Monday Market Briefing - 24th August 2026

War risk continues to provide underlying support to grain markets generally, trade itself is slow and with futures threatening to reach the July high, buyers are not rushing in for forward positions. Grain infrastructure appears to have escaped the worst of the bombings since the targeted strikes of two weeks ago, who knows how long that will continue. With the caveat that new strikes can change things quickly, expect another similar week ahead with quiet support.

As northern UK moves into the latter stages of its harvest there are plenty of reports of better yields. Many of our domestic markets will invert geographically with grain being transported north-south rather than the reverse we normally see. Despite the travails of the English situation, the Scottish barley crop is bound to be big enough to create a nett UK surplus of both malting barley and possibly feed as well.  At the moment Danish feed grains, the most likely source of imports when we need them, are too expensive to bring in vs our domestic prices. Based on most models we will have a significant import requirement this year, certainly for feed wheat, so it’s difficult to see how our internal market comes down for the time being.

All that said, nearby positions are filling in quickly, if you are thinking of moving grain for cash or space in September, get in touch and let us know as opportunities will dwindle as we go into the month.

Have a good week.