European market
The EU grain market has marked a rebound kast Friday after the decline observed in previous sessions. However, the price increase remains very limited on wheat with +€0.75/t compared to the previous day at the close in March 2025 contract. The wheat market remains compressed by the absence of new export sales to the non-EU countries.
Port shipments of soft wheat in France have practically stalled while they are more active in feed barley with destinations such as Jordan, Morocco or Libya.
With closing prices up by +1.50 and +4.50 €/t, corn and rapeseed showed more firmness on Friday. Both benefited from the support offered by a rebound in corn and soybean prices in Chicago just before the weekend and the inauguration of Donal Trump.
The corn market remains torn between the ample corn French production 2024-25 and the increasing tightness observed for this product on the international scene. Rapeseed, on the other hand, is torn between the tension of the European balance sheet and the volatility of the entire oilseed complex. Whether it's palm, canola and soybeans, all the major oilseed markets have been experiencing significant volatility in recent weeks and months.
American market
The phone call between Donald Trump and Chinese President Xi Jinping has caused a wave of massive purchases of funds on corn and soybeans on Friday in Chicago. The hypothetical prospect of a negotiation that could avoid a new trade war between China and the United States has directly supported soybean and corn prices. Wheat also benefited from fund purchases, but to a lesser extent.
Corn and soybean prices also rebounded on position buybacks before a long public holiday weekend in the United States for Martin Luther King Day on Monday, January 20th. And this in a context of climate risk in South America.
After the geopolitics that will be marked this Monday by the return of Donald Trump as head of the United States, the weather market is the other major source of volatility for the US market. Corn and soybean markets still depend on the heat wave in Argentina and the excess of rainfall in Brazil.
Black Sea market
Click here to request full access to the AgriMarkets report to find out more about the Black Sea region, and follow price trends in Russia on a daily basis.