UK trades/views: nearby rapemeal tightens up
Nearby product continues to be what everyone is after as the UK weather continues cool & wet. Availability problems persist, the Argy strike might be over for the time being, largely due I suspect to farmer's desires to get on with the harvest. Even so it is still going to take the cavalry 5-6 weeks to get here, which gets us into mid May.
Nearby rape fixings in Erith, traded at £192 yesterday, and again this morning, offers are drying up at this price now. Talk of fixing cancellations in Liverpool is switching northern interest to the Humber (lorries to do Erith to the north are difficult to find & expensive). Spot Humber material reported traded yesterday £199 and £200, making £201 early this morning and up to £205 late morning, with shipper shorts buying.
It hasn't escaped traders notice that early May could present availability problems as well, and with May/Jul available at substantial discounts to spot material this has led to a spate of interest in FH May material.
There are odd resale parcels of nearby soya available in Liverpool for 44% & 48% material POA.
Malt residual pellets ex South East spot reported traded £140.
Nearby rape fixings in Erith, traded at £192 yesterday, and again this morning, offers are drying up at this price now. Talk of fixing cancellations in Liverpool is switching northern interest to the Humber (lorries to do Erith to the north are difficult to find & expensive). Spot Humber material reported traded yesterday £199 and £200, making £201 early this morning and up to £205 late morning, with shipper shorts buying.
It hasn't escaped traders notice that early May could present availability problems as well, and with May/Jul available at substantial discounts to spot material this has led to a spate of interest in FH May material.
There are odd resale parcels of nearby soya available in Liverpool for 44% & 48% material POA.
Malt residual pellets ex South East spot reported traded £140.
