German triticale holds steady as feed grain complex stays firm

Triticale EXW prices in north-west Germany are holding in a narrow sideways band around recent levels, with only slight softening despite a broadly firm EU feed grain complex and elevated regional reference prices. Solid livestock feed demand and higher benchmark barley and national triticale indications across Germany are helping to put a floor under local values. In the German feed grain market, mixed but generally firm signals from barley and national triticale benchmarks are counterbalanced by modest on-farm selling and comfortable post-harvest availability. National average triticale prices for September show year-on-year gains, while feed barley has also strengthened, reflecting tightness and risk premia stemming from wider global grain market uncertainties. At the same time, localized supply in Lower Saxony remains adequate, limiting near-term upside. Weather in northern Germany looks seasonally mild and largely dry over the coming days, supporting good logistics and grain movement rather than creating fresh crop risks for the already harvested 2026 crop.

Prices

Current quotations for German triticale (feed grade, 14% max moisture, origin DE, EXW Drentwede) stand at 0.22 EUR/kg EXW, unchanged over the last two trading days after a gradual easing from levels above 0.225 EUR/kg earlier in September 2026. This stability mirrors reports that triticale in north-west Germany is drifting slightly softer but remains confined to a tight sideways range amid a firm overall feed grain backdrop.

National reference data underline that despite local easing in Drentwede, German triticale overall is still priced noticeably higher than a year ago, tracking the broader firming in the coarse grain complex.

Supply & Demand

Locally in Lower Saxony, post-harvest availability of triticale is described as adequate, with only modest producer selling, which limits volatility but leaves some downward pressure when buyers are absent. At the national and EU level, triticale is part of the mixed grains segment where the 2026/27 area is forecast to increase, especially in Poland and other key producing Member States, implying robust supply in the medium term.

On the demand side, triticale continues to benefit from growing preference in livestock rations versus other mixed grains due to its nutritional value. German compound feed output has remained broadly stable, with recent official statistics confirming steady use of cereals in feed rations across regions, supporting a firm baseline for feed grain demand even as structural shifts in livestock herds progress only slowly.

Internationally, the coarse grain complex is underpinned by weather- and logistics-related risks, particularly reduced export flows from the Black Sea region and uncertainties over US maize yields. Recent international monitoring highlights that wheat and maize prices have risen on these concerns, with futures activity turning more bullish, indirectly supporting EU feed grain prices, including triticale.

Fundamentals & Weather

EU cereal market data indicate that German feed barley and triticale benchmarks in September 2026 are notably higher than a year ago, pointing to generally tighter or at least more risk-conscious coarse grain markets. National averages put triticale at around 172.50 EUR/t in September, with feed barley near 202.50 EUR/t, both showing solid month-on-month and year-on-year gains. This creates a supportive reference environment for EXW triticale in Lower Saxony, even if local supply keeps spot prices slightly capped.

Regionally, Drentwede lies in Lower Saxony’s Diepholz district, a mixed livestock and arable farming area well integrated into Northern German feed grain flows. Nearby feed barley prices in Lower Saxony are reported in a relatively wide but firm range, reinforcing the view that the local feed grain complex has a solid floor under prices despite minor corrections.

For the coming days, weather models for northern Germany indicate largely dry to slightly showery conditions, with seasonally mild temperatures and no major storms in the immediate outlook. Such a pattern is neutral to slightly supportive for logistics: field access, grain drying, and truck movements should remain mostly unhindered, facilitating execution of nearby contracts but not generating new weather risk premia for already harvested triticale.

Short-Term Outlook & Trading Ideas

• Price bias: With EXW Drentwede at 0.22 EUR/kg and national benchmarks still firm, the 3–5 day bias is for a broadly sideways market, with only limited downside unless broader feed grains weaken abruptly.
• For sellers: Producers with remaining unsold triticale can consider incremental sales at current levels to manage storage and cash flow, as the local basis remains aligned with a firm national backdrop while short-term upside catalysts are limited.
• For buyers: Feed users and traders looking to cover Q4 needs may use any brief dips triggered by weaker wheat or maize quotations as an opportunity to lock in volumes, given the still-elevated national averages and supportive wider coarse grain context.

3-day regional indication (Germany)

• North-west Germany (incl. Drentwede, EXW): Spot triticale prices are expected to remain close to current levels over the next three days, with a sideways to slightly softer tone possible if farmer selling increases, but with downside limited by firm feed barley and national triticale benchmarks.
• Rest of Germany: Regional reference prices across federal states are likewise seen steady, with only minor intra-regional adjustments as logistics conditions remain good and demand from compound feed producers stays stable.