| Commodity | Dec/Jan |
| IRL Feed Wheat¹ | 212-215 |
| IRL Feed Barley¹ | 203 |
| Paris MATIF Wheat² | 188.25 |
| Paris Oilseed Rape | 464.75 |
| Maize (ex.port) | 212-215 |
² Source: Euronext correct as of 22.10.25 10am
Market Prices and News
Paris MATIF wheat futures have remained largely steady between €188- €190/t in recent weeks with no significant moves either side of this range. Dec-25 prices were unchanged last week.
Prices are unable to move above €190/t due to a real lack of bullish factors or supportive news but haven’t fallen back either due to firm prices in the Black Sea region which have been supported by reasonable export demand. (Agritel).
Chicago maize futures were slightly supported last week and closed at 2.3% up on the week. The US government shutdown, which is now the 3rd longest on record, has heavily slowed information from state agencies such as USDA. Harvest in the mid-West is progressing well, although maize and soybean yields do not appear to be as high as predicted before harvest, the maize crop is still expected to be a record volume.
Native dried wheat prices for Dec/Jan remain broadly similar at €212-215/t. Dried barley for this period is €203-205/t with imported maize priced at €212/t.
No further native green price announcements have been issued this week.
Rapeseed prices have declined marginally in recent weeks, Nov-25 Paris futures dropped €4.25/t to close at €462.65/t on Friday last week. This is driven by a decline in crude oil prices, the completion of harvest in Canada and higher than expected production in Australia.
Global Grain Supply and Demand
IKAR has increased its estimate for Russian wheat production from 87.5MMT to 88MMT. Overall, the Russian wheat crop is now significantly larger than forecasted back in the summer months when analyst estimates ranged from 84-85MMT. Favourable weather conditions in Siberia have produced record yields there, Siberia produces about 13% of the total Russian wheat crop.
Harvest has commenced in Australia, estimates for wheat production in 2025/26 are coming at 35.7MMT which is up from 34.1MMT last year. For rapeseed, estimates from western Australia are now pitched at 3.8MMT up from 3.3MMT earlier in the season.
French wheat planting is progressing well due to the recent dry weather conditions across Europe, as of October 13th French wheat planting was already 27% completed which is well ahead of two previous years (source: Agri-Mer).
In Brazil, CONAB expects another record soybean harvest for 2025/26 with a forecast of 177.64MMT up from 171.5MMT in 2024/25, this is largely driven by 3.6% in production area. Planting for this soybean crop is underway at present and is well ahead of average , supported by timely rains (AHDB).
