KW FeedCast

The latest episode of FeedCast is brought to you by James Barker and Chris Pickles from our Procurement Team. Chris starts by discussing the recent volatility in regards to the wheat market and how the situation in the Black Sea is affecting the market.  James then talks through the USDA planting intentions report which may show the reduced acreage on the potential for corn and an increase in Soya for the next season. Moving onto mid proteins, prices on the nearby have increased by £25 to £40 a tonne on Rapemeal in the UK over the last 5 or 6 trading days, which has been the largest increase we have seen for a while. To fill the gap we have plenty of Expeller from the Stratford site and also NovaPro which are at very competitive levels. Have a listen to hear the team talk more in-depth on these topics and what else is happening in the market! We hope you have a lovely Easter weekend! 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.

The latest episode of FeedCast is brought to you by James Barker and Laura Hana from our Procurement Team. James starts by discussing Friday’s USDA report and how it has affected the markets. Laura then delves into the fact that although on the day traded levels of Soya look better than Rapemeal on units of protein, Rape Extract / Expeller continues to sell due to it being available for the winter and an opportunity to enhance your sustainability credentials. We have seen people take advantage of this price, and summer cover is high. Soya will not be available from Jan 25 onwards, and it is really worth while looking at alternatives such as NovaPro.   Moving onto cereals, we are seeing some local tightness. If you are looking to take cover on your cereals, it’s a great option to look at products such as biscuitmeal and bread.  With Easter coming up in 3 weeks, please give us a call to get any products booked in that you will need over that time period!  Have a listen to the team talk more in-depth on these topics and what else is happening in the market! 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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Materials expert. Chris kicks of the podcast by discussing how cereals continue to be the biggest mover over the last few weeks. The amount of material coming out of the black sea is having a big impact on the market. Chris discusses the situation in Ukraine, as well as being able to export to the EU they have made great progress with their exports out of Odessa. They are now back to pre-war levels, meaning they now have their old markets and new European markets to supply. Moving onto mid proteins, distillers is fast becoming the best source of mid proteins and a potential buy. NovaPro continues to grow in terms of volume and demand as it is performing really well in the farms and blending sites it is in. There is also a growing demand because it ticks all the boxes regarding sustainability, deforestation and carbon foot printing. Have a listen to hear Chris talk more in-depth on these topics and what else is happening in the market!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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Materials expert and Chris Pickles our Blends Raw Material buyer.  Chris P starts the podcast by talking through the downside we have seen over the last few days with Wheat.  Chris D then moves onto discussing Soya and how it has reacted in the market. Chris touches on the availability of Soya and how we are going to be able to use it in the future.  On the mid protein side of things, there is a risk that as Erith starts to sell its position, prices start to increase which we have seen in the May/Jun/Jul period already. This will then drive demand back to Liverpool which could see the May/Jun/Jul period get quite tight on availability for Rape.  On the Distillers front we are still looking at poor availability from a UK point of view going into the summer. There is spot Vivergo available which is looking good value in comparison and it’s worth noting that Imported Maize looks great value price wise compared to where it has been the last few years.  Have a listen to hear the team talk more in-depth on these topics and what else is happening in the market! 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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Materials expert. Chris introduces our first podcast of 2024 by discussing which products are currently moving in the market. Chris starts with the mid proteins as this is where we are currently seeing the most interest, this is largely driven by Rapemeal where we have seen prices falling steadily. Soya prices have fallen probably more so than Rapemeal but still don’t look attractive in comparison. Moving onto Soya, as the rain has increased across Brazil and Argentina the downside projections have stabilised in Brazil and we are seeing a slightly higher view in Argentina. The USDA report we saw last week did drop the Brazilian crop but only by 4 million tonnes down to around 157.With Rape falling there has been a lot of up take of NovaPro for the summer, as it looks great value and is another opportunity to build to some protein cover. Have a listen to hear Chris talk more in-depth on these topics and what else is happening in the market!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.

 The latest episode of FeedCast is brought to you by James Barker, Laura Wildash and Chris Pickles from our Procurement Team. James starts our final KW FeedCast of 2023 by welcoming a new guest to the podcast, Chris Pickles. Chris discusses Sodawheat and how we are already doing a lot of business for summer and winter 2024. There is currently a really good opportunity to put some cover on if you haven’t already. Laura then moves onto cereals and echoes the fact that is it a good time to put on some forward cover for products such as; bread, biscuit meal and breakfast cereals. Moving onto proteins, there has been an improvement in the £/$ exchange rate which combined with settled USDA report has helped us get back to levels on Soya that we were seeing a few months ago. Rapemeal has been the big mover this week. As a more sustainable option to Soya, people have been taking advantage of the dip in price in order to get some cover, some booking as far forward as April 2025. We want to thank you for listening throughout 2023 and we wish you a very Merry Christmas and a Happy New Year! 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.

