A thin start to the week and month. May 2027 edged up 50p to £203.00 on just over 250 lots, trading a £201.25-£203.75 range. November 2027 fell £1.50 to £192.25 on two lots. Paris/Matif December added 0.50 euros to €228.50 on around 43,000 lots, while March 2027 eased 0.50 euros to €227.50 and May 2027 lost 1.25 euros to €227.25. Chicago SRW December held above $6, up 2¼ cents at $6.05¾ in a tight $6.01-$6.09½ range.

A quiet end to the week. May 2027 eased 25p to £202.50, November 2027 gained 75p to £193.75, and Paris/Matif December added 1 euro to €228.00. For the week, May 2027 lost £5.50, November 2027 fell £3.50 and Paris December dropped 6 euros.

A narrow, low-volatility session with no major news. May 2027 eased 50p to £202.75 and November 2027 lost 50p to £193.00, while Paris/Matif December was unchanged at €227.00. The market is consolidating after the sharp falls of recent weeks, with sellers and buyers both lacking conviction.

Another heavy session. May 2027 fell £2.00 to £203.25 on a £5.50 intraday range, November 2027 lost £2.00 to £193.50, and Paris/Matif December eased 1.50 euros to €227.00 on a 7.75 euro trading range — touching €223 intraday, its lowest level since early July. Chicago SRW December returned to the psychological $6/bushel level — a nine-week consecutive decline that has now erased 24% of value in two months. The last time Chicago wheat fell for nine consecutive weeks was the 1990s.

Grinding lower with no end to the selling in sight. May 2027 fell £1.25 to £204.50 and November 2027 lost £1.00 to £195.00 — the psychologically significant £195 level now being tested on new crop. Paris/Matif December recovered 2 euros to €228.50, helped by the euro falling to 1.1120 against the dollar — the currency move providing mechanical support that the fundamental news flow is failing to deliver. The rebound on Euronext was timid and limited to front contracts supported by Tunisian and Jordanian purchases rather than any broad change in sentiment.

Another difficult session extending last week’s sharp losses. May 2027 fell £2.25 to £205.75, November 2027 dropped 75p to £196.50, and Paris/Matif December lost 7.50 euros to €226.50. The selling pressure that has dominated since mid-October shows little sign of exhausting itself — fund liquidation continues to overwhelm the physical supply narrative with markets now at levels not seen since the early spring before the conflict escalated.

A severe sell-off across all contracts. London November 2026 crashed £5.25 to £195.50, May 2027 fell £6.00 to £207.50, November 2027 dropped £4.50 to £195.50, and Paris/Matif December shed 8.75 euros to €232.75 — its lowest level since 11th August. These are extraordinarily large single-session moves that reflect fund liquidation accelerating through stop-loss levels rather than any fundamental deterioration in the supply picture. The self-fuelling nature of the decline has brought prices to levels not seen since before the conflict escalated in spring.

A sharp deterioration across all contracts. May 2027 lost £2.00 to £213.50 — the primary benchmark now that November 2026 is approaching expiry — and November 2027 dropped £2.25 to £200.00. Paris/Matif December reversed early gains of €247.50 to close €2.00 lower at €241.50 with March 2027 falling harder at €2.75, returning December to a small premium over March. Chicago SRW December at $6.43 — at the bottom of its session range and at levels not seen since summer.

Continued weakness. London November 2026 fell £1.50 to £203.50, May 2027 eased 50p to £215.50, November 2027 edged up 25p to £202.25, and Paris/Matif December barely moved at €243.50. The selling pressure that intensified at the end of last week continued Monday — US harvest pressure and fund liquidation are the primary drivers with European markets following Chicago lower despite stronger domestic fundamentals. Euronext December wheat is back at the €242-243 support zone — a level that has held repeatedly and will be tested again today.

A difficult end to the week with selling pressure intensifying on Friday. London November 2026 fell 50p to £205.00, November 2027 down 25p to £202.00, and Paris/Matif December lost 2.50 euros to €243.75. For the week London November lost £1.00, November 2027 fell £2.25 and Paris December added 1.75 euros — a mixed weekly outcome that reflects the tug of war between geopolitical support and technical resistance that has characterised the past fortnight.