# Northern Ireland Grain Trade Association - TIGHT SUPPLY DRIVES UP FEED AND FERTILISER PRICES

> The Northern Ireland Grain Trade Association says feed and fertiliser prices are rising on tight global supply. Brazil's soybean harvest is badly delayed by heavy rain, with only a third harvested against a normal two-thirds, and dozens of Panamax vessels are queuing off the coast, which has pushed up sea freight costs. US soy stocks are the tightest in a decade, and China's maize demand has reduced supply available to Europe.

- Date: 2021-03-11 · published 2021-03-11T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/48430-northern-ireland-grain-trade-association-tight-supply-drives-up-feed-and
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Delayed Brazilian soybean exports tighten near-term protein and meal supply while freight costs climb, supporting feed ingredient prices. Tight US soy stocks and reduced maize availability for Europe add further upward pressure on feed grain prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-30 | [Winter Storm, Trade Progress Drive Grain Futures Higher \| Feed & Grain](https://feedsoft.ai/events/50172-winter-storm-trade-progress-drive-grain-futures-higher-feed-and-grain.md) | -0.9% | +8.3% |
| WHEAT | 2020-10-21 | [Grain trends: prices rise further on weather and demand issues -  Premium](https://feedsoft.ai/events/12844-grain-trends-prices-rise-further-on-weather-and-demand-issues-premium.md) | -0.4% | -4.9% |
| WHEAT | 2021-04-28 | [Global weather driving price rises in grains and oilseeds: Feed market report \| AHDB](https://feedsoft.ai/events/9793-global-weather-driving-price-rises-in-grains-and-oilseeds-feed-market-report.md) | -6.0% | -5.4% |
| WHEAT | 2018-07-28 | [Grain price: Rise continues; low supply a cause for concern - Agriland.ie](https://feedsoft.ai/events/12411-grain-price-rise-continues-low-supply-a-cause-for-concern-agriland-ie.md) | -1.2% | -1.7% |
| WHEAT | 2020-10-29 | [Feedgrain Focus: Nearby jumps as rain tightens supply - Grain Central](https://feedsoft.ai/events/50704-feedgrain-focus-nearby-jumps-as-rain-tightens-supply-grain-central.md) | -2.0% | -7.4% |
| CORN | 2020-11-30 | [Winter Storm, Trade Progress Drive Grain Futures Higher \| Feed & Grain](https://feedsoft.ai/events/50172-winter-storm-trade-progress-drive-grain-futures-higher-feed-and-grain.md) | -1.5% | -1.0% |
| CORN | 2021-10-18 | [Cow-Calf Corner: Higher feed prices this winter - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/44688-cow-calf-corner-higher-feed-prices-this-winter-texas-and-southwestern-cattle.md) | +1.5% | +13.0% |
| CORN | 2020-10-21 | [Grain trends: prices rise further on weather and demand issues -  Premium](https://feedsoft.ai/events/12844-grain-trends-prices-rise-further-on-weather-and-demand-issues-premium.md) | +4.6% | +11.5% |

## Sources

- nigta.co.uk: https://www.nigta.co.uk/feed-forum/200-rt

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.