| Commodity | Dec/Jan |
| IRL Feed Wheat¹ | 212-215 |
| IRL Feed Barley¹ | 203-205 |
| Paris MATIF Wheat² | 195 |
| Paris Oilseed Rape (Feb-26) | 480 |
| Maize (ex.port) | 212-215 |
² Source: Euronext correct as of 05.11.25 10am
Market Prices and News
Paris MATIF wheat futures rallied slightly last week, Dec-25 futures closed at €193/t on Friday last week up by €3.50/t on the week, whilst May-26 futures climbed above €200/t for the first time since early October. Prices, at the time of writing, have climbed to €195/t for Dec-25.
Currency movements rather than any significant supply side change has driven the increase. The €/$ rate fell below $1.15 for the first time since the end of July, and this makes EU cereals more competitive.
Chicago wheat futures were also supported by reports that China is keen secure wheat of US origin following positive China-US talks on agricultural trade.
Closer to home native prices remain largely unchanged. Prices for dried wheat in December are in around €215/t depending on the day, dried barley is €10/t lower.
Oilseed rape prices were supported last week due to movement in other oilseeds such as soybeans. Chicago soybeans have strengthened following Chinese commitments to purchase 25MMT of US beans over the next 3 years and also to suspend retaliatory tariffs on agricultural goods.
For MATIF oilseed rape, rape the Nov-25 contract has expired and nearby position shifts to Feb-26, prices for this contract are approximately €480/t, further out, contracts for harvest 2026 are lower at €468-470/t respectively.
Global Grain Supply and Demand
In France, cereal planting has been progressing very smoothly. As of 27th of October 68% of winter wheat was in the ground and 80% of winter barley which compares with a 5-year average figure of 61 and 76% respectively (AgriMer).
EU Commission increased European wheat production by 0.8MMT to 133.4MMT, exports remain unchanged at 31MMT and ending stocks at 10.8MMT
In the UK, The Cereal Quality Survey has shown milling wheat samples to be of good to excellent quality with an average protein of 13.4% and 78kg/hl – a significant improvement on 2024. UK barley samples appear to be more mixed with an average spring barley grain N of 1.6% (10% protein). Average kph for barley is 63.2kg/hl with winter samples scoring 66.8kg/hl.
