Today's call

Crop year 2025/2026 · stage Flowering & Grain Fill · 2026-06-29

BULLISH, above-average yield, price-softening
1 of 11 regions below-average, 6 above. Critical phase. Heat stress and rain reduce yield and quality.
UK farmer sentiment this week: neutral (-0.04). Confidence overlay ×0.98, sentiment is neutral on the directional call.
What this means for price
An above-average yield call is historically price-softening: supply is plentiful, storage fills, and prices have tended to ease through autumn. This is an observed historical relationship, not a trade recommendation.

How our yield calls have related to ex-farm price over the years (and why the link is looser than you'd think): yield and price.

Active early-warning signal

crop quality neg signal running 5.6× above its recent baseline (Yorkshire & The Humber), a sentiment-side keyword anomaly. Read alongside the weather call, not in place of it.

Per-region call

Predicted yield anomaly (t/ha vs trend) and compound stress per DEFRA region. Below-average regions first.

Region Call Yield anomaly Compound stress
North West & MerseysideBelow average-0.57+1.5
Northern Irelandn/a-0.26-0.1
South Westn/a-0.23+0.9
Scotlandn/a-0.14-0.3
Walesn/a+0.15+2.0
North EastAbove average+0.51+0.5
EasternAbove average+0.59-1.0
South East & LondonAbove average+0.59-0.1
West MidlandsAbove average+0.65+1.2
Yorkshire & The HumberAbove average+0.74-0.8
East MidlandsAbove average+0.97+0.5

How we get here: Methodology · Weather detail · Sentiment pulse · Track record