European wheat market: French wheat prices stabilize, due to pressure from export competition

As of Thursday (February 5), the delivery price for top-grade French wheat at the port of Rouen, France, stood at $238/ton, unchanged from the previous week. The price for December 2025 is $228/ton, a decrease of $20 or 8.06% year-on-year. The price range over the past 52 weeks was $224 to $252 per ton. U.S. hard red winter wheat was quoted at $258/ton, down $2; U.S. soft red winter wheat was quoted at $235/ton, down $1. From the futures market trend, on Friday (February 6), the March wheat futures on the pan-European exchange closed at 190 euros/ton, down 4.25 euros or 2.19% from the previous week; the Chicago wheat futures fell 1.53% in the same period. Export competition heats up, Black Sea dominance unchanged Traders noted that in response to the Ramadan demand starting in late February, major importer Egypt's purchasing interest has increased, but the stable price advantage of Black Sea export countries continues to suppress the export prospects of West European wheat. A ...