{"id":23893,"date":"2025-11-28T09:45:30","date_gmt":"2025-11-28T09:45:30","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=23893"},"modified":"2025-11-28T09:47:55","modified_gmt":"2025-11-28T09:47:55","slug":"wheat-prices-in-the-eu-contract-amid-glut-thanksgiving-elsewhere","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/11\/28\/wheat-prices-in-the-eu-contract-amid-glut-thanksgiving-elsewhere\/","title":{"rendered":"Wheat prices in the EU contract amid glut &amp; Thanksgiving elsewhere"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.selinawamucii.com\/wheat\/\"><u>Prices of wheat<\/u><\/a>&nbsp;in the European Union (EU) dipped to near-October lows on November 27, 2025 from surplus and the U.S.\u2019 Thanksgiving holiday.<\/p>\n\n\n\n<p>Futures at Euronext in Paris rated down to 190.5 euro ($220.9) a tonne in evening contracts on the 26<sup>th<\/sup>, per the&nbsp;<a href=\"https:\/\/www.brecorder.com\/news\/40394689\"><u>BRecorder.<\/u><\/a><sup><\/sup><\/p>\n\n\n\n<p>This way they almost echoed the low of 189.75 euro ($217.4)\/tonne of October 15, which had a reprise early this week.<\/p>\n\n\n\n<p>But in cash markets, some countries are having a field day in particular markets that they patronize.<\/p>\n\n\n\n<p>Among these is Russia whose week\u2019s sale of 11.5% protein wheat in Egypt hit $246-247 a tonne, inclusive of freight charges.&nbsp;<\/p>\n\n\n\n<p>According to traders, Russia currently enjoys the best rates in Egypt while Argentina has the lowest worldwide, especially in Asian markets.<\/p>\n\n\n\n<p>Also making a kill for Egypt is France, which apparently shipped 65,000 tonnes of the soft grain there this week.<\/p>\n\n\n\n<p>Topping export rates worldwide are Romania ($251\/tonne), France and Ukraine (both at $249-250\/tonne), inclusive of freight costs.<\/p>\n\n\n\n<p>The United States in its part starts at $242 a tonne, based on a Spain-bound sale this week for December\/January deliveries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-glut-all-over\"><strong>Glut all Over &nbsp;<\/strong><strong><\/strong><\/h3>\n\n\n\n<p>Underlining the stiff competition is ample production in both the northern and southern hemispheres\u2019 major shippers.&nbsp;<\/p>\n\n\n\n<p>In the United States, the Thanksgiving holiday when trade stops for a while finds a flourishing 2026-27 winter wheat crop.&nbsp;<\/p>\n\n\n\n<p>Three months after the 2025-26&nbsp;<a href=\" www.selinawamucii.com\/news\/2025\/07\/22\/winter-wheat-harvest-in-2025-almost-over-in-\"><u>winter wheat harvest<\/u><\/a>&nbsp;ended in August, new plantings are finalizing, with crop conditions&nbsp;<a href=\"https:\/\/mecardo.com.au\/thanksgiving-caps-a-flat-week\/\"><u>48%&nbsp;<\/u><\/a>good-to-excellent.&nbsp;<\/p>\n\n\n\n<p>The EU on the other hand expected in July 2025 to reap 278.4 million tonnes of cereals in 2025, up 9.1% from 2024.<\/p>\n\n\n\n<p>Soft wheat output could hike by 14% to 127.3 million tonnes or 14% above 2024\u2019s output due to currently fine growing conditions.<\/p>\n\n\n\n<p>France might produce 32.3 million tonnes of soft wheat or 27% above 2024\u2019s while Bulgaria&nbsp;<a href=\"https:\/\/www.graincentral.com\/markets\/eu-grain-production-rebounds\/\"><u>7.1 million tonnes<\/u><\/a>, the highest ever.<\/p>\n\n\n\n<p>The same informs far off Argentina, whose abundant crop allows the country the most affordable rates of all major origins. Regarding origins, the EU is in the top echelons of worldwide wheat production but with relatively affordable prices, per the stats below.