Midlands Feed Wheat £169 (up £1), Milling Wheat £180 (up £6)
Our benchmark spot prices (Midlands & Wales)
Feed Wheat
UK wheat prices have drawn support from several international weather risks, including drought conditions in the US, French flooding and a cold snap in Ukraine. Nonetheless, Ukraine’s 2026 wheat crop is projected to rise 3% to 23.1 million tonnes despite the ongoing war.
Since hitting a contract low of £165.80 on 17 February, London feed wheat (May 2026) has recovered well, hitting £169.30 on Monday. Since then the benchmark “old crop” contract has eased back, closing Thursday at £164.45.
On Hectare Trading, farmers have been locking in prices on their 2026 feed wheat by forward-selling in Yorkshire and the Humber, East Anglia and South and West Wales.
For full spot and futures price analysis, visit our enhanced Insights on Hectare Trading.
Milling Wheat
While UK milling premiums have been under pressure in recent months, our benchmark premium has risen to £11 this week.
Farmers on Hectare Trading have been forward-selling 2026 group 3 wheat in East Anglia, group 4 hard wheat in the East Midlands and North East Scotland and group 4 soft wheat in North East Scotland.
Paris milling wheat (March 2026) has weakened throughout the week, falling to €196.00 (£171.19) on Monday and €193.00 (£168.18) by Wednesday’s close. A quiet Thursday saw the contract finish at €193.25 (£169.31).
Oilseeds
The US Supreme Court’s decision to strike down President Trump’s use of emergency powers to implement global tariffs, and the subsequent policy pivot to implement a new 10–15% global tariff, raised concerns over US–China trade. This has had a direct impact on Chicago soybean futures and the whole oilseed complex.
After reaching €491.25 (£428.91) on Tuesday, Paris rapeseed (May 2026) dropped €8.25 to €483.00 (£420.89) on Wednesday. At Thursday’s close, the contract had inched back up to €484.25 (£424.26).
Other Crop
The International Grains Council (IGC) confirmed that global grain production is on track for a third successive record year, increasing by 134 million tonnes year-on-year to 2.46 billion tonnes.
Global corn production is estimated at 1.31 billion tonnes, up from 1.24 billion tonnes last year.
Wanted Crop
🌽 58t Grain Maize is wanted for collection from across the East Midlands, Yorkshire, and the Humber. Wanted at £180-185/t ex-farm for March movement.
🌾 116t Feed Wheat is wanted for collection from Northumberland, the Scottish Borders, Yorkshire, and the Humber. Wanted at £162-172/t ex-farm for March movement.
🌾 Up to 290t Milling Wheat (Group 1, 2, or 4 Hard) is wanted for collection from East Anglia, the East Midlands, Essex, Hertfordshire, Oxfordshire, and Buckinghamshire. Wanted at £161-168/t ex-farm for March movement. Spec: 10.2% protein / 74kg/hl / 130 Hagberg.
🌾 116t Rye is wanted for collection from the East Midlands, South, and South West (specifically for homes in Oxfordshire, Buckinghamshire, Essex, and Hertfordshire). Wanted at £195-205/t ex-farm for March or April 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.