The stability of the grain markets in recent days is certainly welcome after the turbulence at the beginning of last week. Futures for most grain commodities have been very steady over the last number of days, with prices generally showing marginal up or down movements after each day. The only exception has been prices for rape on the Euronext exchange which have made some strong gains recently.

Europe

On the Euronext exchange in Paris (MATIF), futures prices for December 2015 wheat were relatively flat for the fourth day in a row as they continue to hover on the €173/t mark. Prices for December 2016 wheat were also static during Monday’s trade, falling marginally to sit on €184/t.

Maize prices from Paris were static to slightly back. Future prices for November 2015 maize were flat at just below €169/t while November 2016 maize prices fell by €1/t to finish the day’s trade at €178/t.

Rape futures prices continued to show positive upward momentum. Prices for November 2015 rape gained almost €3/t to settle on €367/t. November 2016 rape also continued to make steady gains – increasing by over €1/t to finish Monday on €352/t.

At the midpoint of Tuesday’s trade, futures prices for all three commodities on the Paris exchange were back on yesterday. However, it has been indicative of the markets over recent weeks to show early losses before recovering by the end of trade.

Chicago

On the Chicago exchange (CBOT), futures prices for wheat and maize were fairly steady.

December 2015 SRW wheat prices gained slightly to push just over the $178/t (€158/t) mark, while December 2016 SRW wheat fell by almost $2/t from the previous day to end last Monday’s trade just below $191/t (€169/t).

Maize futures were extremely static as prices for December 2015 maize stayed flat at just under $148/t (€131/t), while December 2016 maize showed no movement either at just over $157/t (€140/t).

Read Monday's grain report here.