Monday Market Briefing - 28th July 2025

In a quiet news week, markets were broadly sideways , UK prices are still being slightly propped up by recent weakness in GBP which has pushed about £5/mt into our levels, all welcome whilst it lasts. In the south we saw better harvest progress than expected as not all the rain forecast actually materialised. Same again this week would be welcome – quality of crops is still very good but yields very variable across the region. Nationally AHDB reports wheat yields so far at 6.9mt/ha – substantially below the five-year average - which suggests northern and eastern areas are not doing so well. Theres a long way to go with barely 10% of the crop in the barn but if sustained, these lower yields could have quite an impact on the UK Supply and Demand equation for the year.

Soft wheats are amongst the stand-out performers so far, with excellent protein levels coming through the lab, it’s one market where we are expecting early movement opportunities at attractive levels. Let us know when you have yours in the barn and we will arrange for a sampler to call by.

Have a good week.