• The first trading session of the week on the European grain and oilseed market at Euronext was dominated by sharp volatility, with prices having large and rapid variations in a single trading day, on both grain and oilseed contracts.
The movements were mainly influenced by external developments, in the context of a strong correction in the oil market, triggered by the new statements of the US president regarding the postponement of the ultimatum addressed to Iran regarding the Strait of Hormuz - an ultimatum issued over the weekend.
The announcement of possible negotiations between the two countries, quickly followed by an official denial from the Iranian authorities, brought uncertainty back into the geopolitical equation of the Middle East, amplifying the nervousness of operators. Under these conditions, prices on Euronext have proven to be extremely sensitive to fluctuations in the euro/dollar parity, in turn influenced by oil price movements and its impact on inflationary expectations.
The early spring period favors the advancement of field work and the progress of sowing in the main production basins in Europe and the Black Sea area. At the same time, the report of the European MARS program indicates, at this time, a lower yield potential than last year for winter wheat, rapeseed and winter barley crops. However, the situation remains to be closely monitored in this initial phase of the growing season, when crops resume growth and any climatic variation can significantly influence harvest prospects.
Overall, Monday's session reflects a balanced market between technical, macroeconomic and agricultural fundamentals, in a global context marked by geopolitical uncertainties and sensitivity to energy developments. Traders remain vigilant to new signals from the Middle East, the dynamics of the European currency and, last but not least, updates on the state of winter crops in Europe.
Euronext quotes on 23.03.2026 (GMT+1)
Wheat (€/t)
| May 2026 | 202,25 | -1,00 |
| September 2026 | 210,25 | -1,50 |
| December 2026 | 216,75 | -1,50 |
| March 2027 | 220,75 | -1,50 |
| May 2027 | 224,00 | -1,25 |
Maize (€/t)
| June 2026 | 209,00 | + 1,00 |
| August 2026 | 210,75 | + 1,00 |
| November 2026 | 205,75 | + 0,50 |
| March 2027 | 208,00 | -1,00 |
| June 2027 | 209,00 | + 1,50 |
Rapeseed (€/t)
| May 2026 | 497,50 | -4,75 |
| August 2026 | 488,00 | -3,00 |
| November 2026 | 490,50 | -3,00 |
| February 2027 | 489,50 | -3,25 |
| May 2027 | 487,50 | -3,75 |
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
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