The latest episode of FeedCast is brought to you by James Barker, Laura Wildash and Jonathan Hanson from our Procurement Team. James introduces today’s podcast by mentioning how improved weather and the changes in the Argentinian government have caused movement in the Soya market. Jonathan discusses how the main fundamental that has been influencing the market is the weather in South America. They have had some good rains and it is continuing to look favourable in Argentina but also Brazil. This has then increased optimism for the crop. Moving onto mid proteins, Laura discusses the fact that Rapemeal is featuring in a lot of rations increasing demand for fixings and deliveries in the lead up to Christmas. Meaning that it is quite tight nearby, so if you need product it is going to be limited to what is actually available instead of following what the Soya market is doing. We still have great availability of Expeller from the Stratford area which could help with any last minute requirements if you are struggling to book Rapemeal. We are also continuing to see fantastic sales on NovaPro and Ensus Distillers. There has been a change in the wheat market off the back of China delaying their French contracts and instead looking to buy US wheats. Where we’d normally see a discount on Nov 24 wheat we are seeing a premium. Have a listen to hear the team talk more in-depth on these topics and what else is happening in the market!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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Material Expert. Chris starts by discussing what has been happening within the markets particularly regarding Soya and what that looks like going forward. Chris also talks about the election that has taken place in Argentina. Moving onto wheat, the demand for EU wheat is still relatively poor. Russia is still the main exporter and the cheapest on the market. Although prices are starting to firm and the cost of exporting is starting to increase, it hasn’t yet filtered through to an increase in EU exports. On the mid proteins, the Rapemeal prices on the nearby have increased dramatically. So certainly on the nearby it's going to be difficult to see any downside this side of Christmas as the demand increases.  Have a listen to hear Chris’ thoughts on these topics and what else is happening in the market!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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Material Expert and Laura Wildash our Straights Trader. Chris starts by discussing the situation in the US and how it is affecting the market particularly Soya. Chris also mentions how there is potential for the weather in Brazil to present yield cuts.  Laura discusses how the Soya move has now filtered through to the Rapemeal with spot and winter Rapemeal up £15-£20 a tonne. On the protein side of things, Distillers are still looking really good value particularly against Rape. So for those with gaps, Wheat Distillers out of Vivergo is a great thing to look at whilst we still can. The cereal markets still remain fairly quiet and whilst the markets did try to break through, it failed and bounced back up again. It is very much a waiting game when it comes to cereals at the moment meaning there is much more upside risk than downside. Laura touches on the fact that Christmas is only 7 weeks away so it's worth looking at what you may need over the festive period with the extra bank holidays! Have a listen to hear Chris and Laura’s thoughts and what else is happening the market!Take a look at our Christmas order dates to make sure you secure your delivery slots:For all products (excluding Performance Products) If you need your order to arrive between 11th December and 5th January you must order by Monday 4th December. Any orders taken later than the 4th December may not be delivered on your required date.Performance ProductsAny pre-Christmas deliveries must be ordered by Friday 24th November.Any early January deliveriesmust be ordered by Tuesday 5th December.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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Material Expert. Chris starts by discussing Soya and how it compares to other commodities in the market alongside how the weather and currency is affecting prices. Moving on to the mid proteins, the increases have been a lot more tame. Rapemeal has struggled to keep up due to poor demand across Europe and Chris touches on the scare in the week of the force majeure of a crush plant. There is still a good supply in the UK on distillers and NovaPro is looking exceptional value especially with the Soya rally. On the cereal side of things, Chris talks about the US exports and how the US has the potential to have a much better level of exports going forward.  Have a listen to hear Chris’ thoughts on these topics and what else is happening in the market! 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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Material expert. Chris starts by discussing the events that have taken place in Israel and how this adds another layer of complexity when it comes to the markets. Throughout the podcast Chris talks about the different areas of risk that we are currently facing including the southern hemisphere weather and how it impacts different commodities.  On the mid protein side of things it’s a fairly similar story to what we have been seeing previously regarding lack of nearby demand and how it is keeping prices supressed. We are continuing to see problems with supply of Erith Rapemeal, where we are roughly looking at a week to 10 day lead time.  Chris discusses the new product that has been created on the UK Sugarbeet front, which is here to compete with imports and Soyahulls. It is looking pretty good value in the fibres market and is attracting significant interest. Novapro continues to move strongly as an alternative to Soya and is continually filling the gap.  Have a listen to hear Chris’ thoughts on these topics and what else is happening in the market! 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.

