The global surplus and the strong euro sink the EU wheat price by 20% in 2025.

The European wheat market closes 2025 marked by a highly intense correction. The cereal has lost nearly a fifth of its value in the annual balance, in a context dominated by a global excess supply, strong export competition, and an appreciated euro that has notably reduced the competitiveness of EU grain in international markets. The adjustment, which has occurred progressively throughout the year, places European wheat at price levels not seen for several years and conditions the sector's outlook for 2026. Thus, wheat for bread-making for delivery in March at the Euronext exchange in Paris closed the last session of the year with a slight daily rise of 0.1%, up to 190 euros per metric ton. However, this punctual rebound does not compensate for an accumulated drop of nearly 20% in the nearest contract to expiration, reflecting the clearly bearish tone that has dominated the market throughout 2025. One of the main factors explaining this collapse in prices has been the sharp ...