• Trading prices managed to recover from recent lows, recovering some of the decline recorded in recent days.
This short-term change in dynamics comes against a backdrop of heightened geopolitical tension. While negotiations aimed at easing tensions surrounding the Russia-Ukraine conflict have dominated recent weeks, Russia is now accusing Ukraine of being responsible for the destruction of a ship in the Black Sea and threatening to disrupt the smooth flow of maritime traffic.
Despite all these new turbulences, the balance sheets for wheat remain comfortable. If the Algerian auction raises hopes for certain European origins, it does the same for the Argentines. And in Morocco, competition is intensifying after yesterday's increase in quotations Euronext, while Argentine offers stabilize below $210/t FOB.
Corn is following the same trend, although traders are showing some caution ahead of crucial reports next week. All eyes will be on the yield estimates of USDA, still considered too optimistic by many market specialists.
As for rapeseed, the recent decline in palm oil provides arguments for a return to trading, continuing to evolve on the Euronext exchange in a range of €475-485/t for the February term.
Euronext quotes on 02.12.2025 (GMT+1)
Wheat (€/t)
| December 2025 | 191,00 | + 4,25 |
| March 2026 | 191,00 | + 2,50 |
| May 2026 | 193,75 | + 1,75 |
| September 2026 | 199,25 | + 1,50 |
| December 2026 | 205,75 | + 1,00 |
Maize (€/t)
| March 2026 | 188,25 | + 1,25 |
| June 2026 | 190,50 | + 1,50 |
| August 2026 | 195,50 | + 1,50 |
| November 2026 | 197,50 | + 1,25 |
| March 2027 | 200,25 | + 1,25 |
Rapeseed (€/t)
| February 2026 | 482,50 | + 3,50 |
| May 2026 | 478,25 | + 3,50 |
| August 2026 | 464,00 | + 4,00 |
| November 2026 | 468,00 | + 3,00 |
| February 2027 | 468,75 | + 3,00 |
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
Read on White Art and: Maiaua – the foundation of artisanal bakery
