| Commodity | Spot €/t | September | Nov/Dec €/t |
| IRL Feed Wheat¹ | – | 190 (green) | 225 |
| IRL Feed Barley¹ | 185 (green) | 219-220 | |
| Paris MATIF Wheat² | 207.50 | 214.50 | 219.75 |
| Paris Rapeseed | 501.50 | 488.25 | 485 |
| Rapeseed (IRL) | – | 465 | 490 |
² Source: Euronext correct as of 16.03.26 10am
Market Prices and News
Global grain and oilseed markets have experienced significant volatility over the past two weeks in response to the conflict in Iran and the Middle East. The main cause for volatility is the price of energy which has sky-rocketed and markets are building in a risk premium even though they remain very well supplied internationally. Brent crude prices closed last week at $103/barrel, but prices had touched $119 during trading in the last week.
On Friday March 6th Paris MATIF wheat futures for May-26 rose by €6.50/t on the week to close at €204/t. By Friday March 13th, prices for this contract closed at €210.50/t up €2.50/t on the week. At the time of writing on Monday, 16th March prices for May-26 are at €207.50/t.
For new crop futures, Paris Dec-26, closed last week at €222.50/t up 1.3%, but at the start of this week prices have eased back to €218.75/t.
In addition to the strength of the oil market, support is also coming from a fall in the euro/dollar exchange rate with €1 = $1.14 which is the lowest rate within the past six months, this makes European wheat more competitive on international markets.
Native cereal prices have increased very slightly. Tirlan offered €190/t for green feed wheat and €185/t for green barley, up +€5/t on last week. For dried grain, the co-operative offered €219/t for barley and €225/t for wheat for November-26 payment.
Rapeseed has seen significant gains over the past 10 days, with a €22.25/t climb in the week ending March 6th. Last week, Paris futures for May-26 closed on Friday, March 13th at €511.25/t up €2/t on the week.
Tirlan offered €465/t for Irish rapeseed (harvest 26) and €490/t for dry rapeseed, these prices are approximately €30-40/t higher over the past month.
Global Grain Supply and Demand
The March WASDE report was published on Tuesday 10th March by the USDA. Key points include
Global, wheat supply remains unchanged at 1,108 million tonnes.
A slight decrease in wheat ending stocks to 277MMT but stocks remain at a 5-year high.
An increase in wheat exports for Argentina to 19.5MMT and decline in EU-27 to 30.5MMT for 2025/26.
EU wheat stocks for February are put at 15.6MMT, a rise of 34% YOY.
According to Statistics Canada, Canadian farmers intend to plant 8.84mha of canola/oilseed rape in 2026 up from 8.75mha in 2025.
In Australia ABARES has reported that wheat harvest is essentially complete with production at 36MMT, its third largest on record.
In France, AgriMer has reported that spring barley planting experienced significant activity in the past two weeks, with a jump from 32% to 87% between March 2nd and March 9th.
