As of Thursday (January 16), the delivery price of first-grade French wheat at the port of Rouen, France, was $236/ton, down $3 from a week ago. The price range in the past 52 weeks was $209 to $277 per ton.
The price of second-grade wheat in the upper river of Argentina was $229/ton, unchanged; the price of US No. 2 hard red winter wheat was $251/ton, up $1; the price of US No. 2 soft red winter wheat was $232/ton, up $1.
From the trend of the futures market, on Friday (January 17), the most active March wheat futures on the Euronext closed at 226.75 euros/ton, down 6.25 euros or 2.68% from a week ago. Chicago wheat rose 1.51% during the same period.
European wheat futures fell to a six-week low of 2 on Thursday. 25.25 euros, as sentiment in the spot market in Western Europe was sluggish due to weak exports.
Market participants were also adjusting positions ahead of the three-day long weekend in the United States and the inauguration of U.S. President-elect Donald Trump on Monday, who has said he would impose new tariffs on trading partners including China.
The outlook for European wheat exports is weak as Black Sea and Argentine wheat are cheaper and more best suited to meet limited international demand. A research note from British trader Frontier Agriculture said there is still no sign that the weak euro is bringing much business to EU wheat exporters.
Russian 12.5% protein wheat for January/February shipment was quoted at around $235-239 per tonne FOB at Black Sea ports on Friday, with overall The price of Argentine 11.5% protein wheat is about $223-226 per ton.
In addition, the EU is also interested in purchasing cheap Ukrainian feed wheat, which is quoted at about 230 euros per ton (including delivery to northern Germany) and 239 euros per ton (including delivery to northern Italy).
On Thursday, Egypt's state-owned procurement agency MMSD said it had signed a new wheat supply agreement, but the lack of purchase details left market participants confused about how the new national grain buyer would operate. Last month, buyers in the country had booked enough wheat to meet demand until June.
In France, port data confirmed an increase in barley exports, including two shipments of barley to Jordan, and a shipment of A rare ship to Libya and more cargo to Morocco. But wheat loadings remain scarce.
A week ago (10th), Senalia, which operates the largest terminal at the French port of Rouen, predicted that its grain exports in 2024/25 would be 1.6 million tons, down more than half year-on-year.
The pace of wheat exports from the port of Rouen remained sluggish in the second week of 2025
Haropa, the operator of the port of Rouen, France's top wheat export port, said that as of the week of January 15, the port of Rouen exported 42,800 tons, up from 31,339 tons of wheat in the previous week.
The export volume of milling wheat from the port of Rouen in December 2024 was 238,218 tons, down from 306,313 tons in the same period of 2023.2023/2
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