On Friday, December 12, wheat prices on the Chicago Board of Trade (CBOT) came under pressure due to a strengthening U.S. dollar. In particular, the March wheat futures contract on CBOT fell by $1.6, trading at $194.5 per tonne. Meanwhile, in Paris on Euronext, the equivalent wheat futures contract moved in the opposite direction, gaining $0.6 to reach $221.9 per tonne, ProAgro Group reports.
According to Barva Invest, prices for Ukrainian wheat currently remain nominally stable due to weak importer interest in Ukrainian-origin grain and limited market supply. Wheat with 11.4% protein content is offered in deep-water ports at $211–215+ per tonne DAP.
Corn prices in Chicago also declined at the end of last week despite strong U.S. export activity. The March corn futures contract on CBOT lost $2.3, settling at $173.5 per tonne. On Euronext, the price of the March corn contract decreased by $0.5, closing at $218.1 per tonne.
At the same time, the Ukrainian corn market remains active on both the demand and supply sides, with occasional aggressive buying by some traders helping support market balance and prices. Corn prices in deep-water ports on a DAP basis range between $204–209 per tonne.
Previously, it was reported that according to the December USDA report, global corn consumption in the 2025/26 marketing year is expected to reach a record 1,297.2 million tonnes, while exports are forecast at 205.1 million tonnes, driven by increased shipments from the United States.
