This episode sees Chris Davidson and James Butt-Evans discussing the current outlook for the raw materials markets and why, before giving their thoughts on forward buying. Should you cover on soya, rape or wheat yet?

This fortnight has seen a weakening in the soya market, with the US planting going well. However the market remains tight and timing will be everything, so you will need to be careful not to miss the opportunity. Mid-proteins such as rapemeal are still very high due to the lack of competition out there at the moment. There have been issues with seed across Europe and again, the crop is very tight. However opportunities could arise as demand for monogastric diets begins to fall. Finally cereals, these have begun to fall in price but are still high in comparison to previous years, partly due to lack of maize availability, the question is will they fall further?

We need to keep a close eye on these markets for opportunities over the next 2-4 weeks, and we are on hand to help if you want to discuss it further.