European market
Many European agriculture producers are mobilizing, especially in Brussels, facing the many issues currently and inrecent years.
In terms of markets, the context remains bearish as we approach the end of the year. Wheat prices in the French ports are trading at new lows since the beginning of the campaign. On Euronext, the situation is similar with the March 2026 wheat contract closing yesterday the session just above €185/t. This decline also weighs on the following contracts. The downward movement affects corn prices as well, which are moving at parity with wheat on Euronext for the front contract. The other grains of the 2025/26 harvest also mark a decline, like feed and malting barley.
In oilseeds, the price spread between the canola and rapeseed seeds of different origins continues to pressure prices of the complex, reinforced by the recent upward movement of the euro still evolving close to 1.1750 against the dollar. Rapeseed prices are falling both on the physical markets in France and on Euronext. Vegetable oil prices are also recording a decline, which maintains the downward trend. The sunflower prices also marked a decline yesterday in France and Europe.
American market
Wheat prices did not experience the rebound observed yesterday on corn in Chicago. Indeed, the SRW wheat on the front contract registers a new decline and even reaches a low by testing the level of $5.04/bu in session. This new downward movement has encouraged funds to follow the trend. The announced cancellation of the sale to China of White quality wheat, negotiated last month for a volume of 132,000 t, also weighed on prices, showing that arbitrations remain possible in the face of origins currently more attractive than the United States.
In corn, the situation is different. Yesterday's session closed higher, interrupting the bearish dynamics of the last few days. The March 2026 contract returns above $4.40/bu and erases most of the decline recorded at the beginning of the week. The return of prices to their lowest levels since the end of November has favoured the repositioning of buyers. The USDA reported yesterday a new exceptional sale of 177,055 t of corn destined for Mexico.
New exceptional sales were also announced yesterday by the USDA in soybeans for 198,000 t to China and 125,000 t to unknown destination. This announcement helped stabilize the soybean market after a decline below $10.60/bu in session for the January 2026 contract. Exporters remain attentive to the fulfillment of Chinese import commitments.
Black Sea market
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