By Owen Cligg, Trading Manager
Prices are buoyant at present with £330.00 ex farm available for harvest in some areas. A mixture of improved Matif futures and lower currency are both helping. Soya prices have also increased as Chinese demand is much improved and Brazilian stocks have been drawn down. Vegetable oil prices are also improving as crude oil prices appreciate. The danger in this may occur when OPEC review supply in August.
The combines have been rolling in the south with yields struggling to better last year's results. Typical yields are running at 3 tonnes/hectare which does little to help the current likely supply deficit. That of course assumes that the crushing plant at Erith gets up and running soon, as without that demand we will need to export.
There is little report at present as oat millers await quality data of new crop. Their buying aspirations are below £130.00 ex farm for milling basis harvest movement so on that basis our advice is to wait for more information.
Again we are waiting for harvest to begin, but export interest is somewhat subdued although most merchants have a programme in place offering prices circa £200/tonne for the autumn.
United Oilseeds has LG Aurelia OSR seed ready for delivery on farm now. Aurelia is the highest yielding hybrid variety on the AHDB Recommended List 2020-21. It is a new generation trait-loaded variety with TuYV, pod shatter and RLM7 resistance. Vigorous in autumn, it is the only variety with twin "8" ratings from the AHDB for Light Leaf Spot and Stem Canker. Contact your local United Oilseeds Area Manager or tel: 01380 729 200.