European market

In the Persian Gulf, the tension remains extreme. Practically no cargos pass the Strait of Hormuz, except the tankers carrying Iranian oil.
In such a context of disruption of flows and productions, crude oil prices resumed the upward path yesterday to test an important resistance zone at $98/barrel on WTI in New York and that of $100/barrel on Brent in London. The shortness of breath at the beginning of the week has been erased and prices are still in an upward trend with an increase over a week of +20.9% for WTI and +17.6% for Brent at last night's close.
As with every upward surge in crude oil, the euro/dollar is weakening, recognizing Europe's strong energy dependence. The euro/dollar returns to test the major support of the 1.1500.
Between the support of the currency and the appetite of funds for raw materials, it is again to the rise that the prices on Euronext were oriented yesterday. All products mark a new closing high in the current movement. Wheat May 2026 is up + 3.25 €/t to 209.25 € /t. Corn June 2026 is up + 4 € /t to 210.25 € / t. Rapeseed May 2026 is up +2.75 €/ t to 515.00 € /t.

American market

The bullish recovery in crude oil has pulled up the commodities market in its wake. The funds were present for purchase on all products yesterday on Chicago.
While soybeans marked a new closing high in the current movement yesterday at $12.14/bu, wheat and corn, although rising, did not manage this performance. The rise of the dollar has indeed slightly slowed down the momentum of US prices.
The crude oil dominated all the attention, but the market participants were nevertheless following yesterday the publication of weekly export figures in the United States:
Wheat 2025/2026: 455,000 t
Corn 2025/2026: 1.5 Mt
Soybeans: 95,000 t in 2025/26 and 1,075 Mt in 2026/27.

Black Sea market

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