With the clocks about to go forward, the positive spring in grain prices last week has been reversed as March draws to a close.
The latest AHDB Grain Market Report shows UK feed wheat futures (May-25) at £168.80/t. The Nov-25 contract also fell to £187.25/t.
Domestic wheat prices tracked global wheat markets lower following the news that the US announced it had reached agreements with Russia and Ukraine to ensure safe navigation in the Black Sea, an expectation of increased maize plantings in the US and improving crop fortunes across much of Europe.
AHDB analysts believe the easing of restrictions on Russian exports to the international market will have little immediate impact. However, it adds to what is already a pressured situation.
It was better news with rapeseed. Prices edged a little higher with May-25 Paris rapeseed futures at €513.00/t, the Nov-25 contract climbed to €478.50/t over the same period.
Limited rapeseed supplies in the EU continue to support old crop, while new crop is under pressure from favourable weather for the 2025 crop.
