Easing global tensions and stronger sterling hit wheat prices
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London feed wheat for July 2025 fell to £138.15, down 5.6% from last week's closing price of £146.35, following global commodities down on the back of news of de-escalation in the Middle East. Increased expectations for the size of the Russian wheat harvest and a stronger sterling—driven by a weakened US dollar—also contributed to the drop. The November 2025 contract fell to £176.80, down 4.4% from last week's closing price of £185.00. The same bearish drivers—global oversupply concerns and currency pressure—continued to weigh on forward pricing.
On Hectare Trading, feed wheat saw forward-selling achieve price offers up to £208 in Central Scotland for January 2027 movement. Also in Scotland, new crop saw offers of £202 in Central Scotland for January 2026 movement, and old crop attracted price offers up to £184 in North East Scotland for July 2025 movement, with a price offer range of £8. In England, feed wheat received offers of £176 for old crop in Northumberland for June 2025 movement, with a price offer range of £11, and new crop saw price offers of £169 in East Anglia for November 2025 movement.
Paris milling wheat for September 2025 fell to €195.25 (£166.43), down 6.1% from last week's closing price of €208.00 (£177.29). Alongside the same downward pressures across all commodities, a strong euro and improved US weather conditions eased concerns over short-term supply. The carry to December 2025 widened to £10.65.
On Hectare Trading, Group 1 wheat received offers up to £195 for new crop in the South East for October 2025 movement, and old crop received offers of £193 in West Midlands for June 2025 movement. Group 2 wheat saw price of £169 in West Midlands for June 2025 movement. Group 4 soft wheat achieved £201 in North East Scotland for August 2025 movement, with a price offer range of £17.
Paris rapeseed for August 2025 fell to €477.00 (£406.58), down 5.6% from last week's closing price of €505.25 (£430.66). This followed declines in Brent crude oil, which slumped 11.6% over the same period, after reduction of tensions between Israel and Iran. The market was further weighed by strengthening currency and growing expectations for this season’s EU harvest. The carry to November 2025 widened to £9.80.
Elsewhere on Hectare Trading, feed barley saw offers up to £162 in West Midlands for June 2025 movement, with a price offer range of £7, and £153 in North East Scotland for August 2025 movement. Malting barley saw offers of £175 in Central Scotland for June 2025 movement, with a price offer range of £7, and milling oats achieved £150 in East Midlands for June 2025 movement, with a price offer range of £17 - showing it really does pay to shop around.
Wanted Ads
🌾Feed Oats are wanted for delivery to Devon. Collection from Cornwall, Devon, Dorset, Gloucestershire, Somerset, and Wiltshire. Wanted at £140-£145/t ex-farm for July, August, or September movement (old or new crop). Minimum specific weight of 42kg/hl required.
🌾Feed Barley is wanted for delivery to York. Collection from Yorkshire, Nottinghamshire, Derbyshire, and Leicestershire. Wanted at £150-£155/t ex-farm for June/July movement.
This article is for general information only and is not an instruction to trade. While we make every effort to ensure the accuracy of the content at the time of publication, Hectare Trading makes no guarantee regarding the data provided.
