• Wheat continues to experience higher volatility than corn, especially in short-term contracts.
After a week of strong performance, the March 2026 wheat contract collapsed, losing €3,50/t. Closing at €189.50/t, it is back in its old price range. International competition and the search for export competitiveness are affecting the French wheat market. At the same time, rapeseed continued its upward trend, following the increase in soybean prices in Chicago.
In terms of weather, the severe cold waves that affected both the United States and the entire Black Sea basin are now giving way to a return to temperatures above seasonal norms.
The same as in EuropeOverseas, grain prices ended Friday's session lower on the Chicago futures market. Traders were disappointed by the latest weekly figures on US export sales, which last Thursday showed a sharp decline from the previous two weeks.
Soybeans were the only ones to gain in Chicago. The gains seen during the session largely faded as the close approached. Discussions remain heated about the new market context that could be generated by China's purchase of 20 million tons of US soybeans during the current campaign.
Euronext quotes on 09.02.2026 (GMT+1)
Wheat (€/t)
| March 2026 | 189.50 | -0.50 |
| May 2026 | 189.00 | -1.50 |
| September 2026 | 193.25 | -1.25 |
| December 2026 | 200.00 | -1.25 |
| March 2027 | 204.75 | -1.00 |
Maize (€/t)
| March 2026 | 189.50 | -0.50 |
| June 2026 | 189.25 | -1.50 |
| August 2026 | 192.75 | -1.00 |
| November 2026 | 193.50 | -0.25 |
| March 2027 | 196.00 | -0.50 |
Rapeseed (€/t)
| May 2026 | 489.25 | + 1.50 |
| August 2026 | 466.75 | -1.00 |
| November 2026 | 469.75 | -0.75 |
| February 2027 | 471.25 | -0.50 |
| May 2027 | 472.75 | -0.50 |
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
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