Pre-opening 23/05/2025
Paris Chicago
WheatUnch- 1 cent
CornUnch to - 1 €/tUnch
RapeseedUnch
Soybean+ 1 cent
Indexes 22/05/2025
€/$1,1309 $
Oil WTI61,20 $/b

Wheat (€/t)
Sept. 25209,25-2,75
Déc. 25220,50-2,00
Mars 26227,00-1,50
Mai 26231,25-1,50
Sept. 26230,25-1,75
Corn (€/t)
Juin 25207,25+4,75
Août 25207,25+2,00
Nov. 25207,25-0,25
Mars 26212,25-0,50
Juin 26216,25-0,25
Rapeseed (€/t)
Août 25489,25+4,25
Nov. 25493,00+4,50
Févr. 26495,50+4,75
Mai 26495,75+4,75
Août 26476,00+4,00

22/05/2025

Wheat (€/t) : 2543 lots
LotsTypeStrike
10Call Sept. 25215,00
1000Call Sept. 25225,00
4Call Sept. 25226,00
4Call Sept. 25230,00
4Call Déc. 25220,00
600Call Déc. 25260,00
126Call Déc. 25265,00
3Call Mars 26268,00
1Call Mars 26285,00
1Call Mai 26230,00
5Call Mai 26245,00
550Put Sept. 25180,00
60Put Sept. 25185,00
50Put Sept. 25195,00
65Put Sept. 25200,00
10Put Sept. 25206,00
1Put Déc. 25219,00
3Put Mars 26226,00
41Put Mai 26200,00
5Put Mai 26230,00
Corn (€/t) : 30 lots
LotsTypeStrike
5Put Nov. 25180,00
10Put Nov. 25190,00
15Put Mars 26190,00
Rapeseed (€/t) : 846 lots
LotsTypeStrike
5Call Nov. 25490,00
410Call Nov. 25500,00
10Put Août 25450,00
11Put Nov. 25480,00
400Put Nov. 25485,00
10Put Nov. 25490,00

Wheat (¢/b)
Juil. 25544,5000+0,7500
Sept. 25560,5000+0,2500
Déc. 25583,2500+0,0000
Mars 26603,0000+0,7500
Mai 26614,5000+0,7500
Corn (¢/b)
Juil. 25463,0000+1,0000
Sept. 25441,0000+0,7500
Déc. 25453,2500+0,7500
Mars 26468,0000+0,5000
Mai 26476,5000+0,2500
Soybean (¢/b)
Juil. 251067,5000+1,2500
Août 251062,5000+1,5000
Sept. 251046,7500+1,0000
Nov. 251055,2500+1,2500
Janv. 261067,5000+1,2500
Soy meal ($/st)
Juil. 25298,5000-2,4000
Août 25302,3000-2,4000
Sept. 25305,0000-2,3000
Oct. 25306,9000-2,4000
Déc. 25311,6000-2,6000
Soy oil (¢/lb)
Juil. 2549,1100+0,9100
Août 2549,3000+0,9000
Sept. 2549,4300+0,8800
Oct. 2549,4900+0,8500
Déc. 2549,7200+0,8500

23/05/2025

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 basis295,00+0,00
Corn delivered Bordeaux Spot - July 2024 basis197,00+2,00
Corn FOB Rhin Spot - July 2024 basis192,00+2,00
Feed barley delivered Rouen - July 2025 basis197,00-3,00
Malting barley FOB Creil Spot - July 2025 basis246,00+0,00
Rapessed FOB Moselle Spot - Flat - 2025 harvest490,00+4,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest580,00+0,00
Feed peas FOB Creil Spot - August 2024 basis290,00+0,00

Events

Analysis 23/05/2025

European market

After the grain price increase observed since the beginning of the week, wheat prices decreased yesterday, both in the physical market—old and new crops—and on the Euronext futures market. The September 2025 contract has fallen back below the 210 €/t level, dragging subsequent contracts down with it. The brief strengthening of the dollar against the euro, below 1.13, failed to provide any price support.

The IGC figures for the 2024/25 season show an upward adjustment in global wheat ending stocks compared to the previous month, and estimated stocks held by major exporters are at 64mn t versus 63mn t last month. For the new harvest, the IGC also revised its stock estimate upwards, projecting 65mn t despite an expected +10mn t increase in exports compared to the current campaign. 

Old crop corn prices showed an upward trend yesterday, adjusting after sharper price increases in other grains over recent days. June 2025, August 2025, and even November 2025 contracts are now at parity above 207 €/t, closing on the highest levels for a month. The IGC has revised its estimate of global corn stocks downward by 1mn t to 275mn t. For the new crop, production potential remains above 1.27 billion t, pushing the projected ending stocks for the 2024/25 campaign higher to 275mn t despite expected consumption growth.

In the oilseed sector, despite a slight decrease in crude oil prices compared to the previous day, rapeseed prices rose yesterday. They recovered from the prior day's decline, once again approaching the 490 €/t level for the August 2025 Euronext contract.

American market

The increase in weekly export sales of U.S. wheat did not contribute to firmer prices yesterday. Despite total transactions exceeding 880,000 t for the week, the strong sales momentum of recent weeks remains intact. Cumulatively, the pace of new crop sales is well ahead of typical volumes for this time of year. U.S. wheat continues to benefit from the depreciation of the dollar, a key factor in its competitiveness. However, Chicago prices did not react positively to this trend, with the July 2025 contract closing below 4.45 $/bu, retreating after hitting one-month highs the previous day.

In corn, prices are attempting to stabilize following recent rebounds. The nearby contract edged higher, supported by export sales that again exceeded 1 Mt this week, though slightly below the record levels of the past two weeks. For the new crop, the December 2025 CME contract traded slightly lower compared to the previous day, signaling a slowdown in the upward price momentum seen since the beginning of the week.

Soybean markets remain volatile, with daily price movements showing significant swings. Weekly export sales reported by the USDA showed little change from the previous week. Nonetheless, September 2025 prices rebounded above 10.45 $/bu.

This final trading session of the week could prompt further position adjustments ahead of the long holiday weekend in the U.S. due to Memorial Day celebrations. The Chicago Board of Trade will be closed on Monday.

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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