Despite the global macro uncertainty following US tariff threats and retaliatory measures, markets rose over the week following the latest USDA World Agricultural Supply and Demand Estimates (WASDE).
With US maize ending stocks estimated to be higher the Chicago market fell, Paris milling wheat futures rose on the signs of slowing Russian exports.
The latest AHDB Grain Market Report shows UK feed wheat futures (May-25) at £189.20/t. New crop futures (Nov-25) rose over the same period to £196.40/t.
Rapeseed also gained over the week. Paris rapeseed futures (May-25) climbed to €521.50/t, Nov-25 futures rising to €491.50/t.
Ongoing trade concerns are offering some support to the oilseeds complex, with gains also seen in Winnipeg canola and Malaysian palm oil futures. Further support came following the French Ag Ministry has reducing its estimate for the winter rapeseed area down from 1.34 Mha to 1.27 Mha, 4.1% less than last year.
