| Commodity | Nov/Dec 25 |
| IRL Feed Wheat¹ | 220 |
| IRL Feed Barley¹ | 205 |
| Paris MATIF Wheat² | 196 |
| Paris Oilseed Rape | 471.50 |
| FOB Creil Malting Barley (July-25) | 202 |
² Source: Euronext correct as of 21.08.25
Market Prices and News
European grain prices remain under significant pressure this week. MATIF Dec-25 futures reached a contract low of €193.25/t in trading yesterday but have rebounded above €195/t in trading today (Thursday 21st). Dec-25 futures closed at €195.25/t last Friday, down €4.25/t on the week.
Trading volumes for wheat are reported as being very limited in August in many key EU producers (Agritel).
In the Midwest this week, the Pro-farmer tour of the key corn and soybean producing states is confirming the record yield potential anticipated from US maize crops. This is exerting a strong bearish sentiment across all grain commodities. Yield potential in Indiana is estimated at 193.8bu/acre (4.85t/ac) with Illinois at 199.57bu/ac (5.07t/ac). Estimate for the largest producer Iowa was not published at the time of writing.
As a result, CBOT Dec-25 futures remain firmly around $4/bushel (€130/t-135/t) this week.
Yield potential in EU summer crops such as maize and sunflower have been hit hard by high temperatures. French maize prices remain under pressure at approximately €187/t and this is due the abundance of supply on the global stage.
No native prices have been issued this week. Some merchants have paid on account prices for green barley between €160-170/t.
Dried prices remain broadly similar to last week.
Paris rapeseed prices for Nov-25 have held relatively firm in the past week, trading between €471-475/t. On account prices of €370/t have been paid for OSR this season.
FOB Creil (July 2025 basis) malting barley prices have dropped further this week to trade at €202/t. The French Spring barley harvest is now 100% complete since 11th August according to Agri-Mer, with quality is reported as excellent with protein between 9.8-10.8% and production expected to rise to 3.5MMT, 13% above the 5-year average.
Global Grain Supply and Demand
Russian analyst IKAR has increased its estimate for the Russian wheat harvest from 84.5MMT to 85.8MMT.
In Argentina, the maize area for 2025-26 is expected to rise by 15-20% according to the Rosario grain exchange. Planting of wheat and maize has been supported by good soil moisture levels which have been problematic in recent seasons.
