Record European heat pushes French wheat prices to three-month high

French wheat prices climbed to their highest level in three months after record-breaking heat across Europe raised concerns about crop stress and potential yield losses. The market reacted quickly to weather-related risks, adding a premium for possible supply disruptions.

At the beginning of last week, France recorded a new national temperature record, after which the heatwave spread to Germany, Poland, and the United Kingdom. While some already-harvested winter crops are partially protected, late-season winter crops and all spring crops remain highly exposed to extreme temperatures.

According to Platts (S&P Global Energy), wheat 11% FOB and CPT Rouen prices were assessed on June 25 at €211/mt and €209/mt respectively, marking the highest level since mid-March. Analysts note that the market response to production risks has been swift and pronounced.

Brokers report visible stress already affecting spring crops, particularly corn and sunflowers, which are currently in critical development stages. Temperatures approaching 40°C (104°F) are considered especially damaging, although the heatwave is now gradually easing and expected to end within days.

Corn is entering its flowering phase, making it particularly sensitive to short periods of extreme heat. As the system shifts eastward, Germany and Poland are expected to experience several more days of high temperatures before conditions normalize across Europe.

Despite weather concerns, French wheat exports from the Rouen port continue to expand and diversify. African destinations now account for more than 60% of shipments, highlighting a shift in trade flows as exporters move beyond traditional markets amid changing import patterns.

Tags: wheat, prices, France