German triticale holds steady as feed grain complex cools

German feed triticale EXW Drentwede is trading sideways at 0.22 EUR/kg, unchanged from the last quotation and only marginally softer than early September levels. Price spreads to feed wheat and barley remain stable, with no signs of acute tightness or heavy discounting. Feed grain markets in Germany show comfortable nearby supply after a largely completed 2026 harvest, while livestock demand is steady but unspectacular. Regional reference grids in North Rhine‑Westphalia place triticale in a mid‑range band versus competing feed grains, confirming an equilibrium market rather than a distressed seller environment. Warm, then cooler and showery weather in northern Germany over the coming days should mainly affect late fieldwork and logistics, not already harvested triticale stocks.

Prices

In Drentwede (Lower Saxony), feed‑grade triticale (14% max moisture, EXW) is quoted at 0.22 EUR/kg EXW, matching the previous update and only slightly below early‑month levels. The narrow daily moves over September underline a stable local market structure.

Fresh regional producer quotations from North Rhine‑Westphalia show triticale at 180–195 EUR/t free collector’s store, broadly aligned with feed wheat and at a moderate premium to feed barley, indicating balanced demand in key western regions. EU‑level data for September confirm German triticale around 172.50 EUR/t on a national average basis, up modestly month‑on‑month and year‑on‑year, which is consistent with the firm but not rallying tone seen in spot cash markets.

Supply & Demand

Germany’s 2026 grain harvest delivered below‑potential wheat yields but decent coarse grain output in Lower Saxony and neighbouring regions, leaving feed grain availability generally comfortable. This supports ongoing but moderate competition between triticale, barley and feed wheat in compound rations.

Recent regional market commentary highlights that feed wheat still prices above feed barley, while maize holds firm on limited prompt supply, pushing some feeders to keep triticale shares steady in rations. At EU level, triticale and mixed grains play a niche but stable role, with trade flows largely confined to exchanges between Poland and Germany for feed purposes. Overall, there is no evidence of either a sharp demand contraction or an aggressive stock build in German triticale.

Weather & Logistics (Region DE)

For Drentwede and the wider Lower Saxony region, the forecast shows very warm and dry conditions on 30 September, followed by cooler, cloudier weather with scattered showers on 1–2 October. With triticale harvest already completed, these patterns mainly influence field access for autumn sowings and short‑term logistics rather than supply volumes.

Occasional showers could slow loading and on‑farm movements, but no widespread flooding or transport disruption is expected. Barge and rail movements remain more affected by earlier low‑water issues for oilseed meals than by grains, which helps keep regional triticale basis relatively calm.

Fundamentals & Market Drivers

• Harvest backdrop: Official and trade assessments describe the 2026 German harvest as mixed, with soft wheat underperforming but coarse grains, including triticale, holding up reasonably well, particularly in the north‑west.
• Feed demand: Livestock numbers and compound feed production data point to broadly stable feed demand, with triticale remaining a cost‑effective alternative within mixed grain rations.
• Relative pricing: Regional price grids place triticale at a modest discount to feed wheat and close to, or slightly above, feed barley, reinforcing its role as a balancing grain in rations rather than a primary driver of the feed complex.
• International context: Wider EU mixed grain output in 2026/27 is forecast slightly below the previous season, but with increased triticale area in key producers such as Poland and France, ensuring sufficient regional supply for Germany’s import needs.

Trading Outlook (Next 3–5 Days)

• Sellers (farmers, collectors): With Drentwede EXW holding at 0.22 EUR/kg and no strong bullish catalysts, short‑term sales on rallies toward the upper end of local ranges appear prudent. Consider locking basis where storage space is needed for maize or new‑season sowings.
• Buyers (feed mills, integrators): Current values look fair relative to feed wheat and barley; near‑term dips on harvest‑pressure selling or logistics‑driven delays could be used to extend cover into Q4, but there is little urgency to chase volume.
• Risk factors: Upside risks stem mainly from external shocks in wheat or maize (e.g. Black Sea disruptions) rather than from triticale fundamentals themselves; downside is limited by already moderate price levels and steady feed demand.

3‑Day Regional Price Indication (DE)

• Drentwede (EXW): 0.22 EUR/kg expected to remain broadly stable, with only minor intra‑day fluctuations likely.
• North‑west Germany (producer grids): Triticale around 180–195 EUR/t frei Lager is seen flat to fractionally softer, tracking the broader feed grain complex.
• National reference (DE): EU statistics imply a steady German average around recent levels, with no clear signal for a sharp directional break in the immediate term.