Market Update The DBC arrow traffic light system is a good indication on the direction the market price is moving and when the time is right to buy. Currently the global commodity market has increased dramatically over past four months. This significantly influencing the high prices we are seeing today. PKE
The PKE price is currently increasing due to the limited supply of PKE at origin. The price is still being influenced by freight and the ability to maintain consistent supply into the country. Protein
Soya Meal pricing is slowlycreeping upward. This is due to the dollar dropping and the drought the U.S is facing. This continues to make traders nervous that this seasons crop is lower in yield than initially anticipated. Because Soya Meal is the main driver of protein prices globally, this has influenced the price of Canola and Maize DDG price to also increase. Grains
Due to the predicted increase in milk pay out, grain prices are starting to rise. It has also been implied that there is not the volume of quality grain grown this season, suggesting the price will also increase due to short supplies. If grains such as wheat and/or barley are a part of your business then it is strongly advised to contract your required tonnages sooner rather than later. For more information on the market or to contract commodities please get in touch with your DBC rep about feed options we can provide to help you through these times. |