Euronext (Matif) Wheat Price: futures, expiries and analysis

From the Matif price to the farmgate price

The Euronext price is the price of a 50-tonne wheat futures contract, deliverable to an approved silo in Dunkirk, La Pallice, Montoir, Nantes or Rouen. The price offered at the farm differs by the basis: freight to port, collection and storage costs, grain quality and payment date. A gap between the quote and the local price is therefore not an anomaly.

Holding wheat to sell a later expiry only pays if the spread between expiries covers storage and financing costs: the carrying cost, worked out, and the grain marketing calculator, which spreads your sales over the Euronext expiries.

How the Euronext wheat price is set

The Euronext milling wheat contract (code EBM) trades in euros per tonne on the Paris futures market, formerly known as Matif. Four expiry months: March, May, September and December. The price shown here is the nearest unexpired expiry; it rolls to the next one the day after expiry. Euronext presents this contract as the price benchmark for European milling wheat, "from Spain to the Black Sea". Grain elevators, merchants and farmers use it to set contracts and hedge sales. The markers followed on this page: fund positioning, USDA world balances and the Rouen cash price.

Frequently asked questions

What is the Euronext wheat price today?

Latest settlement: €234.00/t on 23 October 2026, on the December 2026 expiry (MLZ26). During the session, the price shown is provisional until settlement.

What is Matif wheat?

Matif is the former name of the Paris futures market, now Euronext. "Matif wheat" is its milling wheat futures contract (code EBM), quoted in euros per tonne, in lots of 50 tonnes.

What are the Euronext wheat expiries?

September, December, March and May, with twelve expiries open for trading. The contract code carries the month letter: H for March, K for May, U for September, Z for December. MLZ26 is the December 2026 expiry.

Where can I find historical Euronext wheat prices?

This page gives recent sessions and the continuous contract chart. Every session, expiry by expiry, is available with a free account.

Why does the farmgate price differ from the Matif price?

The Euronext price is for wheat delivered to an approved silo in Dunkirk, La Pallice, Montoir, Nantes or Rouen. The farm price differs by the basis: freight, collection and storage costs, quality and payment date.

Does Euronext list durum wheat?

Yes. Euronext Paris also lists a European durum wheat futures contract, cash-settled against an index (SEDWI) built from six reference prices in France and Italy. This page covers milling wheat (EBM).