| Commodity | Nov/Dec €/t |
| IRL Feed Wheat¹ | 220-225 |
| IRL Feed Barley¹ | 212-220 |
| Paris MATIF Wheat² | 209.50 |
| Paris Rapeseed | 511 |
| FOB Creil (July 26) | 221 |
² Source: Euronext correct as of 30.06.26 12pm
Market Prices and News
Last week global grain prices remained mixed. Paris MATIF wheat remained largely unchanged, with Dec-26 closing at €209.50/t as extreme heat and mixed cereal yields in Europe provided support to counteract harvest pressure and strong Black Sea production.
European maize prices have strengthened considerably in response to the declining crop conditions from the heatwave conditions experienced last week. Crop conditions as of Monday 22nd of June were rated at 76% good an eight-year low figure. With no rain forecast and temperatures well in-excess of 35 degrees for last week, this figure will likely decline further.
On Tuesday, June 30th, French maize closed at €236/t for Nov-26, €25/t higher than Dec-26 wheat contracts.
In marked contrast, Chicago maize futures remain on the floor and have largely ignored EU developments. Old crop futures for Jul-26 remained very close to $4/bushel or €135/t-€136/t at the start of the week, however, the USDA announcement on lower-than-expected carryover stocks and an unchanged area has seen CBOT Jul-26 futures recover to $4.15/bushel (€141-142/t).
US wheat harvest is reported by the USDA at 48% complete, only 8% higher than last week, cooler, wet conditions have disrupted the strong initial progress.
Crop yields from southern Russia remain positive for winter barley, analyst SovEcon, reported that winter barley yields at 4.7t/ha are 73% higher than last year’s drought affected crop. This is contributing to Black Sea pressure with high production also expected in Romania and Ukraine this year. Soft Rubel values, mean Black Sea origin grains remain competitive.
Native prices remain largely unchanged since the last report. Dried barley for Nov-26 remains in the €212-220/t bracket depending on the day. Wheat for the same position is €220/t -€225/t. No green grain prices were offered by the co-operatives
Malting barley prices have firmed this week, FOB Creil quotes for July 26 are at €221/t at the time of writing this is a recovery of €10-12/t over the past 10 days.
Oilseed rape prices have remained relatively firm despite the drop in crude oil prices, which are now close to $70/barrel. The announcement of increased planted area in Canada (see below) has dropped prices by €8/t this week but MATIF values remain above €500/t for August position and €510/t for November.
Global Grain Supply and Demand
The EU Commission MARS report dropped EU-27 soft wheat production to 126.3MMt down 0.6MMT. Oilseed rape production was also cut from 20.85MMt to 19.8MMT. Sunflower production is expected to climb by 13% YOY to reach 10.1MMT.
USDA released its Quarterly acreage update on June 30th which details planted areas of spring crops.
Soybean plantings increased by 0.8% to 85.365 million acres
Maize remains unchanged since March with 95.343 million acres
US wheat area remains the lowest since records began in 1919.
In Canada, StatCan also released its crop areas for 2026 on 30th of June.
Oilseed rape increased by 8.4% relative to 2025 – 23.44 million acres planted.
Winter wheat declined by 11% to 1.4 million acres with spring wheat dropping 3.8% to 18.067 million acres. This is the smallest wheat area since the drought year of 2021.
