French wheat prices remain stable

French wheat prices stayed relatively stable between October 13 and 14, 2026, supported by factors such as planting delays in the United States, geopolitical tensions, and purchases by Algeria. However, global supply levels limited further price increases.

U.S. wheat contracts show mixed movement

On the Chicago Mercantile Exchange (CBOT), wheat prices fluctuated on October 13. Near-term contracts rose by 1 to 4 cents per bushel, while more distant contracts, beyond December 2027, fell by 1 to 2 cents per bushel. The most actively traded December 2026 wheat contract gained 4 cents to 673.25 cents per bushel.

European wheat prices rebound

On Euronext, wheat prices rebounded, gaining 1 to nearly 3 €/t depending on the contracts. The December 2026 contract increased by 2.50 €/t to 248.25 €/t, while the March 2027 contract gained 1.25 €/t to 248 €/t. European wheat prices were supported by the weakness of the euro and concerns about Black Sea availability.

Algerian wheat purchases and market dynamics

Algeria reportedly purchased 750,000 tons of wheat at a price close to 326 $/t, mainly from the Baltic, South America, and the Black Sea. French wheat was excluded again from these purchases, which influenced the global wheat market dynamics.

Ukraine’s winter cereal progress

In Ukraine, winter cereal planting progressed faster than in 2025, with 3.39 million hectares planted by October 13, or 65.1% of the national target. This compares to 3.10 million hectares (57.1%) at the same date last year, indicating improved planting efficiency.

Egypt’s quality standards for wheat

Egypt is considering imposing a minimum flour strength of W160 for its public wheat purchases after encountering quality issues with Bulgarian shipments. This standard would generally align with French, Russian, Ukrainian, and Romanian wheat but could penalize other origins.

Corn prices fall on CBOT

Corn prices on the CBOT fell on October 13, with the December 2026 contract losing 2 cents per bushel to 480.75 cents per bushel. The March 2027 contract declined by 2.25 cents to 494.25 cents per bushel, reflecting abundant U.S. supply and lower demand expectations.

European corn prices rise

European corn prices rose significantly on October 13, with the November 2026 contract increasing by 14 €/t to 303 €/t. The March 2027 contract gained 11 €/t to 280.75 €/t, supported by increased imports and a downward revision of French corn stock estimates.

Chinese corn demand revisions

China significantly lowered its forecasts for corn consumption in animal feed for the 2025/26 and 2026/27 campaigns. This revision reduced expectations for global corn imports and reinforced perceptions of global supply abundance.

Brazil’s growing role in European corn supply

The European Union has increasingly relied on Brazilian corn, with imports rising by 29% compared to 2025. Over the last fifteen days, the EU imported more than 300,000 tons of corn from Brazil, compared to only slightly more than 100,000 tons from Ukraine.