• The May-26 UK feed wheat futures contract closed at £174.15/t yesterday, down £1.45/t (0.8%) from Friday’s close. The Nov-26 futures contract, which shows the price for the 2026 crop, fell by £1.25/t to £176.25/t.
• Chicago wheat and Paris milling wheat futures (May-26) had both decreased by 0.9% at yesterday’s close. Wheat prices remain under pressure due to an ample global supply and favourable weather conditions in the Northern Hemisphere for the 2026 winter crops. Yesterday, the MARS European crop monitor showed that the weather is currently generally favourable for winter crops across Europe.
• The USDA's Crop Progress report yesterday showed that 3% more of the 2026 winter wheat crop was rated as 'good' or 'excellent' than the previous week. However, this is still 5% below last year's rating.   
• Paris rapeseed futures (Feb-26) rose €1.50/t to €480.50/t yesterday, while futures for May-26 increased by €1.00/t to €476.00/t. The rise in crude oil prices provided some support for rapeseed prices.
• Winnipeg canola futures (May-26) rose yesterday by 0.5%, while Chicago soyabean futures (May-26) fell by 0.1%. Soyabean futures, having increased recently, are currently focusing on technical levels and trying to identify factors that will determine the direction of further price movements.

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