Cereal prices vary globally

Cereal prices in France and around the world showed different trends between October 29 and 30, 2026. Wheat prices remained stable, while corn prices continued to fall. These changes were influenced by factors like reduced risk premiums in the Black Sea and increased demand from importers.

Wheat prices on U.S. and European markets

Wheat prices on the Chicago Mercantile Exchange (CBOT) stayed above 600 cents per bushel. On the December 2026 contract, wheat prices dropped slightly to 603.50 cents per bushel. On Euronext, wheat prices rose 1 to 2 euros per ton, with the December 2026 contract reaching 228 euros per ton.

Corn prices decline on both markets

Corn prices on the CBOT continued to fall, losing 2 to 4 cents per bushel depending on the contract. On Euronext, corn prices dropped by less than 1 euro per ton on most contracts. The March 2027 contract fell to 258.75 euros per ton.

Black Sea cereal corridor talks progress

Negotiations are underway to restore a cereal export corridor in the Black Sea. Turkish and Ukrainian presidents expressed willingness to revive the corridor. German Foreign Minister Johann Wadephul suggested an agreement could be reached soon, while the U.S. is reviewing proposals from Turkey and India.

Wheat sowing in France is on track

Wheat sowing in France is progressing normally, with 62 percent of the planned area sown. This is slightly above the five-year average. Importers are benefiting from lower prices, with wheat and barley prices down since September.

Ukraine’s export crisis impacts production

The export crisis in Ukraine is weakening its 2027 production potential. Deputy Minister of Agriculture Taras Vysotskyi warned that farmers’ profitability could drop to nearly zero by the end of 2026. Financial resources for crops have fallen by 60 percent since export restrictions were imposed in July.

South Africa’s record corn production

South Africa is expected to produce a record 17.69 million tons of corn in 2026, up 6.25 percent from the previous year. This large harvest is due to favorable weather and high yields, increasing domestic supplies and export potential.

Oil prices fluctuate amid geopolitical tensions

Oil prices dropped sharply despite tensions involving U.S. and Iranian statements about nuclear sites. However, American oil companies continue to expand production. On October 30, Brent crude rose slightly, but fell significantly the next day.

Rain impacts harvests in the U.S. and Brazil

Abundant rain is expected in the U.S. Midwest, potentially slowing the harvest. In Brazil, heavy rain in November could affect major producing regions. While this supports crop yields, it may temporarily disrupt logistics and port operations.