• Conflicts in the Middle East continue to dominate the attention of market operators. In the fifth week of the blockade of the Strait of Hormuz, oil prices maintain their upward trend, reaching $ 115 per barrel in London on Monday morning.
The new depreciation of the euro against the dollar, which returned below the 1,1500 threshold earlier this week, is providing a support factor for European raw material prices. This mechanical price adjustment is thus causing an increase in quotations, both in the physical market and in the Euronext futures market.
Faced with this recovery, European exporters remain vigilant in this second part of the campaign regarding the attractiveness of Black Sea origins in early spring. The tender launched yesterday by Tunisia, for soft wheat for a loading period announced between the beginning of May and the first half of June, will thus be monitored.
The most dynamic market yesterday on Euronext was that of rapeseed, which confirmed its return above €500/t for the near term. The May 2026 contract, which expires in a month, ended the session at €508/t, returning to €510/t during the day. Rapeseed oil prices are, in parallel, recording a slight increase in the short term.
The geopolitical and macroeconomic context remains dominant, and operators will carefully follow developments in the Middle East, the euro/dollar exchange rate and data. USDA report scheduled to be launched on Tuesday, March 31, 2026, to calibrate trading in the immediate future.
Euronext quotes on 30.03.2026 (GMT+1)
Wheat (€/t)
| May 2026 | 203.75 | + 0.50 |
| September 2026 | 213.75 | + 1.25 |
| December 2026 | 220.75 | + 1.25 |
| March 2027 | 225.50 | + 1.75 |
| May 2027 | 229.00 | + 2.25 |
Maize (€/t)
| June 2026 | 208.25 | + 0.00 |
| August 2026 | 211.00 | + 1.00 |
| November 2026 | 208.25 | + 1.25 |
| March 2027 | 212.00 | + 2.00 |
| June 2027 | 212.00 | + 1.75 |
Rapeseed (€/t)
| May 2026 | 508.00 | + 7.75 |
| August 2026 | 501.00 | + 6.25 |
| November 2026 | 503.50 | + 6.50 |
| February 2027 | 501.75 | + 6.00 |
| May 2027 | 499.75 | + 6.00 |
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
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