• Despite the firmness of the euro/dollar exchange rate, which exceeded the 1,1750 threshold, wheat and rapeseed prices managed to recover yesterday on Euronext futures contracts.
Doubt and confusion persist around the Middle East conflict, despite the ceasefire in place. Peace talks between the United States and Iran are stalling, while shipments through the Strait of Hormuz remain limited. Thus, a barrel of WTI oil is back above $ 97 for the contract expiring in June 2026, while a barrel of Brent is approaching $ 103 for the same period. A context that provides support again to agricultural commodities.
During this period, the focus of the grain market remains on the weather. After a period of dry weather that has been going on for some time, the return of rains announced by the forecasts, both in Western Europe and in the American Great Plains, will be analyzed very carefully by operators.
Next to time, attention Trader is also captured by international wheat trade, given the confirmation of a purchase that would approach one million tons by Saudi Arabia in the period June-August 2026, which supports the prices of Black Sea wheat with a protein content of 12,5%.
Euronext quotes on 27.04.2026 (GMT+1)
Wheat (€/t)
| May 2026 | 194,50 | -0,50 |
| September 2026 | 209,00 | + 0,00 |
| December 2026 | 217,50 | + 0,50 |
| March 2027 | 222,50 | + 0,25 |
| May 2027 | 225,75 | + 0,50 |
Maize (€/t)
| June 2026 | 218,50 | + 1,50 |
| August 2026 | 215,50 | + 3,25 |
| November 2026 | 209,00 | + 0,75 |
| March 2027 | 213,50 | + 0,75 |
| June 2027 | 216,50 | + 0,75 |
Rapeseed (€/t)
| May 2026 | 552,00 | -6,00 |
| August 2026 | 509,00 | + 5,50 |
| November 2026 | 511,50 | + 4,75 |
| February 2027 | 510,75 | + 4,75 |
| May 2027 | 508,75 | + 5,00 |
Article written by Gabriela Dan, Editor-in-Chief Arta Albă
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