| Commodity | September | Nov/Dec €/t |
| IRL Feed Wheat¹ | 205-210 (green) | 235-245 |
| IRL Feed Barley¹ | 200 (green) | 225-230 |
| Paris MATIF Wheat² | 225 | 234.50 |
| Paris Rapeseed | – | 537 |
| FOB Creil (July 26) | 229 | – |
¹ Source: Irish grain industry source
² Source: Euronext correct as of 13.08.26 2pm
Market Prices and News
Paris MATIF futures for Dec-26 gained €4/t to close at €232/t last week. Continued uncertainty over attacks on shipping from Black Sea ports has limited export activity. Harvest prospects for these key producers remain good and restricted exports are creating significant challenges.
MATIF wheat prices dropped earlier this week (Tuesday 11th August) on back of news of a potential moratorium between Russia and Ukraine. Sep-26 futures closed the day at €215/t, the lowest price in 1 month. Prices then rallied at the time of writing on Thursday 13th back to €234/t for Dec-26 and back to €225/t for Sep-26. on news of damage at key Russian terminals (Sovecon).
In Chicago, prices for new crop maize positions remain in a broadly similar range of $4.50-4.60/bushel (approx.€155-160/t) but await news of the WASDE report for August later. CBOT futures for Dec-26 rose to $4.73/bu upon news of lower maize yields announced by USDA.
Crop ratings for maize are 61% good with soya at 62% good. Weather conditions will be closely watch over the next six weeks before maize crops start to mature in key states.
Native grain prices are more volatile in the past week, dried wheat for November is put at €235-245/t depending on the hour of the day, with dried barley at €225-230/t, maize ex. port is put at €235-240/t for the same period.
No further price offers for green grain from the main co-operatives have been issued this week.
Spot malting barley prices have remained broadly similar to the last report at between €232-235/t, however at the time of writing on 13th August, price was at €231/t
Rapeseed prices have remained firm on Paris futures primarily on the back of disruption to oilseed supply logistics in the Black Sea, volatile oil prices have also given some support. . Nov-26 futures gained €20/t to close at €533/t on Friday August 1st. Prices have remained around €535/t at the time of writing, this would put OSR ex. farm here around €500/t depending on the buyer.
the contract expiry nears.
Global Grain Supply and Demand
USDA published its WASDE report for August at 5pm yesterday.
Key points from the report include:
- Maize yield is forecast at 180.7bu/a (4.59t/ac) down from 183bu/ac in July, harvested area is expected to increase by 1.2 million acres. Production is still forecast at 406.75MMT.
- Soybean harvested area is expected to rise 1.4 million acres, but yields are forecast to lower than last month
- US wheat area is still set to be the smallest in 56 years, but production estimates are largely unchanged from last month’s report.
- Wheat supplies are at 1099.5MMT globally with ending stocks up 0.4MMt at 273.2 MMT
Estimates for the EU maize crop has continued to decline. Analsysts Expana have forecast the crop at 49.1MMt, while Agritel have factored in a 2% drop year-on-year to 48MMT. French data from Agreste has reported a 35% drop YOY to 9MMT tonnes of maize.