The latest episode of FeedCast is brought to you by Chris Davidson our Raw Material Expert. Chris starts by discussing what is happening in the Cereal markets in regards to Harvest. Also touching on the recent concerning events that have taken place in both Ukraine and Russia and how this will affect exports in the future. Moving onto the protein side of things, we are sat waiting for the US harvest to get here. We remain relatively tight from a supplier point of view after the low South American crop this year. It’s a waiting game in regards to the weather as we head towards harvest. Rapemeal is feeling relatively comfortable at the minute, seed availability seems fine and crushing is beginning to improve. We are still tight on nearby availability particularly in the south but it is gradually easing off. On the distillers side of things, we are still waiting on prices from Vivergo for the winter but we are seeing some competitive offers for the imported products as well as the Ensus product. Almost weekly, we are seeing escalations in some shape or form and there will come a point where markets start to price in risk. Right now there is readily available wheats but as we start to move into Sept/Oct and move away from those harvest points, the focus comes down to what happens if we can’t get all of the material out of Ukraine that’s been produced. As always get in touch with your sales representative or contact us in the office if you have any queries. Have a listen to hear Chris discuss these topics in-depth!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.

The lastest episode of FeedCast is brought to you by James Barker, our Raw Materials Buyer and Jonathan Hanson from our Raw Material Procurement Team. James and Jonathan will be discussing the impacts of the latest USDA report and how things are progressing globally in regards to; weather, politics and how they have affected the markets. They delve into the outcome of the grain corridor agreement expiring at the beginning of this week and discuss how the crops will be transported across Europe. Moving onto discussing product availability and any area of concerns,  including tightness of Rapemeal in the UK which is also affecting  Novapro and Expeller. There is a lack of supply and availability so it is worth noting if you require any rape based products. The corn market has firmed up a little bit. Whilst Soya Hulls hasn’t changed in price in the UK, we are seeing a feast and famine situation with Wheatfeed as prices are rising due to it being tricky to get hold of on the spot market. Prices are fluctuating quite heavily on a daily basis so keep an eye on trends and take advantage of small dips in order to get cover for the winter. 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.

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.

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 by discussing the changes we have seen from Friday 16th June in regards to the weather, the markets have risen globally for various different products. The soya meal market, has seen a differential of pricing on the day between 2 to 3 pounds which has become relatively normal. However on Friday, a lot of funds decided it was the right time to cover in shorts that had been developing. With the weather remaining hot and dry in the key growing states we are seeing an increase in price by £12-£20 depending on where you are looking / how far you are looking forward. Soya is the main product on the upside at the moment. Moving to rapemeal, there is a distinct lack of offers available for June and July. With the crushers switching to different products other than rapemeal in Europe it is having a big effect on the meal that we are seeing. For Aug-Oct the premium into the new crop has now arrived because of the lack of availability for June and July, meaning we are looking at around a £40 premium from where we were a few weeks ago. We are continuing to see alternatives to rapemeal such as distillers, both Ensus and Vivergo products are still available. We have seen the corn futures have rallied quite heavily however things such as maize and hulls haven’t been affected to much with the forward markets remaining relatively unchanged. It is worth looking at any opportunities for nearby June and July to get any cover if needed. Looking now at cereals, we have settled above the Nov futures on £200 which has felt within the trade like a target that we have been aiming for the last month. There is still the ongoing issue regarding Russia and Ukraine, with this we are still seeing old crop prices remaining at very good value. Demand is feeling sluggish due to people not wanting to sell tonnes are the current prices in the last month or two. With the grain deal still being discussed its worth being cautious with your cereals and not necessarily going to long or to short at the moment. As we mentioned earlier there are still alternatives available such as Vivergo. We also have Novapro and Expeller from Yelo which is home produced and competitive in regards to pricing. Final thoughts from today are that the markets have rallied heavily from the 16th June and we are waiting to see if this now continues. Hopefully we can see this fall back from next week but its something to keep an eye on. 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.

