Ex-farm wheat prices continue to diverge from futures
The grain market update for 13th June 2025. Brought to you by Hectare Trading.
Lincoln Taylor
The London feed wheat futures contract for July 2025 fell further to £155.55, down more than 2% on last week’s close, following global markets on the back of reports of strong wheat crop development in the US.
On Hectare Trading, we saw feed wheat ex-farm prices hold up more, with price offers of £175 in Central Scotland for July 2025 movement and £173 in Yorkshire and the Humber.
Paris milling wheat also declined through the week, with the September 2025 contract falling below the €200 threshold to close at €198.75 (£167.64) on Thursday. With the London feed wheat November contract priced at £177.00, UK wheat remains uncompetitive for exports at current prices, despite talk of a harvest surplus.
On Hectare Trading, Group 4 wheat received price offers of £182 with a £9 offer range in Central Scotland for July 2025 movement and new crop achieved £171 with a £6 offer range in East Anglia for harvest movement. Group 3 reached £180 in North East Scotland for June movement, while new crop saw offers up to £170 in East Anglia for August.
Paris rapeseed slipped slightly to €485.75 (£406.76) for August 2025. However, Israel’s actions in Iran could lend some support on Friday; crude oil has already risen by more than 7% at the time of writing. Prices on Hectare Trading reached £405 with a £10 offer range in Northumberland & Scottish Borders for November 2025 movement.
Elsewhere on Hectare Trading, feed barley achieved offers up to £175 in Central Scotland for June, although new crop continues to struggle with prices for East Anglia at £142 for August. In the West Midlands, we saw offers of £600 for linseed in June with an offer range of a whopping £50.
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