European market

The week ended differenly for different products on Friday evening on Euronext. Rapeseed has been able to bounce back on the support of €545/t tested many times on the November 2026 contract since the beginning of September. Corn is also back up on the support zone of 260-262 €/t tested throughout the week on the November 2026 contract.
Only wheat ends down, towards the support of 240 €/t on December 2026 in an undecided international context. The sellers were notably disappointed at the end of the week by the bitter final negotiations around the tender from Pakistan.
On the international scene, the situation presents itself as mixed. In the Middle East, optimism is gradually gaining the upper hand and crude oil prices are easing. Saudi Arabia is showing confidence in its ability to resume its crude exports, while Donald Trump has mentioned talks with the Houthi rebels. On the other hand, in the Black Sea, the tension remains extreme, especially after the massive strikes of the weekend.
In France, the dry weather accelerates the maturity of corn. The harvest reaches 27% of achievement nationwide on September 14 according to FranceAgriMer, well beyond the 5% average to date. The most significant progress is observed in Nouvelle-Aquitaine with 49% of realization, followed by the Pays de la Loire with 45% of harvested areas on September 14th.

American market

The generalized decline was recorded on Friday evening in wheat, corn and soybeans in Chicago, coming to close a week marked by resales of positions on the part of the funds.
The visible rationing of US wheat exports is weighing on prices. Corn and soybeans, meanwhile, fell under the influence of the relaxation of crude oil prices at the end of the week.
The soybean market is nevertheless driven by export sales to China. The USDA announced on Friday the sale of 110,000 t of US soybeans to China.
Discussions between the United States and China have also started this weekend ahead of a meeting between Xi Jinping and Donald Trump, normally scheduled for Thursday, September 24 in the United States. As every time in the past, the ongoing trade negotiations can generate enthusiasm for US agricultural products, rare American goods that China imports.

Black Sea market

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