Commodity Market Report 19th February 2020

Soya

• Spot prices are up slightly this week and nearby prices are still at a premium as shippers await new stocks arriving into various stores around the country.
• Argentinian farmers are still holding onto their beans which is keeping stocks short.
• Currently no weather concerns in South America, although heavy rain in some parts of Brazil is causing delays. Brazilian harvest is running behind at 21% compared to 36% last year. 
• There are also delays at Brazilian port loading the beans causing nearby shortages.
• The Fund buyers hold a short position and when China start buying US beans again following the phase 1 agreement with the U.S, we could see prices rise.
• If you haven’t covered your summer requirements yet, please ring us for delivered prices.

Rapemeal

• New crop Rape prices are down this week. There has been a lot of cover taken over the last week, so if you still have to buy your rapemeal for the autumn and next winter, give us a call.

Distillers and Maize Gluten

• Corn distillers – price for May/Aug is down this week. There has been a lot of cover taken so ring us if you are looking for prices.
• We can also offer prices for a wheat/maize distillers product. Ring for details.
• Gluten values are unchanged this week and have one price for now through to Apr 2021.

Fibres

• Soya hulls prices are mainly unchanged this week. We won’t see lower prices until new shipments start to arrive in June when South American soya beans arrive.
• Imported sugarbeet available from Avonmouth and Liverpool for Feb/Apr. Home produced product is now available again but in limited volumes. Please call if you have any interest through until August.

Moist Blends

• We have moist blends available. Selcoplus in the North and Amyplus in the South.
• AmyPlus/Selcoplus are performance moist feeds, butritionally rich in energy and protein and ideal for driving intakes.
• The appealing fresh aroma and higher dry matter make either a valuable component for your Dairy, Beef or Sheep rations.
• We have always had positive feedback from previous and existing customers.
• We can currently offer delivery on artic or rigid and also offer fixed prices for forward contracts.

Maize Seed

• Utilising maize adds starch to the diet. Growing an early maturing variety will enable sowing of a follow on crop for example grass or cereals. 
• Wholecrop offers an alternative forage option and adds some fibre to the mix. With an early harvest it allows the sowing of a catch crop which can then be followed by a cereal crop.

Fertiliser

• The market has stalled both orders & prices due to current UK weather conditions
• AN & ANS grades whether UK or imported prices have flatten out  
• Blenders still have stock to sell so prices still very competitive
• Both Yara & CF are carrying over their February prices into March 
• February is getting full for deliveries soon all supplier will move to March delivery end of this week 
• There are concerns now that the wet weather will mean crops don’t get planted and fertiliser volumes will be down 10% this season  
   

Market Prices 19/02/20

All prices Ex Port, subject to change without notice, please ring for quotes.
 

Weekly Trend

• £/$ 1.30 - Sterling unchanged
• £/Euro 1.2036 - Sterling higher
   

Red = Price Firmer
Green = Price Lower
Black = Price Same

The information contained herein is taken from sources we believe reliable, ForFarmers does not guarantee that it is accurate or complete and should be used for information purposes only. Market comments are the opinion of the author, and are not capable nor intended to create any legally binding obligations on either party.