Euronext European market

• The price of European wheat closes Monday's trading below the psychological threshold of €190/t for the December maturity on Euronext.

This decrease contributes to strengthening the competitiveness of products of French origin, while, at the same time, products of Russian origin continue to maintain their stability in the market. As a result of this competitiveness, in order to access large volumes from Russian producers and respond in particular to Iranian demand, local prices have no other option but to remain above $230/t.

The recent Algerian auction also reminded the grain market of the tense relations between Paris and Algiers, with the latter continuing to ban French offers, even though they are now at a better price.

Globally, Argentina and Australia remain in the spotlight, with harvests expected at excellent levels. The likely pressure on Argentine prices could complicate the task of European operators in conquering the Moroccan market in the medium term.

Sowing begins in France and Western Europe, a key period for the continuation of the campaign. In Russia, temperatures are dropping rapidly, prompting authorities to declare a state of emergency in some regions. The situation remains under surveillance, but without disturbing the market balance in the short term.

Vegetable oil prices are also under pressure, especially rapeseed. Euronext, which is experiencing a short-term decline, falling below the threshold of €470/t. Ukrainian authorities plan to revise the system of taxation of rapeseed exports, which should naturally accelerate sales and flows from the country.

Euronext quotes on 29.09.2025 (GMT+1)

Wheat (€/t)

Maize (€/t)

Rapeseed (€/t)

Article written by Gabriela Dan, Editor-in-Chief Arta Albă

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