Funds In Grain - 2026 Outlook (Europe)
Global Analysis18/12/25
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Funds stay cautious — bumper EU harvests and currency swings keep speculative capital on edge.
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Wheat shorts dominate — but 2026 could see a rebound if positions are covered.
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Rapeseed resilience tested — larger EU acreage could invite fresh selling pressure.
Managed money (funds) positioning in Euronext wheat, rapeseed, and corn futures in 2025 was shaped by abundant European harvests, trade wars, currency & opportunities in other asset classes. For 2026, speculative flows are likely to remain sensitive, especially considering the large net short position for wheat, which has added to prices pressure on Europeans grain markets.
