| Commodity | €/t Sept Green | €/t Nov/Dec 25 Dried |
| IRL Feed Wheat¹ | 195-200 | 225 |
| IRL Feed Barley¹ | 185-190 | 215 |
| Paris MATIF Wheat² | – | 213.25 |
| Paris Oilseed Rape | – | 483.50 |
| Maize ex. Port | – | 220 |
² Source: Euronext correct as of 03.06.25 2pm
Market Prices and News
Global wheat prices declined marginally during the last 10 days of May. In the week ending Friday May 30th, MATIF Dec-25 lost €5.75/t to close the week at €212.75. In trading to date this week, these prices have remained very similar at €214/t. Sep-25 futures are low at €202/t.
Markets decreased on the week due to rain forecast across Europe and more favourable conditions.
In the USA crop ratings have improved again following a decline earlier in May, US winter wheat is now rated 52% good up 2% on the week (USDA). Spring wheat at 45% good-excellent remains poor, with the area estimated at a 55-year low (Reuters).
US corn futures have lost ground in the past week also, CBOT Dec-25 is equivalent to $172/t or €151/t.
Currency exchange rates continue to be a major factor in determining European grain prices. The dollar/euro rate has slightly eased to €1 = $1.14 but this remains higher than recent years.
For maize, French Euronext prices have touched lows of €190/t for August 2025 futures.
Native price offers for old crop remain at €215/t for dried feed barley with wheat at around €225/t ex. store.
For new crop green price offers from co-operatives remain at €190/t green barley and €200/t for green wheat. Prices from independent merchants can be €5-10/t lower than this depending on the day.
For malting barley, the FOB-Creil July-25 prices closed at €235/t on Thursday 29th May, which is a decline on the previous two weeks down from €242/t and €250/t. The rolling average stands at €239.67/t for this Boortmalt contract.
For rapeseed prices, Paris Matif futures dropped €12.50/t last week to close at €479/t due to wider weakness in the oilseed market (AHDB). Markets have risen €4/t to €483/t in trading so far this week. However, rapeseed prices remain supported due to mixed global forecasts and tight stock balances in major exporters and importers (Agritel).
Global Grain Supply and Demand
The EU Commission has updated its 2025/26 wheat production estimates; soft wheat production is pitched at 126.3MMT up 0.3MMT on last month’s number.
In Germany, the Farm Cooperative Association estimates the country’s wheat crop to come in 21.01 down on 21.41MMT estimated last month but this figure is 13.6% higher year-on-year.
USA corn was 93% planted as of June 1st, of this 68% is rated as good to excellent, which is lowest in six years at this stage.
For Russia, analyst Sovecon has forecast the 2025/26 crop at 81MMT up 1.2MMT on the month with exports pitched at 40.8MMT due an improvement in weather conditions.
In Argentina, soya harvest is running behind schedule at just over 80% complete, with corn at 40%, wheat planting on an estimated area of 6.7mha has commenced (Reuters/Buenos Aires Grain Exchange).
The Ukrainian ag. ministry has forecast the 2025 grain harvest to decline by 10% to 51MMT.
