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straights report
Lifton Mill - Tel: 01566 780261 0845 6027321* | Hungerford - Tel: 01488 684155 | Carmarthen - Tel: 01267 223716  Email - 
[email protected]Somerford - Tel: 01260 279539
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Straights Update

Please call your local trading office

Lifton 01566 780261           
Carmathen 01267 223716                     
Somerford/Hungerford 01488 648155

Megalac will be going up in price by the end of next week – please order February requirements asap to take advantage of January levels.


Old Crop Situation in Argentina  - not much soya left and with Vicentine still not operational leaving supply very much reduced. What happens in Chicago is irrelevant and the premiums are going up and up.  Shippers will be reluctant to bring in unsold material at higher prices which could lead to shortages and higher prices.  A rangebound Sterling won’t help the situation so difficult to see what could improve prices.  There is a valid argument for contracting tonnage to cover at least through to late May as new crop tonnage is unlikely to appear until well into May.

Summer South American crops look good and although there is heavy rain in Brazil the yields there have been coming off as good or better than trade estimates.  What China will do in the markets is an unknown factor; a reasonable export figure is priced in but they could come in for more tonnage than expected and this would be supportive to the price.  It could be worth some cover at current levels.







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