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Mixed market fortunes following US Pro Farmer tour

Grain prices have risen following the US Pro Farmer crop tour, Nov-26 UK feed wheat futures lifting to £206.55/t. The AHDB says the tour reported poorer-than-expected potential for maize crops.…

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Mixed market fortunes following US Pro Farmer tour

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Grain prices have risen following the US Pro Farmer crop tour, Nov-26 UK feed wheat futures lifting to £206.55/t. The AHDB says the tour reported poorer-than-expected potential for maize crops. Dec-26 Chicago maize futures gained 5.2% over the week and ended Friday’s trading at a new contract high. Based on the tour, Pro Farmer forecasts the US maize crop down 10% from 2025’s record at 389.8 Mt, with yields down 7%. While still the third-largest crop on record, it is a bigger fall than the USDA predicts. Earlier this month, the USDA forecast a 6% year-on-year fall in production to…