Monday Market Briefing - 28th September 2026

Markets had another drifty week , without really threatening to break sharply lower, and that’s been the story for most of September. Everyone is sick of the empty rhetoric from all parties to the two warzones, meanwhile industry finds work arounds to achieve at least a minimal level of grain movements. It is likely that early September saw the top of this price rally but we will need something more concrete politically to start the journey back to normal levels.

At home, the UK is seeing the effects of a market with zero export activity. Domestic demand is always a bit of a plodder, slow but reliable, it doesn’t act very well to absorb temporary spikes in supply as we are seeing now on feed barley for example. Items that are expected to be in tight supply later in the season can actually be difficult to place in nearby markets. Deciding what to hold onto in the hope of capturing better values later will be a dangerous game especially against the backdrop of a likely overall price correction at some point in the season.

Markets that are enjoying some short-term tightness include lower protein hard wheats and milling oats especially winters – although the unprecedented pace of Scandinavian imports will put that one to bed pretty quickly in the New Year probably.

Have a good week.

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