Pre-opening 11/07/2025
Paris Chicago
Wheat+ 1 €/t+ 1 cent
Corn+ 1 €/tUnch
Rapeseed+ 1 €/t
Soybean+ 1 cent
Indexes 14/07/2025
€/$1,1690 $
Oil WTI68,45 $/b

Wheat (€/t)
Sept. 25197,25-3,75
Déc. 25207,75-1,50
Mars 26215,50-1,00
Mai 26219,50-0,75
Sept. 26224,00-0,75
Corn (€/t)
Août 25206,50+0,00
Nov. 25198,75-1,75
Mars 26204,75-5,25
Juin 26208,25-1,50
Août 26216,25-1,75
Rapeseed (€/t)
Août 25465,75+2,75
Nov. 25477,50+2,00
Févr. 26484,00+0,75
Mai 26487,00+0,75
Août 26467,75-0,25

14/07/2025

Wheat (€/t) : 837 lots
LotsTypeStrike
255Call Sept. 25205,00
22Call Sept. 25210,00
75Call Sept. 25220,00
10Call Déc. 25220,00
1Call Déc. 25250,00
5Call Mars 26226,00
5Call Mars 26230,00
12Put Sept. 25190,00
12Put Sept. 25200,00
100Put Sept. 25205,00
200Put Sept. 25215,00
10Put Déc. 25190,00
100Put Déc. 25205,00
5Put Déc. 25209,00
5Put Déc. 25210,00
5Put Mars 26190,00
5Put Mars 26200,00
5Put Mars 26215,00
5Put Mars 26218,00
Corn (€/t) : 57 lots
LotsTypeStrike
5Call Nov. 25215,00
21Put Août 25205,00
21Put Août 25208,00
5Put Nov. 25190,00
5Put Nov. 25200,00
Rapeseed (€/t) : 925 lots
LotsTypeStrike
500Put Nov. 25445,00
100Put Nov. 25455,00
50Put Nov. 25460,00
250Put Nov. 25470,00
25Put Août 26430,00

Wheat (¢/b)
Sept. 25545,0000-3,0000
Déc. 25565,5000-2,5000
Mars 26583,7500-2,7500
Mai 26594,2500-2,0000
Juil. 26601,5000-2,0000
Corn (¢/b)
Sept. 25396,0000+4,5000
Déc. 25412,2500+6,2500
Mars 26429,0000+6,0000
Mai 26439,7500+5,7500
Juil. 26447,0000+5,2500
Soybean (¢/b)
Août 251004,2500-3,5000
Sept. 25995,0000-2,0000
Nov. 251007,2500+0,0000
Janv. 261024,0000+0,0000
Mars 261038,0000+0,2500
Soy meal ($/st)
Août 25270,3000-2,7000
Sept. 25274,2000-2,6000
Oct. 25277,4000-2,1000
Déc. 25283,6000-2,1000
Janv. 26287,2000-2,0000
Soy oil (¢/lb)
Août 2553,7500+0,3900
Sept. 2553,5800+0,3800
Oct. 2553,4900+0,3300
Déc. 2553,6500+0,3000
Janv. 2653,8200+0,2900

11/07/2025

Physical (€/t)
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report
FIND OUT MORE HERE >>
Durum wheat delivered La Pallice Spot - July 2025 basis270,00+0,00
Corn delivered Bordeaux Spot - July 2024 basis194,00+3,00
Corn FOB Rhin Spot - July 2024 basis193,00+3,00
Feed barley delivered Rouen - July 2025 basis191,00+4,00
Malting barley FOB Creil Spot - July 2025 basis217,00-2,00
Rapessed FOB Moselle Spot - Flat - 2025 harvest463,00+3,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest550,00+0,00
Feed peas FOB Creil Spot - August 2024 basis270,00+0,00

Events

Analysis 11/07/2025

European market

The delay in Russia’s harvest and producers’ reluctance to sell are disrupting export flows and supporting wheat prices across the Black Sea region. Meanwhile, hot and dry weather across Europe’s corn-growing areas is once again raising concerns.

In this context, short-covering is intensifying, particularly from investment funds. That’s all it takes in a tight market—also in France—to push prices upward.

The easing of the euro/dollar exchange rate, which has dropped to 1.1670 from 1.1830 ten days ago, is giving European prices an additional boost.

Against this backdrop, wheat and corn closed yesterday near their session highs on Euronext, with significant gains: + 4.50 €/t to 201.25 €/t for September 2025 wheat, and + 5 €/t for August 2025 corn.

Rapeseed is currently performing much less impressively, barely managing to hold its support level at 460 €/t for the August 2025 Euronext contract. In addition to harvest pressure in Europe, uncertainty surrounding Donald Trump’s tariff policies is weighing on the oilseed and energy sectors.

American market

Wheat led the rally yesterday in Chicago. Rising in tandem with the price rebound seen in Europe and the Black Sea region, the U.S. market also welcomed strong weekly export sales. With 567,823 t of U.S. wheat sold over the past week, exports are ahead of the pace expected by the USDA. Corn and soybeans also posted solid export figures for the week:

  • Corn: 1.262 mnt for 2024/2025 and 889,000 t for 2025/2026

  • Soybeans: 503,000 t for 2024/2025 and 248,000 t for 2025/2026

  • Additionally, an exceptional sale of 110,000 t of U.S. corn to an unknown destination was reported yesterday.

Despite these sales, corn and soybean prices are struggling to rebound and remain near recent lows due to large harvests—either completed or expected—in South and North America. Notably, Conab slightly lowered its soybean production estimate in Brazil yesterday by 0.12 mnt to 169.48 mnt, while raising its corn forecast by 3.72 mnt to a new record of 131.97 mnt.

The USDA’s WASDE report, set to be released today, is expected to reflect these high production levels in Brazil. More broadly, market participants are watching this report closely to set the tone for the day and the end of the week. In the meantime, funds were actively covering short positions in wheat, corn, and soybeans yesterday.

Black Sea market

Click here to request full access to the AgriMarkets report to find out more about the Black Sea region, and follow price trends in Russia on a daily basis.

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