European market

The last week ended  in a context of the still very volatile European grain markets. For the first time in 4 months, Euronext December 2026 wheat fell below € 220/t during Friday's session before being supported by an important wave of short covering and by a strong decrease of the euro/ dollar,  at 1.1160 now.
The December 2026 contract closed up by +€2.50/t and dragged corn in its wake, with a March2027 contract on Euronext up by +€1.25/t to €247.25/t. Only rapeseed remains in the red with a new closing down by -€3.25/t to €522.75/t on the February 2027 Euronext contract. Even if crude oil stabilized around $90/barrel in New York at the end of last week, its very sharp fall at the beginning of the week, in connection with the US elections, triggered significant downward pressure on the vegetable oil sector around the world. Soybean oils in Chicago and palm oil in Kuala Lumpur have fallen particularly in recent days.
The markets will wait at the beginning of the week for the monthly report from the USDA this Tuesday, November 10th. The operators will also follow with great attention the trilateral discussions that will be held on November 10 and 11 in Abu Dhabi between the representatives of Ukraine, Russia and the United States.

American market

Prices closed in scattered order on Friday in Chicago. Wheat remains under selling pressure from the funds, in the context of ongoing negotiations between Russia, Ukraine and the United States. The December 2026 contract for the SRW wheat went well below the $6/bu level.
On the other hand, corn and soybeans have been the subject of short positions buying back by the funds and a renewed demand. The rebound in prices observed at the close on Friday evening is nevertheless modest in view of the fall recorded throughout the week.
In corn as in soybeans, operators are eagerly awaiting the USDA's Wasde report this Tuesday, November 10th. A rise in US soybean production towards a new record is expected, while the corn yield in the United States is still the subject of discussions.
The USDA announced Friday the sale of 136,000 t of American soybeans destined for China as well as 101,000 t of American corn to an unknown destination.

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.