| Commodity | September | Nov/Dec €/t |
| IRL Feed Wheat¹ | 220 | 250-253 |
| IRL Feed Barley¹ | 210-215 | 243 |
| Paris MATIF Wheat² | – | 243.50 |
| Paris Rapeseed | – | 556 |
² Source: Euronext correct as of 23.09.26 10am
Market Prices and News
Global grain markets remain firm in response to the situation in the Black Sea. Grain exports are still not leaving the region, hopes of a resolution resurfaced again last week with Turkey again proposing an initiative to allow navigation to resume. Markets will remain very receptive to any news in this area.
The UN General assembly is taking place in New York this week with both Ukraine and Russia representatives in attendance; markets will pay close to attention to any developments.
MATIF Dec-26 closed on Friday 18th September at €241.50/t. Prices this week were up slightly at €243/t mid-week but fell back to €240/t in response to US efforts to address export issue from the Black Sea.
French maize prices have strengthened again this week on the back on continued disappointing yield results from an advancing harvest. Prices for Nov-26 have hit €276/t at the time of writing on Wednesday 23rd September. Agritel reported this week that this price level is uncompetitive for EU end-users with substitution for other EU cereals or imported non-EU maize a likely development.
Chicago maize prices had firmed this week to $5.40/bushel (€184-185/t) but have fallen back to $5.30/bu at the time of writing. The market will be highly receptive to any US maize harvest developments; the crop is 13% harvested as of September 20th. USDA rated corn as 57% good down from 66% in 2025 and 2% below the five-year average.
Native prices for dried wheat are at €250-253/t depending on the day with dry barley at €240-243/t.
For green prices, Centenary were the first harvest co-op to announce prices for 2026 harvest. Base prices for green feed barley were €216/t and €228/t for green feed wheat. Co-op support of €9/t was also provided for members.
Oilseed rape prices remain very firm owing to the volatility of crude oil futures. Nov-26 futures have traded as high as €556/t in the past few days. Dry weather across France and central Europe are causing concern for planted rapeseed crops.
Prices for new crop Aug-27 futures are at €530/t which would leave ex. farm prices in Ireland in the region of €500/t.
Global Grain Supply and Demand
USDA published its WASDE report for September last week. Key numbers from the report were:
Global wheat ending stocks were risen by 3MMt to 276MMT, this is on the back of
Global maize production is forecast to rise from 1,291MMT last month to 1299MMT
Global maize ending stocks are forecast to rise by 2.55MMt to 301.4MMT.
USDA estimated the EU wheat crop to come at 133.8MMT only marginally down on 134.2MMT estimate from last month.
US maize yield was reduced by 2.2bushels/ac to 178.5 bushels per acre (4.53t/ac) total production is now anticipated to come in at 401.3MMT down from 406.75 forecast previously.
In Argentina, the Buenos Aires Grain Exchange reported that corn production for 2026-27 will hit 66MMT with soybeans at 53.6MMT an increase of 3.5MMT on last year.
