Pre-opening 11/07/2025
Paris Chicago
Wheat+ 1 €/t+ 1 cent
Corn+ 1 €/tUnch
Rapeseed+ 1 €/t
Soybean+ 1 cent
Indexes 10/07/2025
€/$1,1709 $
Oil WTI66,57 $/b

Wheat (€/t)
Sept. 25201,25-0,75
Déc. 25210,25-1,25
Mars 26217,50-1,25
Mai 26221,75-1,25
Sept. 26225,75-1,25
Corn (€/t)
Août 25204,25+0,50
Nov. 25201,25-0,50
Mars 26207,25+0,50
Juin 26209,75+3,00
Août 26218,75+3,00
Rapeseed (€/t)
Août 25460,50-3,00
Nov. 25476,50-1,75
Févr. 26484,00-2,00
Mai 26486,00-1,25
Août 26465,75+0,25

10/07/2025

Wheat (€/t) : 5133 lots
LotsTypeStrike
455Call Sept. 25200,00
205Call Sept. 25210,00
250Call Sept. 25230,00
200Call Sept. 25260,00
10Call Déc. 25209,00
200Call Déc. 25210,00
210Call Déc. 25220,00
2Call Déc. 25245,00
1Call Mars 26216,00
20Call Mars 26217,00
150Call Mars 26230,00
210Call Mars 26250,00
500Call Mars 26260,00
2Call Mai 26221,00
100Call Mai 26250,00
200Call Mai 26260,00
500Put Sept. 25190,00
200Put Sept. 25193,00
27Put Sept. 25200,00
27Put Sept. 25220,00
2Put Déc. 25190,00
1300Put Déc. 25200,00
10Put Déc. 25205,00
2Put Déc. 25209,00
10Put Mars 26190,00
150Put Mars 26200,00
10Put Mars 26216,00
150Put Mars 26217,00
15Put Mars 26220,00
15Put Mars 26225,00
Corn (€/t) : 11 lots
LotsTypeStrike
11Call Août 25200,00
Rapeseed (€/t) : 413 lots
LotsTypeStrike
100Call Nov. 25480,00
100Call Nov. 25500,00
30Call Nov. 25510,00
20Call Févr. 26490,00
3Call Févr. 26500,00
20Call Févr. 26510,00
20Call Févr. 26520,00
75Put Août 25467,50
20Put Févr. 26470,00
25Put Août 26430,00

Wheat (¢/b)
Juil. 25550,2500+7,5000
Sept. 25554,5000-2,2500
Déc. 25575,0000-1,7500
Mars 26593,2500-1,7500
Mai 26604,0000-1,7500
Corn (¢/b)
Juil. 25407,2500+0,0000
Sept. 25399,2500-1,2500
Déc. 25416,5000-1,2500
Mars 26433,7500-1,2500
Mai 26444,5000-1,5000
Soybean (¢/b)
Juil. 251012,5000+0,7500
Août 251012,5000+0,7500
Sept. 251002,2500+0,0000
Nov. 251013,7500-0,2500
Janv. 261030,5000+0,0000
Soy meal ($/st)
Juil. 25268,5000+2,4000
Août 25271,4000+1,2000
Sept. 25275,4000+1,1000
Oct. 25278,9000+0,9000
Déc. 25285,3000+0,9000
Soy oil (¢/lb)
Juil. 2553,6700+0,3200
Août 2553,4900-0,3100
Sept. 2553,3500-0,2800
Oct. 2553,2800-0,2800
Déc. 2553,4700-0,3000

11/07/2025

Physical (€/t)
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report
FIND OUT MORE HERE >>
Durum wheat delivered La Pallice Spot - July 2025 basis270,00+0,00
Corn delivered Bordeaux Spot - July 2024 basis194,00+3,00
Corn FOB Rhin Spot - July 2024 basis193,00+3,00
Feed barley delivered Rouen - July 2025 basis191,00+4,00
Malting barley FOB Creil Spot - July 2025 basis217,00-2,00
Rapessed FOB Moselle Spot - Flat - 2025 harvest463,00+3,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest550,00+0,00
Feed peas FOB Creil Spot - August 2024 basis270,00+0,00

Events

Analysis 11/07/2025

European market

The delay in Russia’s harvest and producers’ reluctance to sell are disrupting export flows and supporting wheat prices across the Black Sea region. Meanwhile, hot and dry weather across Europe’s corn-growing areas is once again raising concerns.

In this context, short-covering is intensifying, particularly from investment funds. That’s all it takes in a tight market—also in France—to push prices upward.

The easing of the euro/dollar exchange rate, which has dropped to 1.1670 from 1.1830 ten days ago, is giving European prices an additional boost.

Against this backdrop, wheat and corn closed yesterday near their session highs on Euronext, with significant gains: + 4.50 €/t to 201.25 €/t for September 2025 wheat, and + 5 €/t for August 2025 corn.

Rapeseed is currently performing much less impressively, barely managing to hold its support level at 460 €/t for the August 2025 Euronext contract. In addition to harvest pressure in Europe, uncertainty surrounding Donald Trump’s tariff policies is weighing on the oilseed and energy sectors.

American market

Wheat led the rally yesterday in Chicago. Rising in tandem with the price rebound seen in Europe and the Black Sea region, the U.S. market also welcomed strong weekly export sales. With 567,823 t of U.S. wheat sold over the past week, exports are ahead of the pace expected by the USDA. Corn and soybeans also posted solid export figures for the week:

  • Corn: 1.262 mnt for 2024/2025 and 889,000 t for 2025/2026

  • Soybeans: 503,000 t for 2024/2025 and 248,000 t for 2025/2026

  • Additionally, an exceptional sale of 110,000 t of U.S. corn to an unknown destination was reported yesterday.

Despite these sales, corn and soybean prices are struggling to rebound and remain near recent lows due to large harvests—either completed or expected—in South and North America. Notably, Conab slightly lowered its soybean production estimate in Brazil yesterday by 0.12 mnt to 169.48 mnt, while raising its corn forecast by 3.72 mnt to a new record of 131.97 mnt.

The USDA’s WASDE report, set to be released today, is expected to reflect these high production levels in Brazil. More broadly, market participants are watching this report closely to set the tone for the day and the end of the week. In the meantime, funds were actively covering short positions in wheat, corn, and soybeans yesterday.

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.

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