Euronext cereal raw materials market analysis

• The Euronext market remains influenced by tensions in the Persian Gulf and developments in the Black Sea.

The prices of grain raw materials have entered an upward trend, directly influenced by the firmness of oil prices, due to the evolution of the situation in the Persian Gulf and the new attacks on facilities in Saudi Arabia, leading the American president to intervene publicly on this issue. His statements have so far mainly targeted the energy situation in Ukraine and Russia, with explicit requests to end the attacks on energy infrastructure, in an already tense international climate on these markets. However, the reality is that signs of de-escalation remain limited, especially in the grain export sector, where port activity continues to be severely disrupted.

Pe Euronext, the December 2026 contracts closed slightly lower than Friday, after a day marked by a high of €245/t and a low of €238/t. There was also intense activity on the wheat options market, with 17.547 lots traded yesterday, across all maturities. Corn prices fell slightly, while rapeseed prices, which also saw significant fluctuations during the session, closed the day slightly higher, staying above the €550/t threshold.

American market

In the US market, the wheat harvest is nearing completion, with 93% of the spring wheat already harvested. Attention now turns to the new campaign, with the start of sowing. The USDA reports planting completed on 8% of the area, representing a 6-point advance compared to the previous week.

Corn prices changed little, directly influenced by the data published by USDA on Friday, which brought a modest revision to the United States yield potential for the 2026 crop. The start of the corn harvest, with 8% of the area already harvested according to the USDA, is not yet exerting significant pressure on prices. In Chicago, the December 2026 maturity closed slightly higher, at $5,33/bu.

The sharp decline in soybean seed and oil prices, observed at the end of last week, gave way yesterday, in the first session of the week, to a stabilization phase, with prices slightly increasing, but without fully compensating for the recent downward movement. Harvests are also starting for soybeans, with 6% of the areas already harvested, according to the USDA. Crop data remains stable, with 58% of the areas being assessed as ready to harvest. "good to excellent"In Chicago, soybean prices for November 2026 delivery once again closed above $13/bu. But the most notable development was in soybean cake, which reached a new high for December 2026 delivery during the session.

Operators will carefully monitor both geopolitical developments in the Persian Gulf and the Black Sea in the coming period, as well as signals coming from statements by American officials, in a context in which agricultural markets remain sensitive to any indication of de-escalation or intensification of tensions.

Euronext quotes on 14.09.2026 (GMT+1)

Wheat (€/t)

Maize (€/t)

Rapeseed (€/t)

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

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