Improving crop prospects have helped put the pressure back on grain markets.
The latest AHDB Grain Marketing Report shows UK feed wheat futures (Nov-25) at £177.85/t. The May-26 contract also dipped during the week to £189.50/t.
In the US, an improvement in the weather has seen an improvement in crop conditions. But other factors have added to the pressure. Northern Hemisphere harvests have started well, tensions have eased back in the Middle East and sterling reached its highest level against the US dollar since January 2022, with £1 = $1.3636 (LSEG).
Watch 2026 prospects
AHDB analysts are advising growers to keep an eye on November 26 contract prices as they finalise 25/26 season drilling plans.
Nov-26 UK feed wheat futures stand close to £200.00/t, although it is lower than prices at the start of the year, Nov-26 futures are trading close to £12.00/t above Nov-25
This reflects the expectations of a larger wheat area this year. Forecasts of increased global wheat production in 2025 (USDA) are also being factored into the market.
Of course, much could change, but it advises growers to track movements.
Oilseed prices slip
Nov-25 Paris rapeseed futures also slipped back to €490.25/t, again this was in part due to the easing of tensions in the Middle East. With the announcement of a ceasefire, Brent crude oil futures dropped back significantly.