The latest episode of FeedCast is brought to you by Chris Davidson, our raw material expert. As usual he provides an outlook on the protein, mid protein and cereal markets. Starting with a general overview of the markets, we have seen the markets move away from South America to focus on North America plantings, whilst more locally, we are still focusing on the weather and as always looking at the situation in Ukraine and Russia. Wheat has bounced away from its lows and looks to being trying to find a foothold in the market, especially after the scare of the dam destruction in Ukraine. We see Russia aggressively saying they see no reason for an extension of the grain corridor when it concludes in July. The uncertainty around whether we will have access to Ukrainian grains at new crop remains an remains a significant upside risk, with this week’s events a reminder of how fragile the situation remains. The US are starting to produce weekly ratings on the progress of the crops on a more regular basis. Plantings are progressing well across the board, but there are a few concerns. Winter Wheat conditions show a slight improvement but they still remain very low, but the biggest surprise was around Maize and Soya, with first condition ratings being well below what the market was expecting and being at the lowest starting point since 2019. It is very early days so is by no means a red flag, but something to note.   Soya has found a level as it hasn’t continued to fall too much further and as we stand is sitting very much in a trading range. Soya is around £410-420 delivered right through to April 24. There is a potential to see some weather concerns over the coming months which may affect pricing. However, certainly for the time being, it's worth making sure you have your Soya covered for at least the first half of the summer. It would also be beneficial to look at a percentage of next winter as there is a risk of some upside if the weather starts to turn against us. Sticking with the proteins, Rapemeal has previously felt quite cheap and was commanding some demand. As a result of this we have seen some tightness meaning for June and July it is a struggle to buy the product. Even on the resale market it is almost impossible to buy a single load. This is partly driven by demand but also due to the fact that the demand for oil is poor. We would highly recommend looking for alternatives for June/July such as Vivergo which is readily available.  As we move forward to new crop we are already seeing the northern market tighten significantly. If you are wanting to book for Aug-Oct Erith is by far the best buy however this could increase in the not too distant future. Two key takeaways are that we are keeping an eye on the US weather and monitoring the situation in Ukraine particularly with the recent explosion and the subsequent flooding. 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.

The latest episode of FeedCast is brought to you by Chris Davidson, our raw material expert. As usual he provides an outlook on the protein, mid protein and cereal markets. Starting with proteins and kicking off with Soya. There is some good news in the fact that we have been seeing Soya break in the last few weeks as well as seeing positive currency movements from a UK point of view. The US plantings are getting off to a good start, meaning focus has moved away from an Argentinian crop which is very disappointing. The US is around 35% complete on their plantings against 10/11% this time last year. There remains a big question mark in regards to Chinese demand of all commodities particularly from US sourcing. Moving forward the weather is looking positive, so no major concerns at this time regarding Soya. On the mid proteins side of things, we are seeing tightness of availability of Rapemeal particularly over the bank holiday periods and this is continuing to be the case in the south with demand really strong. Whilst there are imports being brought into the east coast, ultimately there is a lot less Rapemeal being crushed in this country, so it’s something to be aware of as we move into the summer months. July is very much a shutdown month for a lot of the rape crushers and we need to keep an eye on availability moving into June. We are continuing to see relatively good availability on Distillers with Vivergo producing well. Ensus is currently supplying with no real issues and the Ensus product has switched back to predominantly wheat which is a positive for farmers looking to use it. Between Rapemeal, Vivergo and Ensus there are plenty of options for the mid protein requirement. Looking further forward, we are seeing incredibly strong demand for NovaPro as an alternative to Soya. It still represents great value leading to availability starting to look tight for the first half of the summer. For Novapro users it would be beneficial to look at your requirements for May, June and July to avoid any disappointment.The cereals markets are proving very difficult to judge. Funds have taken a hefty short position in the wheat market leaving it very exposed given the fact the Ukrainian grain corridor has still not been renewed and we are 5-8 days away from it closing. There has been additional comments today from Russia, suggesting that they are proposing a grain corridor with China. They have started the process of examining whether they can do something to improve the flow of grain from Russia into China. Russian wheat continues to drag us lower, however the next 5-8 days are crucial regarding the grain corridor. With the fact that it still looks more likely to close than remain open is something to be very wary of. Looking across Europe, it is very dry in Ukraine which is a big concern. Whilst at this stage European and UK crop is looking in really good shape, we are looking at heavy rain falls from the last 4-6 weeks so there is concern there with the lack of sun and warmth. 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.

