Tuesday Market Briefing - 14th October 2025

The latest tariff spat between the US and China saw a muted reaction from markets, with corn dipping slightly late Friday on the news. Truth is we are severely range-bound now with front month Nov LIFFE holding mostly in the £165-170 range for a full two months since mid-August when harvest was drawing to a close. Markets as well supplied as this one tend to become lethargic and unresponsive to new information.

At home, any local tightness in feed wheat markets looks likely to be relieved by potential milling samples failing to find a home in the domestic market. With no export trade to support them, lower grade milling wheat and maybe even some high protein samples will succumb to the local need for feed as milling homes fill up first. Come and grab your premiums if you haven’t already.

Malting barley remains largely switched off, there are plenty of European traders short of Uk barley who will get a shock when they decide to come in and cover their requirements only to find the cheap offers are not there. It may be a long game with value not appearing this side of Christmas but there’s a long way to go and this market is not over yet.

Oats are an active trade Jan-March with springs and winters required, call the office for more details.

Have a good week.