UK feed wheat futures have seen contrasting fortunes this week but market pressure remains. The latest AHDB Grain Market Report shows UK feed wheat futures (Nov-25) gained slightly, standing at £165.55/t. However, the May-26 contract slipped further to £175.85/t.
The November contract was supported by currency fluctuations but ample wheat supplies globally continue to cap any significant price gains. Adding to the pressure is a revised 2025/26 wheat production estimate of 23 Mt by Argentina’s Rosario Stock Exchange, good yields expected due to abundant soil moisture.
Black Sea wheat exports remain slow. According to the Ukrainian government, the country has exported 4.98 Mt of wheat so far this season (01 July – 08 October), down from 6.80 Mt at the same stage last year amid ongoing market uncertainty. Meanwhile, the Russian government has cut the wheat export duty by 20% for 08–14 October to try to support higher export volumes.
Nov 25 Paris rapeseed futures remain unchanged, standing at €466.25/t. The broader oilseeds complex continued to show strength, supported by rising crude oil prices and stronger palm oil values.
