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Straights Update

27th February 2019  Currency - £/$ 1.3306  £/Euro 1.1704

Trade Talks

Grain prices have been coming under pressure – the sun’s shining, no harsh conditions throughout Europe and spring fieldwork is well underway with most winter crops in good and fair condition.  Globally one prospect of higher prices could come from a US/China trade deal – still waiting….  The US maize area has been forecast up 3.3% which has weakened that market. 

 It was reported today that Ensus will re-open in March which is likely to be supportive to UK wheat prices.  It may be worth looking at any requirements for old crop material.  

In spite of the announcement that China have agreed to buy an extra 10MMT soybeans no orders have yet been reported in the pipeline.  The Brazilian soybean harvest is nearly 50% complete which is twice as much as this time last year.  The weather in Argentina is good and not looking as if there will be any issues.

As you will see on the price grid there is little enthusiasm by the markets to support agricultural commodities at the moment.

Volac will be increasing Megalac by £30 by the end of next week.  Please place any March and April requirements by then to secure current levels.

NovaPro is a new product manufactured in the UK using home grown rapeseed.  NovaPro is a high energy, hot pressed rumen protected rapeseed expeller supplying similar quantity of rumen bypass protein as hipro soya with significantly higher energy content than rapeseed meal due to higher retained friendly oil.  Please call your local office for more details and prices.  Available in 29t tipped loads.

 
 SOUTHERN PORT GUIDE PRICES
 
 
Please call your local trading office for an accurate quotation as these are guide only and may vary in your region. Any opinions expressed are subject to change without notice.
27thFebruary 2019
Feb-April 19
May – Oct 19
Nov – April 20
Hipro Soya
283.00
284.00
291.00
Price change since
13th Feb 2019
-11
-10
-9
Rapemeal
Ex South Coast
222.00
May-Jul 230
Aug-Oct 210
Price change since
13th Feb 2019
-10
-7
-5
Soya Hulls
138.00
136.00
146.00
Price change since
13h Feb 2019
-14
-7
-4
Sugar Beet
192/194
200.00
174.00
Price change since
13th Feb 2019
-1
-3
-20
Maize Dist
213/210
Jun-206.00
206.00
Price change since
13th Feb 2019
-1
-2
-2
Wheat Gluten
186.00
186
Nov-Dec 186
Price change since
13th Feb 2019
-2
-
-
Maize Gluten
195.00
195.00
195.00
Price change since
29th Jan 2019
-4
-4
-4
Whole Maize
172.00
 172.00
172.00
Price change since
29th Jan 2019
-1
-4
Plus £10 ground
Rapemeal
Ex Erith
212/211
May/Jul 199
Aug/Oct 187
Nov/Jan 199
Price change since
13th Feb 2019
+1/0
0/-3
-
Palm Kernal
125.00
Jun-Sep 122
122.00
Price change since
13th Feb 2019
-3
+2
-1
 
 
 
 
   
 
 
 
 

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