Wheat: Volatile Prices Driven by Weather Conditions

Global wheat prices show slight volatility, with Euronext futures currently around 211.25 EUR/t. Weather challenges and production declines in Australia are tightening supply. Meanwhile, Ukrainian exports remain steady, with 13.3 million tonnes of grain exported since the season began, nearly 4 million tonnes of which is corn, marking a 17% increase over last year.

Rapeseed: Price Stability Amid Limited Supply

Rapeseed prices show stable to slightly upward movement, with January-25 contracts last noted at 515.25 EUR/t. Reduced harvests in Ukraine and limited production in Canada and the EU are supporting the market. Ukraine's 2025 rapeseed harvest could fall by 20% due to reduced acreage and adverse weather.

Corn: Strong Harvest and Export Growth Stabilize the Market

Corn prices on Euronext remain stable at 211.75 EUR/t. High demand and robust U.S. export sales – 3.6 million tonnes last week, mainly to Mexico – are supporting the market. A record corn crop of 4.9 million tonnes in Germany is also expected in 2024, marking a 5-year high.

Soybeans: High Exports and Brazilian Forecast Boost Demand

Soybean prices in Chicago currently stand at 9.99 USD/bu or approximately 0.35 EUR/kg. U.S. exports to China have increased, with China as the main buyer. Brazil's exports, however, fell by 21.5% in October, while the USDA projects a 161-million-tonne crop for the coming season.

Sugar: Stable Prices Despite Global Uncertainty

Sugar prices remain steady at around 0.46 EUR/kg. The market is supported by continued exports from Brazil and India, though weather-related uncertainties could cause short-term fluctuations.

Sunflower Seeds: Declining Exports and Price Increase

Sunflower seed prices stand at 0.41 EUR/kg, supported by declining exports from Ukraine. Russia recently raised export tariffs on sunflower meal, further impacting international availability.

Crude Oil: Volatile Prices Amid Geopolitical Tensions

Crude oil prices remain high and volatile at 0.72 EUR/Liter. Current market volatility is due to geopolitical tensions and OPEC+ production cuts. Another price increase could be expected, especially with the heating season approaching.

Soybean Oil: High Demand Drives Prices Upward

Soybean oil is currently trading at 0.99 EUR/Liter, supported by strong demand from the U.S. and China. Rising production and biodiesel demand keep prices high, while U.S. stock levels are decreasing.

Sunflower Oil: Price Increases Due to Production Declines

Sunflower oil currently trades at 1.22 EUR/Liter. Prices are supported by lower harvests in the Black Sea region and increased demand for edible oils in Europe. Russia's 2024 production of sunflower oil increased by 13% over last year, potentially stabilizing prices in the mid-term.

Rapeseed Oil: Stable Prices With Increasing Demand

Rapeseed oil prices remain steady at 1.06 EUR/Liter. Rising demand and limited availability from Canada and the EU support the market. Slight price increases are possible if edible oil demand remains high and supply tightens further.

These trends highlight a mix of stable and slightly rising prices, primarily driven by high demand and limited availability of oilseeds and related products.





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