Drought in Russia: Grain region particularly affected
In Russia, the main region for grain cultivation has been experiencing dry conditions for weeks. This is likely to result in lower yields and poorer quality than previously expected.
Matif rapeseed prices continue to fluctuate; EEX potatoes weaken; CBot corn under pressure
Our author: Steffen Bach, Kaack Terminhandel GmbH Read here on Mondays and Thursdays the latest trends from the most important agricultural exchanges.
Wheat: Prices land at the 200 € threshold
After a weak start to the week, wheat futures saw a temporary recovery on Tuesday, which did not continue on Wednesday. The front month September25 closed 1.25 € lower at 204.25 €/t on Euronext yesterday, while the July25 contract on the CBoT dropped by 1 cent to 5.49 US-$/bu (177.57 €/t). Mostly favorable global weather outlooks and high production expectations are weighing down wheat prices. The WASDE report on Monday will release the first forecasts for the 2025/26 season, eagerly anticipated. More prices + news
Oilseeds: Stabilized
Rapeseed futures on Euronext remain volatile with high daily fluctuations, with the direction still sideways. For about a month now, the August25 contract has been hovering around 470 €/t and closed just below that at 469.25 €/t yesterday. Similarly, July25 soybeans on the CBoT have been relatively stable around 10.50 US-$/bu and closed just below at 10.41 US-$/bu (336.71 €/t) on Wednesday. The news is quiet, but weakening crude oil could still become a short-term burden. More prices + news
Corn: Significantly under pressure
Corn prices on the futures market continue to be noticeably under pressure. After about a month of steady declines, the June25 contract on Euronext recently fell to 192.50 €/t, hitting a new 1-year low. Similarly, the July25 contract on the CBoT did not fare better, falling to a 4-month low at 4.48 US-$/bu (155.25 €/t) after sustained losses. A large harvest in South America and favorable planting conditions in the US are leaving little room for recovery in prices at the moment. Additionally, a decline in US ethanol production is also a burden. More prices + news
Potatoes: Weak trends
At the EEX exchange in Leipzig, after the expiration of the April 2025 season, June 2025 is the new front month. Prices around 15 €/dt with a downward trend are recorded. The following April 2026 and April 2027 dates are indicated at 18 €/dt and 16 €/dt respectively. Due to the weak and calm cash market environment, there are hardly any signs of recovery. The market remains weak. More prices + news
Milk: Butter declines
Butter is currently declining at the EEX. Compared to Friday, the May25 contract saw a loss of over 100 € and closed at 7,244 €/t on Wednesday. The level is still high, but an increase above the mid-March highs has been absent lately. The May25 skimmed milk powder contract remained unchanged from Friday at 2,363 €/t, staying at a low level. There have been no noticeable impulses for weeks. The sentiment in the milk market remains calm for now. More prices + news
Exchange rate: 1 € = 1.1360 USD 1 US bushel corn = 25.4012 kg 1 US bushel wheat = 27.2155 kg 1 US bushel soybean = 27.2155 kg 1 US cwt = 45.36 kg (liveweight) 1 acre = 0.4047 ha
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