Monday Market Briefing - 20th October 2025

As the US corn and soybean harvests near completion without any weather dramas, we can say now all the bearish news is fully in the market. Australia will be the last piece of the jigsaw in coming months and they are predicting another good harvest also. Another year- another record crop, perhaps climate change is proving a double-edged sword whereby it produces weather challenges in many traditional growing areas but it also makes viable new areas which would not previously have been considered capable of producing crops.

At home we had another active week of farm selling, forward premiums on milling wheat are the focus still with many seeing the value in locking these in against such a heavy supply backdrop. Our New Year oat programme is also filling up steadily don’t forget to book those in if you have some still to do. Pre-Christmas feed grains, particularly wheat, are in demand and if you have some there is some sport to be had touting these around to the highest bidder.

Markets wont put up with that for long and it seems inevitable that feed wheat will be imported at some stage in the season, low as our prices are right now they are much higher than anything on the Continent and whilst it doesn’t quite calculate after shipping costs to come in yet, that will surely change.

Have a good week.