Pre-opening 10/07/2025
Paris Chicago
Wheat- 1 €/t- 4 cents
Corn- 1 €/t- 1 cent
Rapeseed- 1 €/t
Soybean- 4 cents
Indexes 10/07/2025
€/$1,1709 $
Oil WTI66,57 $/b

Wheat (€/t)
Sept. 25201,25+4,50
Déc. 25210,25+4,25
Mars 26217,50+3,00
Mai 26221,75+2,75
Sept. 26225,75+2,25
Corn (€/t)
Août 25204,25+5,00
Nov. 25201,25+3,00
Mars 26207,25+3,00
Juin 26209,75+3,00
Août 26218,75+3,00
Rapeseed (€/t)
Août 25460,50+1,50
Nov. 25476,50+2,50
Févr. 26484,00+2,50
Mai 26486,00+2,50
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+2,0000
Déc. 25575,0000+2,5000
Mars 26593,2500+2,5000
Mai 26604,0000+2,5000
Corn (¢/b)
Juil. 25407,2500+0,0000
Sept. 25399,2500+0,5000
Déc. 25416,5000+0,7500
Mars 26433,7500+0,7500
Mai 26444,5000+0,5000
Soybean (¢/b)
Juil. 251012,5000+0,7500
Août 251012,5000+2,0000
Sept. 251002,2500+1,0000
Nov. 251013,7500+1,2500
Janv. 261030,5000+1,0000
Soy meal ($/st)
Juil. 25268,5000+2,4000
Août 25271,4000+1,0000
Sept. 25275,4000+1,0000
Oct. 25278,9000+1,1000
Déc. 25285,3000+0,9000
Soy oil (¢/lb)
Juil. 2553,6700+0,3200
Août 2553,4900-0,0200
Sept. 2553,3500+0,0200
Oct. 2553,2800-0,0100
Déc. 2553,4700-0,0100

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 10/07/2025

European market

The relative stabilization of the euro/dollar exchange rate, remaining below 1.1750, is providing support to grain prices, which currently adjust almost automatically to currency fluctuations. Prices on Euronext are holding above 195 €/t for the nearby September 2025 contract. Harvest progress is reassuring in terms of volume, even though recent rainfall is forcing a slowdown in field operations.

The start of the marketing season also allows exporters to gauge the appetite of importing countries, as prices are now returning to levels comparable to last year. In this early phase, the price gap between various European and Black Sea origins is noticeably narrower than it was a year ago—mainly due to the recovery in production volumes in Western Europe. In Ukraine, the UGA (Grain Traders Union) remains optimistic about trade prospects, aiming to export nearly 50 Mt of all grains and oilseeds combined, including 24 Mt of corn and 16.5 Mt of wheat—a year-on-year increase of over 5 %.

As for spring crops, weather conditions across Europe continue to warrant close monitoring, with another heatwave expected to impact spring-planted fields. Corn crops in particular are being closely watched during their flowering phase.

In oilseeds, reassuring rainfall in parts of Canada’s production zones is helping calm the market and has led to a retreat in canola seed prices in Winnipeg. This downward move is putting pressure on European rapeseed prices, even as harvests advance. The August 2025 contract on Euronext, nearing expiry, has now dropped below 460 €/t, pulling subsequent contracts down with it.

American market

Grain prices in Chicago saw little movement yesterday for both corn and wheat, as traders awaited tomorrow’s release of the USDA's monthly report. Corn prices remain near contract lows amid highly promising production prospects following recent rainfall across the Corn Belt. Traders remain very optimistic at this early flowering stage. The December 2025 contract is currently trading around 4.15 $/bu, close to its lowest levels.

Winter wheat harvest progress is bringing new supplies to market, capping prices below 5.50 $/bu on the September 2025 CME contract for SRW wheat. Market participants will pay close attention to this Thursday’s weekly USDA export sales data. Early-season export activity is being closely watched—not only because of the offered prices, but also due to the ongoing weakness of the U.S. dollar.

Wet weather is also bringing reassurance to the soybean market, where funds have been actively selling since the start of the week. Chicago futures have now slipped below 10.15 $/bu on both the August and November 2025 contracts, approaching the 10 $/bu support zone. Ongoing import tariff negotiations between the U.S. and its trade partners continue to stir concerns over U.S. soybean export prospects. Uncertainty is heightened by the presence of South America as both a major supplier and strong competitor to the U.S. in meeting global demand. As for the current trade negotiations, Brazil may face import tariffs of up to 50 % on goods bound for the U.S.—a move that would place the country among newly and heavily taxed U.S. trade partners.

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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