Monday Market Briefing - 8th December 2025

We tested season lows again last week, there is just enough farm selling pressure to keep a lid on things as businesses plan their cash requirements for the coming months. Nearby openings are limited but there is still trade to be done on malting barley in the south-east. It does feel like feed grains will get very tight in the spring summer particularly in the south-west as there doesn’t seem to be a lot left in many parts – truth is it was never there in many cases after a poor harvest. Feed barley will continue to be supplied from marginal malting samples taking the plunge and downgrading. Wheat is more of a puzzle, will that supply come from milling samples that are in surplus or will those high quality  lots be carried over again into next season?

China has been active in the world markets but only cautiously and at the moment each trade merely scratches the surface of what’s needed to truly dent the US and other surpluses. We wait now for signs of increasing world consumption at the lower prices, but that’s going to be a slow burner, its bound to happen to some extent but will we see it early enough to influence the old crop markets direction? At the moment it doesn’t look much like it and we will be bumping along at these prices for a bit longer.

Have a good week.