• The Euronext stock exchange resumed trading on Monday morning in a context dominated by tensions in the Middle East, which continue to strongly influence global energy markets.
Although financial markets were closed over the weekend and thus avoided overreactions to recent events, the main attitude remains cautious, and grain prices are recording moderate corrections after Friday's meeting.
In the wheat segment, futures contracts have fallen, with losses ranging between 2,50 and 3,25 euros/tonne compared to the previous close. The most traded contract, May 2026, is at 207,25 €/t, while subsequent positions – September 2026 at 214,00 €/t, December 2026 at 219,50 €/t – reflect the same downward trend, but with a less pronounced slope in the medium and long term.
For corn, the evolution is similar: decreases from 1,25 to 3,50 euros/ton. The June 2026 contract drops to 208,50 €/t, August 2026 to 210,25 €/t, and November 2026 to 205,75 €/t – a level that remains relatively stable compared to other months.
Rapeseed is the most affected of the three main crops, with significant corrections of 11,50–12,75 euros/tonne. The May 2026 contract reaches 498,50 €/tonne, August 2026 at 484,75 €/tonne, and 2027 positions remain around the 484–487 €/tonne threshold, after trading at the end of last week.
From a European perspective, the firmness of the crude oil market, together with the sharp depreciation of the euro against the dollar, were the main factors supporting quotes on Friday. These elements propelled wheat and corn to new highs of the current movement (€210,50/t May 2026 for wheat and €212,00/t June 2026 for corn), but rapeseed remained under pressure.
Locally, weather conditions in France are favorable for winter crops: winter barley remains at 81% good to excellent (compared to 70% last year), and wheat at 84% (compared to 74%). Spring barley sowing has advanced rapidly, reaching 87% completed on March 9, close to the 2025 level and above the five-year average (80%).
Overall, the start of the week comes with a natural technical correction after the recent advance, but the direction remains influenced by the evolution of the Middle East conflict, the trajectory of the euro and expectations related to the FED decisions This week, investors remain focused on potential escalations in the region and their impact on energy costs and currency parity, factors that will continue to dictate the behavior of grain markets.
Euronext quotes on 16.03.2026 (GMT+1)
Wheat (€/t)
| May 2026 | 207.25 | -3.25 |
| September 2026 | 214.00 | -3.50 |
| December 2026 | 219.50 | -3.00 |
| March 2027 | 223.00 | -2.75 |
| May 2027 | 225.75 | -2.50 |
Maize (€/t)
| June 2026 | 208.50 | -3.50 |
| August 2026 | 210.25 | -3.00 |
| November 2026 | 205.75 | -2.00 |
| March 2027 | 209.25 | -1.25 |
| June 2027 | 208.00 | -3.50 |
Rapeseed (€/t)
| May 2026 | 498.50 | -12.75 |
| August 2026 | 484.75 | -11.75 |
| November 2026 | 487.00 | -12.00 |
| February 2027 | 486.00 | -11.75 |
| May 2027 | 484.25 | -11.50 |
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
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