UK wheat markets falter with global supplies set to rise

significantly higher than levels seen last year. Market fundamentals continue to drive much of the trade, with global grain supplies remaining high and weighing heavily on prices. The International Grains Council increased its global wheat production forecast to 830m tonnes for 2025-26, putting it 31m tonnes higher on the year. Argentina is forecasting a bumper wheat crop for 2025-26, with the Rosario Stock Exchange projecting total supplies, including initial stocks, at roughly 28m tonnes, leaving almost 20m tonnes available for export. Russian agricultural consultancy Ikar estimates a large Russian wheat crop at 88.5m tonnes, while wheat production in 2026 is expected to be between 86m and 91m tonnes. Consultancy firm SovEcon has reported that Russian farmers have been selling grain and oilseeds at a record pace. The EU crop monitoring service released its latest update on 24 November, with sowing progressing well in most regions, and the establishment of winter cereals and ...