Pre-opening 21/10/2025
Paris Chicago
Wheat+1 €/t+1 cent
Corn+1 €/t+ 1 cent
Rapeseed+ 1 €/t
Soybean+ 3 cents
Indexes 21/10/2025
€/$1,1607 $
Oil WTI57,52 $/b

Wheat (€/t)
Déc. 25188,25-0,25
Mars 26190,75-0,25
Mai 26194,50-0,50
Sept. 26200,75-0,50
Déc. 26207,00-0,25
Corn (€/t)
Nov. 25184,00+0,00
Mars 26185,00+0,00
Juin 26188,00-0,25
Août 26192,00-0,25
Nov. 26195,00+0,00
Rapeseed (€/t)
Nov. 25464,75+1,00
Févr. 26465,50+0,50
Mai 26464,75+1,00
Août 26455,50-0,25
Nov. 26459,25+0,00

21/10/2025

Wheat (€/t) : 2073 lots
LotsTypeStrike
3Call Déc. 25189,00
400Call Déc. 25190,00
400Call Déc. 25205,00
3Call Mars 26200,00
95Call Mars 26205,00
4Call Mai 26195,00
45Call Mai 26210,00
4Call Mai 26215,00
2Call Sept. 26200,00
3Call Déc. 26250,00
400Put Déc. 25185,00
505Put Mars 26180,00
5Put Mars 26190,00
30Put Mars 26195,00
5Put Mai 26180,00
45Put Mai 26195,00
123Put Déc. 26200,00
1Put Déc. 26205,00
Corn (€/t) : 51 lots
LotsTypeStrike
20Call Mars 26200,00
10Call Juin 26188,00
20Call Juin 26208,00
1Call Août 26192,00
Rapeseed (€/t) : 0 lots
LotsTypeStrike

Wheat (¢/b)
Déc. 25504,7500-4,2500
Mars 26521,5000-4,5000
Mai 26533,0000-4,7500
Juil. 26544,2500-4,7500
Sept. 26557,7500-5,0000
Corn (¢/b)
Déc. 25423,2500-3,5000
Mars 26437,0000-3,5000
Mai 26445,2500-3,5000
Juil. 26451,5000-3,7500
Sept. 26447,2500-2,7500
Soybean (¢/b)
Nov. 251031,7500-2,0000
Janv. 261050,0000-2,5000
Mars 261064,0000-2,7500
Mai 261077,2500-3,0000
Juil. 261088,2500-3,2500
Soy meal ($/st)
Déc. 25285,0000+1,5000
Janv. 26288,7000+0,9000
Mars 26293,6000+0,5000
Mai 26298,5000+0,0000
Juil. 26303,5000-0,2000
Soy oil (¢/lb)
Déc. 2551,3100-0,7500
Janv. 2651,6700-0,7400
Mars 2652,1000-0,7100
Mai 2652,3200-0,6800
Juil. 2652,3000-0,6400

22/10/2025

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 basis235,00+5,00
Corn delivered Bordeaux Spot - July 2025 basis183,00+0,00
Corn FOB Rhin Spot - July 2025 basis182,00-3,00
Feed barley delivered Rouen - July 2025 basis183,00+0,00
Malting barley FOB Creil Spot - July 2025 basis183,00+0,00
Rapessed FOB Moselle Spot - Flat - 2025 harvest465,00+0,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2025 harvest565,00+0,00
Feed peas FOB Creil Spot - August 2025 basis240,00+0,00

Events

Analysis 21/10/2025

European market

The week has started without a lot of movements on the European grain market. Note, however, a new decline of the euro-dollar which at 1.1635 brings all relative support.
Wheat remains stuck on Euronext's December 2025 contract between the resistance of € 190/t that it fails to cross due to lack of bullish elements and the support of € 188 /t that it does not break because of rather firm Black Sea prices.
Indeed, it is in a context of a rise in the ruble and Algeria's return to purchases that fob Russia wheat prices start the week on a firm tone.
On the corn side, the status quo is even sharper. Between prices that are holding steady in Chicago while waiting to learn more about the yields of US corn and Ukrainian exports that are not yet taking off to Europe, Euronext corn is trading close to €184/t for November 2025 contract.
Rapeseed ignores a barrel of crude oil that sinks below $ 57 in New York and attempts yet another rebound. It progresses mainly out of sympathy with the soybean complex. Optimism about Sino-American relations resis back at the beginning of the week.

American market

The week is starting on a firm note in Chicago. The modest rise in grains is mainly driven by the soybean complex. Risk appetite in the US market has strengthened at the beginning of the week following confirmation that a meeting between Donald Trump and Xi Jinping will indeed take place in South Korea at the end of October. President Trump is even planning a visit to China in early 2026.

Soybeans, whose export sales to China have stalled, are seeing a surge of optimism and hopes for a turnaround.

As the Shutdown now ranks as the third longest in US history, the few figures and statistics released by the US administration are being watched even more closely. That’s the case with the export loading data published yesterday by the USDA for the past week.

  • Wheat: 481 000 t, up 7.4 % on the week and +78 % year-on-year.
  • Corn: 1.318 mnt, up +8.93 % on the week and +61 % year-on-year.
  • Soybeans: 1.474 mnt, up +44.9 % on the week but down -31 % year-on-year.

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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