The latest episode of FeedCast is brought to you by James Barker, our Raw Materials Buyer and Laura Wildash one of our Sales Traders. As usual they will be providing an outlook on the protein, mid protein and cereal markets. They start with discussing the situation in Ukraine as the grain deal is coming to an end on the 18th May. With various meetings happening between United Nations and Russia this week, it is expected that the volatility will continue and that the 18th May will be a key date to look out for. Looking at starch based products or any products priced using Wheat futures, now could be a good time to start looking at forward cover – something to note that May pricing will go off the board so the focus will be on the November futures and pricing backwards. This is as good an opportunity that we have seen as these futures keep coming back but are supported at these levels with the difficulty of cost of production. It is a good time to be adding to your cover for summer but equally as important to be looking at your forward cover into new crop and next winter as there is still plenty of volatility within the market. Moving onto proteins, there is still an extremely low crop in Argentina in contrast to the excellent crop in Brazil meaning prices are still very volatile ranging from mid 450-470 for the summer. Prices on Soya are still looking high, however there are good opportunities on other products such as Rapemeal, particularly on nearby Rapemeal and Distillers as there is a higher level of availability. It’s worth looking at spot loads for May, June and July sooner rather than later due to potential summer shut downs, its also a good time to consider taking full cover for the first half of the summer if Rapemeal is your preferred option. Alongside Rapemeal, there is very good production of distillers at Vivergo. Volume is now available and looks good value against other proteins with summer prices being in the late 290’s ex hull.  Novapro sales continue to be fantastic, however, again it is worth keeping in mind the summer shutdowns if you are looking to book. 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.

The latest edition of KW FeedCast sees Chris Davidson and James Barker discussing some positive news on the commodities markets.This week has seen no change in the fundamentals, Argentina is still expecting a record loss in soya, while Brazil are still running behind due to the bad weather. We have also seen an extension in the Ukraine grain corridor for the next 60 days. However, Russia have made some big demands to keep it open past this time, including reinstated access to swift banking, so whether this does remain open remains to be seen.However, we have seen a big fall in price in some of the commodities which have been stuck for the last four months or so. Soya and cereals have both been impacted by the financial markets coming under pressure and have brought a welcome respite to farmers.We don’t believe any of these drops will be maintained as production prices remain high. So now is a great opportunity to take forward cover, especially for new crop, and take some risk off the books.As always if you want any advice please do talk to your local seller or contact us in the office.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.

The latest episode of FeedCast is brought to you by Chris Davidson, our raw material expert. As usual he provides an outlook on the protein, mid protein and cereal markets.Starting with Cereals, we had the USDA report last week, with the wheat point of view relatively bearish. We saw increases in production estimates across numerous countries and world end stock projections move higher . Although we are in market slowly trending lower due to the fact that those stocks are increasing, there’s still a lot of risk around the world.Ukraine is continuing to dominant the news, we are seeing conversations this week about extending the grain support corridor which is due to expire in just over a weeks’ time. Alongside that uncertainty, looking forward we are seeing major decreases in Argentinian crop on the maize front and potential downsize in Brazilian maize crop. At the moment this isn’t a game changer but could be a key concern in the market.. Whilst we are at recent lows, it’s a great opportunity to get some forward cover.On the protein side of things we have seen a small break in the Soya price however ultimately soya still remains very expensive. We are starting to see demand destruction taking place both from a UK and Global point of view. The challenge will be that we don’t know how big of a destruction it will be and also what the South American crop will be at the end of the harvest. Brazil are about 53% harvested now which is roughly 10% lower than what they were last year. In the USDA report we saw a much bigger cut in the Argentinian crop than the USDA would usually make in a single report, we saw them cut their productions estimate from 41mil tonnes down to 33. We are seeing estimates coming out at lower than 30, the lowest so far being 27mil tonnes. In mid proteins we are seeing tightness again in products such as Distillers and Rapemeal. However summer prices have started to ease back towards recent lows the further forward you go, increasing demand for May-Oct.Summer prices for Vivergo distillers have now hit the market, there is a May-Sept run available which looks good value especially against Soya.Fundamentally there hasn’t been a huge shift in where we were a couple of weeks ago with cereals continuing to ease, Soya has remained relatively firm with the lack of progress in Brazil and the losses in Argentina. On mid proteins, summer is starting to ease with NovaPro being the stand out product over the last few weeks. We have seen a really strong demand particularly in the spot market with this carrying through to the summer. 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.