Euronext market returns to growth thanks to favorable weather conditions

• European grain market operators have actively returned to trading, giving a positive boost to quotes on Euronext.

After the decline recorded in the previous session, prices rebounded for both cereals and oilseeds, reflecting a market adjustment in the context of current weather conditions and new production estimates published by the European Commission.

A persistent heatwave in Europe is providing additional support to prices, as cereal production for the 2026 season is being revised downwards. According to the latest estimates from the European Commission, soft wheat production is expected to reach 126,9 million tonnes, while the estimated volumes for barley and maize have been adjusted slightly downwards, to 51,75 Mt and 60,35 Mt respectively. In contrast, oilseeds have been revised upwards, by 20,85 Mt for rapeseed and 8,9 Mt for sunflower. Many operators are carefully analysing these figures and comparing them with their own internal estimates.

Wheat and corn benefited from a positive tone on Euronext, and rapeseed recorded a significant increase, recovering some of the losses from the previous session. This upward momentum comes against the backdrop of a market that remains attentive to the evolution of geopolitical negotiations between the US and Iran, with movements in the oil market also indirectly influencing logistics and agricultural production costs.

The American context supports market balance

In the US market, weekly data published by USDA The progress of sowings confirmed a rapid evolution of agricultural work. The areas with corn and spring wheat advanced by 10 and 13 percentage points, respectively, reaching a sowing rate of 86%. Soybean sowings also progressed consistently, exceeding 79% of the planned area.

Chicago markets opened mixed after Memorial Day, with corn and soybeans down, while soybean oil ended the session higher. Growing conditions for winter wheat deteriorated slightly, reaching 26%. "good to excellent", a lower level than the previous year.

Overall, agricultural commodity markets remain in a delicate balance, influenced by climatic factors, production estimates and international geopolitical developments. The coming weeks will be crucial in shaping the price trajectory, depending on weather developments in key production areas and the pace of sowing and crop development.

Euronext quotes on 26.05.2026 (GMT+1)

Wheat (€/t)

Maize (€/t)

Rapeseed (€/t)

Article written by Gabriela Dan, Editor-in-Chief Arta Albă

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