Production is expected to drop below 15 million tonnes
Wheat production is expected to drop below 15 million tonnes in 2016, following two bumper harvests in 2014 and 2015.
CRM AgriCommodities has forecasted the 2016 UK crop at 14.5-14.7mt.
Planted area is expected to be down 1.7 per cent and yields are expected to reduce by 10 per cent.
UK crops suffered in the most critical grain filling stages with a wet spring, a lack of sunshine in June and a flash heatwave in mid-July.
However, James Bolesworth, director, said the figures were still above the five-year average.
"Yields are better than initially anticipated and better than the winter barley figures anticipated," he said.
"It is likely we will see less production than last year."
Mr Bolesworth said reduced yields would give some support to UK markets alongside the issues caused by rain in Northern France and the current exchange rate.
But he warned farmers not to get ‘complacent just yet.’
"Globally, we have very good wheat yields and there is still a potential record corn crop in the US. This will weigh on the cereals and feed market," he added.
"It will take more than issues in France and Northern Europe."