During Wednesday’s trade, futures grain prices from the Euronext exchange in Paris (MATIF) were under significant downward pressure while on the Chicago exchange (CBOT), trading was less volatile as prices held their own in the main. However, the opposite was the case during yesterday’s (Thursday) trade with prices from Chicago in reverse.

Europe

On the Euronext exchange in Paris, prices for December 2015 wheat continued to be pressured as they fell by almost €3/t to finish the day just below €167/t. December 2016 wheat prices were more stable, falling marginally to just below €182/t. These prices improved slightly during Friday’s trading.

Futures prices for November 2015 maize fell by €1/t to finish just over €162/t, while November 2016 maize was flat once more at just below €179/t. Prices remained largely flat in Friday trading.

Rape prices from the Euronext exchange continue to be volatile. After two days of losses, prices were on an upward curve once more yesterday. November 2015 rape prices improved by almost €2/t to settle at just over the €359/t mark, while November 2016 rape prices increased by €1/t to €344/t. All positions weakened slightly on Friday.

Chicago

In the face of significant market downturns over the last couple of weeks, grain prices from Chicago had shown steady resilience. However, yesterday was a difficult day for grain prices, particularly for wheat.

Futures prices for December 2015 SRW wheat fell by more than $5/t during yesterday’s trade in Chicago to settle just below $171/t. December 2016 SRW wheat futures were equally under significant downward pressure as prices fell by $4/t to settle on more than $186/t.

Maize prices were also in decline. December 2015 maize prices fell by over $2/t to finish trade on $142/t, while prices for December 2016 maize fell by more than $1/t to settle at just below $153/t.

These prices fell further during early trading on Friday but turned upwards before evening.