German triticale feed prices edge higher on firm demand

German triticale feed prices in Lower Saxony are edging higher, with ex-farm values in the Drentwede area pushing to the upper end of the recent range on the back of solid domestic feed demand and a tighter EU feed grain balance. Nearby price risk is mildly skewed to the upside as farmers resist selling at current levels while compound feed producers continue to secure cover. After a relatively smooth winter cereal harvest and adequate overall grain availability in Germany, triticale is benefiting from its competitiveness in feed rations versus wheat and rye. Official harvest assessments describe a broadly average to slightly below-average cereal outcome, but without major quality issues for triticale, keeping it attractive for feed use. In the coming days, mild and slightly unsettled weather in Lower Saxony should support continued logistics and on-farm drying, allowing steady physical flows without significant weather-related premiums.

Prices

Feed-grade triticale ex-farm in the Drentwede area (Lower Saxony, EXW) is currently indicated around EUR 230/t, modestly above last week and reflecting a gradual firming trend since mid-August. Regional market reports from Lower Saxony and other German states confirm triticale trading in a broad corridor of roughly EUR 160–185/t depending on quality and location, with Lower Saxony tending towards the upper half due to strong local feed demand.

On the wider European market, German triticale is broadly aligned with EU reference levels, with recent EU-27 indications near EUR 160–165/t for triticale delivered to German hubs such as Cologne. This suggests only limited export competitiveness at current levels and underlines that the recent price strength in Drentwede is largely domestically driven rather than export-led.

Supply & Demand

Germany enters the 2026/27 season with broadly adequate cereal supplies, although the federal harvest report notes slight yield pressure in some regions due to episodic summer heat. Within this context, triticale remains a niche but important feed grain, competing mainly with rye, barley and lower-grade wheat. Its position in rations is supported by stable quality and a price discount to feed wheat and barley in many regions.

On the demand side, compound feed statistics up to mid‑2026 show steady to slightly higher production of poultry and pig feed in Germany, keeping overall feed grain usage firm. Recent commentary on European feed markets also highlights stronger prices for maize and imported proteins amid ongoing geopolitical and logistics risks, indirectly supporting demand for domestically sourced cereals like triticale.

Weather & Logistics – Lower Saxony Focus

For Lower Saxony, the 3‑day outlook (09–11 September) points to partly sunny to mostly cloudy conditions with light showers, daytime highs around 19–21°C and cool nights near 9–12°C. This pattern is neutral to slightly supportive for post‑harvest activities, with no major interruptions expected for on‑farm handling, short‑haul transport or nearby barge and truck logistics.

Soil moisture after the main harvest period is generally adequate, and with autumn sowing of winter cereals beginning, weather attention will shift more to field access and seedbed preparation than to grain quality issues. For spot triticale, the current forecast does not justify a significant weather premium, reinforcing the view that near‑term price drivers are mainly demand and farmer selling behaviour.

Fundamentals & Market Drivers

• Harvest outcome: National reports describe Germany’s 2026 cereal harvest as roughly average, with no systemic quality problems in triticale; supply is comfortable but not burdensome.
• Feed demand: Stable to slightly rising compound feed output for poultry and swine underpins consistent demand for mid‑quality cereals; triticale competes effectively in rations thanks to pricing and availability.
• EU feed grain balance: Heat‑related yield losses particularly in maize tighten the EU feed grain complex, indirectly supporting prices for secondary cereals such as triticale.
• Farmer selling: Many German growers show limited sales interest at current flat prices after a cost‑intensive season, contributing to a firm tone despite adequate physical stocks.

Trading Outlook (Next 3–5 Days)

• Price bias: Short‑term bias is mildly bullish to stable for Drentwede and wider Lower Saxony, with limited downside unless broader feed grain prices retreat.
• For sellers (farmers): Consider incremental sales on local strength above ~EUR 230/t EXW while maintaining flexibility for possible further gains if maize and feed wheat continue to firm.
• For buyers (feed mills, traders): Use any intraday softness or farmer selling spikes to extend nearby coverage, especially for Q4‑2026, but avoid aggressive chasing as export competition remains limited.
• Risk factors: A sharp correction in global maize or wheat markets, or a sudden improvement in Black Sea logistics, could cap triticale upside; conversely, renewed disruptions or stronger feed demand would reinforce the current firm tone.

3‑Day Regional Price Indication (Germany)