

 

241

+9

219

+6

Soya Hulls

176

+4

176

+4

172

+6

Sugar Beet

192

+2

192

+3

196

+2

Maize Distillers

246

+4

240

+1

238

+4

Wheat Gluten

181

+3

181

+2

POA

 

Maize Gluten

220

+2

214

+2

214

+2

Whole Maize

203

+7

203

+8

206

+8

Plus £10 ground

Wheat Distillers

252

+5

250

+3

250

+3

Palm Kernel Exp

175

+2

174

+1

172

+2

Price changes since 14th Oct 2020