| Commodity | September | Nov/Dec €/t |
| IRL Feed Wheat¹ | 195 (green) | 230 |
| IRL Feed Barley¹ | 190 (green | 225 |
| Paris MATIF Wheat² | 213.75 | 222 |
| Paris Rapeseed | 524.75 | 528.50 |
| Rapeseed (IRL) | 485-490 | N/A |
| FOB Creil (July 26) | 221 | – |
¹ Source: Irish grain industry source
² Source: Euronext correct as of 27.05.26 12pm
Market Prices and News
Last week global grain markets for wheat closed up due to the news of the US China trade deal and a decline in US wheat crop conditions. MATIF Dec-26 wheat futures gained €4.75/t on the week to close on Friday at €223.50/t.
Trading this week has been disrupted by public holidays in much of Europe and for Memorial Day in the USA. Prices closed lower on Monday following crude oil prices down but have recovered in trading mid-week. Further deterioration in the US wheat crop (just 26% good) has given some support.
In the USA, USDA released figures of planting progress this week, maize is 86% planted as of May 24th, ahead of average, soybeans are 79% planted, well ahead of average but behind the record set in 2012.
For European cereals, weather developments and watchpoints include historic May heatwave conditions present in the UK, France and across continental Europe this week. Conditions in early May were cooler with some beneficial rains, this is reflected in the latest French crop observations published for May 18th put soft wheat at 80% good, ahead of 71% last year. Winter barley is 71% good ahead of 66% last year. Spring barley is 85% good up on 75% this time last year.
Native grain prices remain broadly similar to last week – green barley is valued at around €190/t with green wheat at €195/t depending on the day. Dried wheat prices for Nov-26 are around €230/t for wheat or €1-€2/t either side of this depending on the day.
Malting barley prices on the FOB Creil market for July 2026 are trading at €221/t down €2/t from last week.
For oilseed rape, Paris futures for Dec-26 remain firm, prices closed at €529.75/t last week, up €5/t on the week. Prices followed crude oil prices down on Monday and Tuesday of this week but have rebounded by €9.50/t this week to return to levels seen at the end of last week. Ex. farm prices for harvest movement are between €485-490/t depending on the merchant.
Global Grain Supply and Demand
The EU Commission published its MARS crop monitoring report last week. The report trimmed forecast yields for soft wheat, spring barley and grain maize. Overall, the Commission expects soft wheat production at 126.9MMT and barley at 51.75MMT for harvest 2026.
For oilseeds EU-27 rapeseed yield was reduced by 2% to 3.19t/ha, but overall production is expected to reach 20.85MMT which is up on 2025. In Germany, cooperative association DRV estimates that the country’s rapeseed crop will increase by 4.3% to 4.14MMT.
The International Grains Commission published its market report last week. For 2026/27 global crop production is seen at 3% lower than 25/26, with stocks estimated to tighten by 4% also.
