As August comes to a close, grain prices have lifted slightly from the lows in the middle of the month.
It is largely on the back of an improvement for Paris wheat futures after the euro weakened against the US dollar, pulling UK grain with it. The latest AHDB Grain Market Report shows UK feed wheat futures (Nov-25) up to £169.30/t, the May-26 contract also gained slightly to £180.50/t.
The gains come despite the International Grains Council (IGC) increasing its estimates of 2025/26 global maize production by 23.2 Mt and wheat production by 2.7 Mt. Expectations for stronger demand helped reduce the impact on global grain stocks.
Paris rapeseed futures (Nov-25) also moved in the right direction, currently standing at €476.75/t.
This is partly down to poor early results for the European sunflower seed harvest. Following extreme heat throughout much of the continent, August’s EU Mars report downgraded its yield forecast further to 1.83 t/ha. The drop in the value of the euro was also a factor