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eu-wheat-statistics\"><strong>EU Wheat&nbsp;<\/strong><strong>Statistics&nbsp;<\/strong><strong><\/strong><\/h2>\n\n\n\n<p>The European Union (EU) is a key source of soft spring and durum wheat worldwide. In 2022, continental Europe had four countries ranking among the top 11 wheat-producing nations. These included non-EU members Russia at<a href=\"https:\/\/worldpopulationreview.com\/country-rankings\/wheat-production-by-country\"><u>104.2 million tonnes<\/u><\/a>\u00a0and Ukraine at 20.7 million tonnes. EU members featured France at 34.6 million tonnes and Germany at 22.6 million tonnes.<\/p>\n\n\n\n<p>The European Union produces mainly two wheat varieties, namely soft wheat and durum wheat. Their utilized production in the 2021-25 context are as follows, per the&nbsp;<a href=\"https:\/\/agriculture.ec.europa.eu\/data-and-analysis\/markets\/overviews\/market-observatories\/crops\/cereals-statistics_en\"><u>European Commission<\/u><\/a>:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Year<\/strong><\/td><td><strong>Soft wheat [tonnes]<\/strong><\/td><td><strong>Durum wheat [tonnes]<\/strong><\/td><\/tr><tr><td>2025 [projection]<\/td><td>134.169 million<\/td><td>8.237 million<\/td><\/tr><tr><td>2024<\/td><td>110.95 million<\/td><td>7.655 million<\/td><\/tr><tr><td>2023<\/td><td>125.185 million<\/td><td>7.413 million<\/td><\/tr><tr><td>2022<\/td><td>125.814 million<\/td><td>7.464 million<\/td><\/tr><tr><td>2021<\/td><td>129.1 million<\/td><td>8.079 million<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Fig:\u00a0<em>soft and durum wheat utilised production, EU, 2021-25<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Which is the EU\u2019s wheat production share globally in 2025-26?<\/strong><strong><\/strong><\/p>\n\n\n\n<p>According to the European Commission\u2019s&nbsp;<a href=\"https:\/\/agriculture.ec.europa.eu\/data-and-analysis\/markets\/overviews\/market-observatories\/crops\/cereals-statistics_en\"><u>Agri Dashboard<\/u><\/a>, the EU\u2019s wheat production would reach 133 million tonnes in the 2025-26 season. This would be 1\/6<sup>th<\/sup>&nbsp;of the&nbsp;<a href=\"https:\/\/agriculture.ec.europa.eu\/data-and-analysis\/markets\/overviews\/market-observatories\/crops\/cereals-statistics_en\"><u>827 million tonnes<\/u><\/a>&nbsp;the world would reap that season. In the EU context, this means glut: there were already 11 million tonnes in the bloc\u2019s wheat reserves for 2025-26 by November 18, 2025.<\/p>\n\n\n\n<p><strong>How much does Europe\u2019s wheat sell internationally?<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Free-on-board export rates for November 18, 2025 found wheat grade 1 from the EU selling at\u00a0<a href=\"https:\/\/agriculture.ec.europa.eu\/data-and-analysis\/markets\/overviews\/market-observatories\/crops\/cereals-statistics_en\"><u>197 euro<\/u><\/a>\u00a0($228.19)\u00a0a tonne. This was lower than Canada\u2019s equivalent at 246 euro ($284.92) a tonne.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices of wheat&nbsp;in the European Union (EU) dipped to near-October lows on November 27, 2025 from surplus and the U.S.\u2019 Thanksgiving holiday. Futures at Euronext in Paris rated down to 190.5 euro ($220.9) a tonne in evening contracts on the 26th, per the&nbsp;BRecorder. This way they almost echoed the low of 189.75 euro ($217.4)\/tonne of&#8230;<\/p>\n","protected":false},"author":3,"featured_media":18204,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.3 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wheat prices in the EU contract amid glut &amp; Thanksgiving elsewhere - Selina Wamucii | Food &amp; Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/11\/28\/wheat-prices-in-the-eu-contract-amid-glut-thanksgiving-elsewhere\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wheat prices in the EU contract amid glut &amp; Thanksgiving elsewhere - Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Prices of wheat&nbsp;in the European Union (EU) dipped to near-October lows on November 27, 2025 from surplus and the U.S.\u2019 Thanksgiving holiday. 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