Pre-opening 23/06/2025
Paris Chicago
WheatUnch to +1 €/t+ 1 cent
CornUnch to +1 €/t- 1 cent
Rapeseed+ 1 €/t
Soybean+ 1 cent
Indexes 20/06/2025
€/$1,1515 $
Oil WTI74,93 $/b

Wheat (€/t)
Sept. 25208,00-1,00
Déc. 25219,50-0,75
Mars 26227,25-0,25
Mai 26231,25-0,25
Sept. 26231,50+0,00
Corn (€/t)
Août 25198,75+3,25
Nov. 25207,50+1,75
Mars 26215,00+2,00
Juin 26218,75+3,50
Août 26217,75+3,25
Rapeseed (€/t)
Août 25505,25+5,00
Nov. 25512,00+5,25
Févr. 26514,25+6,25
Mai 26514,00+6,75
Août 26491,50+5,50

20/06/2025

Wheat (€/t) : 4382 lots
LotsTypeStrike
250Call Sept. 25215,00
10Call Sept. 25217,00
500Call Sept. 25225,00
2Call Déc. 25219,00
186Call Déc. 25220,00
5Call Déc. 25225,00
1Call Déc. 25235,00
16Call Déc. 25245,00
1Call Mars 26226,00
3Call Mars 26232,00
40Call Mars 26245,00
100Call Mars 26260,00
2Call Mai 26230,00
40Call Mai 26250,00
100Call Mai 26270,00
35Put Sept. 25190,00
10Put Sept. 25191,00
400Put Sept. 25200,00
500Put Sept. 25205,00
10Put Sept. 25208,00
54Put Sept. 25210,00
2000Put Déc. 25190,00
16Put Déc. 25200,00
21Put Déc. 25220,00
40Put Mars 26225,00
40Put Mai 26230,00
Corn (€/t) : 360 lots
LotsTypeStrike
30Call Août 25200,00
40Call Nov. 25210,00
25Call Mars 26228,00
100Call Mars 26230,00
40Put Nov. 25190,00
100Put Mars 26200,00
25Put Mars 26206,00
Rapeseed (€/t) : 1129 lots
LotsTypeStrike
60Call Août 25520,00
3Call Nov. 25485,00
2Call Nov. 25500,00
1Call Nov. 25512,50
100Call Nov. 25515,00
1Call Nov. 25520,00
105Call Nov. 25540,00
32Call Nov. 25550,00
1Call Févr. 26515,00
2Call Févr. 26552,50
6Call Mai 26515,00
1Call Mai 26520,00
200Put Août 25460,00
2Put Août 25470,00
150Put Août 25475,00
5Put Août 25480,00
15Put Août 25485,00
60Put Août 25487,50
17Put Août 25490,00
10Put Août 25492,50
2Put Août 25505,00
40Put Août 25510,00
105Put Nov. 25475,00
50Put Nov. 25490,00
157Put Nov. 25500,00
2Put Févr. 26512,50

Wheat (¢/b)
Juil. 25567,7500-3,7500
Sept. 25583,5000-4,0000
Déc. 25606,0000-3,7500
Mars 26625,5000-4,5000
Mai 26635,7500-4,5000
Corn (¢/b)
Juil. 25428,7500-5,2500
Sept. 25425,5000-4,7500
Déc. 25441,2500-5,0000
Mars 26456,7500-5,0000
Mai 26466,5000-5,0000
Soybean (¢/b)
Juil. 251068,0000-1,7500
Août 251071,5000-1,7500
Sept. 251054,0000-3,0000
Nov. 251060,7500-2,7500
Janv. 261075,0000-2,5000
Soy meal ($/st)
Juil. 25284,1000-1,8000
Août 25288,2000-1,8000
Sept. 25291,5000-1,9000
Oct. 25293,2000-1,9000
Déc. 25298,1000-1,8000
Soy oil (¢/lb)
Juil. 2554,4700+0,2800
Août 2554,6000+0,3200
Sept. 2554,7600+0,3000
Oct. 2554,8300+0,3100
Déc. 2555,1000+0,3400

23/06/2025

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 basis285,00+0,00
Corn delivered Bordeaux Spot - July 2024 basis190,00+2,00
Corn FOB Rhin Spot - July 2024 basis191,00+3,00
Feed barley delivered Rouen - July 2025 basis192,00-1,00
Malting barley FOB Creil Spot - July 2025 basis232,00+2,00
Rapessed FOB Moselle Spot - Flat - 2025 harvest501,00+5,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest550,00+0,00
Feed peas FOB Creil Spot - August 2024 basis280,00+0,00

Events

Analysis 23/06/2025

European market

The 2025-26 harvest is gaining momentum in France, starting with winter barley, closely followed by rapeseed, amid intense heat that’s making operators cautious about final yields.

But the greatest current uncertainty is geopolitical. Eyes remain on the Middle East following U.S. strikes in Iran over the weekend, and especially after the Iranian parliament approved a potential blockade of the Strait of Hormuz. While not yet implemented, this possibility puts the crude oil market on high alert. On Monday morning in New York, the price of a barrel climbed above 75 $. The dollar is regaining some of its status as a safe haven, pushing the euro/dollar rate below 1.1500.

On Euronext, wheat saw some end-of-week profit-taking on Friday, closing down 1 €/t from the day before at 208 €/t for September 2025. Corn, however, remained firm, ending the week on a bullish note: up 3.25 €/t to 198.75 €/ton for August 2025—nearly hitting 200 €/t again after dipping below 185 €/t the previous Monday.

Rapeseed is just as volatile, closing up 5 €/t at 505.25 €/t for the August 2025 Euronext contract. The market is buoyed by rising crude oil prices and the strong performance of Canadian canola, whose nearby Winnipeg contract is testing 750 CAD/t, its highest level in 21 months.

As expected, the state of French crops has declined due to the heat. According to FranceAgriMer’s latest “Céréobs” report from last Friday, crop conditions are as follows:

  • Soft wheat: 68 % good to excellent (vs. 70 % last week, 69 % average)

  • Winter barley: 64 % (vs. 65 % and 67 %)

  • Spring barley: 67 % (vs. 71 % and 68 %)

  • Durum wheat: 71 % (vs. 73 % and 66 %)

  • Corn: 83 % (vs. 85 % and 84 %).

American market

Despite a highly volatile geopolitical and crude oil context, wheat, corn, and soybeans all closed lower on Friday in Chicago. This was largely due to end-of-week profit-taking.

On the weather front, some rains are still expected this week in Kansas, hindering the winter wheat harvest. Oklahoma and Texas will remain mostly dry. In contrast, the rain forecasted over the Corn Belt this week is seen as beneficial for corn and soybeans. It’s the high temperatures—reaching over 30°C in the southern Corn Belt—that are stirring the most discussion.

On Friday, market participants followed the release of the USDA’s weekly export sales figures, which were as follows:

  • Wheat 2025/2026: 427,000 t

  • Corn 2024/2025: 904,000 t

  • Soybeans 2024/2025: 540,000 t.

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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