Ahead of today’s USDA WASDE report: Grain market daily

• The May-26 contract closed at £176.70/t, down £0.70/t (0.4%) from Wednesday’s close. However, the Nov-26 futures contract, which shows the price for the 2026 crop, rose by £0.25/t to £178.15/t. AHDB’s Early Bird Survey of early plantings and planting intentions shows a 1% rise in the UK wheat area for harvest 2026, compared to harvest 2025.
• Chicago wheat futures (May-26) slightly decreased at yesterday’s close, while Paris milling wheat remained unchanged. Maize futures closed higher. Markets are waiting for the November World Agricultural Supply and Demand Estimates (WASDE) report from the USDA, which is scheduled for release today — the first since before the shutdown.
• For the 2026/27 season, Expana predicts that the area of EU soft wheat and barley will remain stable compared to 2025/26, while the area of maize could potentially decrease by 6%.
• Paris rapeseed futures (Feb-26) rose €4.00/t to €482.50/t yesterday, while futures for May-26 increased by €3.75/t to €479.50/t.
• Chicago soyabean futures and Winnipeg canola futures (May-26) rose by 1.0% and 0.4%, respectively yesterday. Chicago soyabeans were supported yesterday, possibly in anticipation of the USDA's lower current crop yield estimates compared to previous figures.

Sign up to receive the latest information from AHDB.

While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.

All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk  © Agriculture and Horticulture Development Board. All rights reserved.