The latest episode of FeedCast is brought to you by James Barker, our Raw Materials Buyer. As usual he will be providing an outlook on the protein, mid protein and cereal markets.
James starts with discussing the USDA plantings report and how its affected the market. A couple of main headlines are that there has been 2 million acres added to the march corn planted acreage which is very bareish news to the corn market. This has filtered through to our maize and other cereal markets including wheat and barley in the UK. The bullish sentiment to come from the report is that they have reduced the soy meal planting area by 4 million acres. From this we have seen some sharp price increases regarding soy meal, due to factors such as the weather, it is worth keeping an eye on the situation. It is a good time to be looking at cover for soy meal through till October and also looking at winter prices.
There is some good news regarding the corn market, we have seen this come down significantly this week due to the estimated volume. We have already seen this come back into our maize prices with whole and ground maize levels being the best they have all season. Hopefully this will transpire into our wheat and barley prices. We are currently seeing wheat trade between £185 nov futures through to £210 which is at the bottom of the range. Sodawheat, whole wheat and barley are all selling well along with products such as Sugarich. It is worth looking at cover and taking advantage of the cereal markets as they are.
With the grain deal set to expire on the 17th July things are still up in the air as we are hearing that there is going to be no negotiation. Although this was the case previously, it is looking less likely that this will change this time round. Volatility is to be expected, especially as we get closer to the deadline.
Rapemeal is very tight for July as the main crushers in the UK haven’t got any old crop material to sell, we are very hand to mouth on what is available.
Moving onto distillers, Ensus and Vivergo distillers are still available at competitive prices. Soya Hulls have been relatively unchanged for July – Oct for a while now and are generally trading between £195-£200. Looking at wheatfeed the markets are currently tight with fixings not being readily available.
As always get in touch with your sales representative or contact us in the office if you have any queries.
Legal Disclaimer:
Please note: The information provided during this podcast has been prepared for general informational purposes only and does not constitute advice. The information must not be relied upon for any purpose and no representation or warranty is given as to its accuracy, completeness or otherwise. Any reference to other organisations, businesses or products during the podcast are not endorsements or recommendations of AB Agri or its affiliated companies. The views of the presenter are personal and may not be the views of AB Agri. The contents of this podcast are the copyright of AB Agri.
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James starts with discussing the USDA plantings report and how its affected the market. A couple of main headlines are that there has been 2 million acres added to the march corn planted acreage which is very bareish news to the corn market. This has filtered through to our maize and other cereal markets including wheat and barley in the UK. The bullish sentiment to come from the report is that they have reduced the soy meal planting area by 4 million acres. From this we have seen some sharp price increases regarding soy meal, due to factors such as the weather, it is worth keeping an eye on the situation. It is a good time to be looking at cover for soy meal through till October and also looking at winter prices.
There is some good news regarding the corn market, we have seen this come down significantly this week due to the estimated volume. We have already seen this come back into our maize prices with whole and ground maize levels being the best they have all season. Hopefully this will transpire into our wheat and barley prices. We are currently seeing wheat trade between £185 nov futures through to £210 which is at the bottom of the range. Sodawheat, whole wheat and barley are all selling well along with products such as Sugarich. It is worth looking at cover and taking advantage of the cereal markets as they are.
With the grain deal set to expire on the 17th July things are still up in the air as we are hearing that there is going to be no negotiation. Although this was the case previously, it is looking less likely that this will change this time round. Volatility is to be expected, especially as we get closer to the deadline.
Rapemeal is very tight for July as the main crushers in the UK haven’t got any old crop material to sell, we are very hand to mouth on what is available.
Moving onto distillers, Ensus and Vivergo distillers are still available at competitive prices. Soya Hulls have been relatively unchanged for July – Oct for a while now and are generally trading between £195-£200. Looking at wheatfeed the markets are currently tight with fixings not being readily available.
As always get in touch with your sales representative or contact us in the office if you have any queries.
Legal Disclaimer:
Please note: The information provided during this podcast has been prepared for general informational purposes only and does not constitute advice. The information must not be relied upon for any purpose and no representation or warranty is given as to its accuracy, completeness or otherwise. Any reference to other organisations, businesses or products during the podcast are not endorsements or recommendations of AB Agri or its affiliated companies. The views of the presenter are personal and may not be the views of AB Agri. The contents of this podcast are the copyright of AB Agri.
Continue reading...