Monday Market Briefing - 27th January 2025

Another flat, directionless week on price was accompanied again by good volumes changing hands as post-Christmas engagement with markets continues. There continues to be some support for maize markets, which are nibbling away at their traditional discount to wheat – hence wheat remains stuck, with no room to go lower and no reason to go higher – so we track sideways and expect more of the same this week.

Premium milling wheat markets are a bit fiddly on old crop now, with Canadian and German higher proteins still shipping in to replace the protein we didn’t get in our own wheat this year. Demand for traditional UK grades is mixed. Group 1 parcels that can be delivered consistently above minimum 12.5% protein are still sought after, but against the import backdrop, it’s unclear how deep or how long this enthusiasm will persist. Probably a bird in the hand now if you have this grade in the barn.

Old crop oat markets are showing faint signs of life after a miserable winter so far. The best opportunities are for spring/summer months. It looks increasingly likely all our oats will find a route to market – call for the latest bids.

Have a good week.