| Commodity | September | Nov/Dec €/t |
| IRL Feed Wheat¹ | €195 (green) | 225-230 |
| IRL Feed Barley¹ | € 190 (green) | 225 |
| Paris MATIF Wheat² | €216 | 225 |
| Paris Rapeseed | 524.25 | 528 |
| Rapeseed (IRL) | 485 | N/A |
| FOB Creil (July 26) | 223 | – |
² Source: Euronext correct as of 13.05.26 2pm
Market Prices and News
Last week global grain markets for wheat closed down on the week. MATIF Dec-26 dropped €7/t overall to close at €215.75/t on Friday 8th May.
A fall in crude in oil prices and beneficial rain across key producers in the EU eased market concerns last week.
However, further deterioration in the US wheat crop to just 28% good supported markets in early trading this week. The US will produce it’s smallest wheat crop since 1965 according to the USDA with total production coming in at 42.5MMT down from 54MMT in 2025. Hard red wheat (HRW) is expected to see the sharpest cut.
Chicago wheat futures for new crop y surged over $7/bushel with the USDA announcement, this is approximately $259/t, which converts to €240/t.
Prices have also been supported with the release of the USDA first World Agricultural Supply and Demand Estimates (WASDE) for the 2026/27 year. The USDA has forecast a sharp drop in global wheat production (-24.8MMT) for this cycle. MATIF Dec-26 gained €7.50/t to close at €225.50/t on Tuesday 12th May.
Native prices remain broadly similar, Tirlan offered €195/t for green wheat and €190/t for green barley this week.
For malting barley, FOB Creil prices for July 2026 are trading at €223/t this week, down from €228/t last week.
Oilseed rape prices remain firm, last week, MATIF Nov-26 contracts followed the decline in crude oil prices with a drop of €8/t to close at €515/t. Prices have rebounded in trading this week to €527-528/t for Nov-26 futures. Ex. farm prices for oilseed rape at harvest are approximately €480-485/t
Global Grain Supply and Demand
The first WASDE report from the USDA for the 2026/27 was published on Tuesday evening.
US maize production is expected to be 406MMT down from 2025 record of 432.2MMT. Soybeans are expected to land at 120.7MMT versus 116MMT, this is largely driven by higher plantings.
Wheat ending stocks are revised lower on the month: 279.2MMT vs 283.1MMT.
Maize ending stocks are revise upwards to 297MMT versus 294.8MMT last month.
USDA boosted production in Argentinian maize by 7MMT to 59MMT in total. 3MMT was added to Brazilian maize for 2025/26 (total 135MMT).
The EU Commission has increased its forecast for EU rapeseed production from 19.9MMT to 20.8MMT for 2026/27. This is an increase from 20.2MMt produced in 2025. MARS, the crop monitoring unit estimates that the average yield in the EU could be 3.25t/ha this year.
