
We have seen a month of extremes again with the market rallying back up to £210 on November futures following the attempted coup military coup in Russia and continued dry weather across the US. It feels as though the market tries to bring itself back to around the £200 mark at the moment as the new normal. Prices have seemed more settled now ahead of harvest starting. The UK is currently competitive for export and there is huge demand on the Southern areas for boats which could potentially cancel out much of the ‘harvest’ pressure. Soya prices are slowly coming back lower as the weather now looks right for the critical pod development stage and we have seen in previous years. Organic prices appear to have found a level at the moment which is generating new crop trade and origins are likely to be Romania and Kazakhstan this coming season.