Domestic futures supported by a rise in crude oil and renewed demand from major importers: Grain market daily

• UK feed wheat futures (Nov-25) finished up £0.80/t (0.5%) at £166.55/t on Wednesday. The May-26 contract finished up £0.60/t (0.3%) at £177.95/t
• Domestic grains found some support from a rise in the price of crude oil, a fall in the sterling and tensions in the Black Sea. Nov-25 crude oil finished at £69.31/barrel up £1.68/barrel (2.5%) from the previous close, with support from fresh naval tensions in the Black Sea yesterday, and tightening global supply concerns. Renewed demand from some of the world’s major wheat importing countries also buoyed wheat prices
• Paris milling wheat (Dec-25) finished above the €190/t support level at €190.50/t gaining €0.50/t (+0.26%) on the day
• The sterling fell against the dollar leading to a slight upward correction in domestic grain and oilseed markets $1 = £1.3444 at Wednesday's close
• Paris rapeseed futures (Dec-25) closed at €473.50/t up €1.50/t (0.3%) from the previous day.
• Argentina’s temporary lifting of export taxes has pressured the soyabean complex. Chicago soyabeans (Nov-25) and Chicago soyabean meal (Dec-25) were down 0.3% and 0.4% respectively

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