The operations in the ports of Santa Cruz de Tenerife and Las Palmas face this week again an imported volatility where the grain complex shows signs of fracture under the pressure of a political narrative that conditions energy prices. In this context of markets conditioned by the Canarian presidential verb and energy fluctuations, the strategy of port operators is limited to tactical resistance, assuming that the final consumer will ultimately pay the toll of an economy that fails to gain traction, leaving importers in the situation of someone climbing a slope with only the help of a good whisky at hand. The fluctuations in crude oil have ceased to be background noise to become the main risk vector for Canarian importers, who observe how May corn (ZCK26) climbs to 461-6 points, after marking an intraday high of 464-6. This increase in the cereal, vital to sustain the island’s livestock through the REA, occurs in an environment where the volume of contracts for this position reaches 77,843, reflecting a supply tension that local operators can barely offset with logistics. In the port of Las Palmas, a strategic hub for the transshipment of oilseeds, the management of wheat silos at the unloading docks is complicated by the divergence between the different qualities of grain, which directly impacts the cost structure of baking and direct consumption on the islands. Soft wheat retreats 2 to settle at 585-6, far from its daily high of 596-0, in a week marked by the liquidation of positions due to global economic uncertainty. However, spring hard wheat (KWK26) breaks the bearish trend with a rise of +3-2 points, reaching 621-0, while Hard Red Winter Wheat (KEK26) remains at 602-4 points after recording a volume of 11,132 operations. The outlook for secondary and niche supplies, crucial for the Canarian agri-food industry, shows extreme volatility that complicates the planning of medium-term imports. Oats for May (ZOK26) suffer a drop of 7-0 points, falling to 332-4, after having brushed against 351-6 at the start of the day.
© 2026 canarymaritime