UK Feed Wheat Futures Decline Amidst Global Market Volatility

UK feed wheat futures saw a decline of 3.25/t (-1.6%) last week, closing at £196.50/t on Friday. This follows the trend of global markets, which remained volatile but broadly ended down under pressure.

The Relative Strength Index (RSI) decreased from 75 to 70, remaining in the overbought zone. However, this could trigger a pause or retreat in prices if there isn't further supportive market news.

Global grain markets are still uncertain due to developments in the Black Sea. The European Commission lowered its 2026/27 EU grain production forecasts, reflecting a tighter supply outlook. Soft wheat production is estimated at 124.4 Mt, down from 126.3 Mt last month and 8% below the previous season.

Paris rapeseed futures saw pressure across the week, decreasing by 6.7% to £438.99/t. Oilseed markets came under pressure due to improving crop prospects and weakness in the global vegetable oil complex.