International grain markets have shown a welcome degree of stability in recent days but Tuesday’s trade in Paris and Chicago marked a return to falling prices for most commodities.

During this morning’s early trade, grain prices in Paris were once more under downward pressure while price movement in the US was more positive.

Europe

On the Euronext exchange in Paris (MATIF), futures prices for December 2015 wheat were back by more than €1/t to finish Tuesday’s trade just below the €172/t mark. Prices for December 2016 wheat were also back by €1/t to settle on €183/t.

Maize prices from the Paris exchange were flat to slightly back. Future prices for November 2015 maize fell by more than €2/t to settle at just over €166/t, while November 2016 maize prices were flat at €178/t.

Rape futures prices lost some ground after making gains over the last five days. Prices for November 2015 rape fell by over €5/t to finish Tuesday’s trade below €362/t. November 2016 rape also took a heavy fall in Paris yesterday, with prices falling by €5/t to settle at €347/t.

Chicago

On the Chicago exchange (CBOT), futures prices for wheat and maize also traded steady to negative.

December 2015 SRW wheat prices were relatively flat at just below $179/t (€159/t). December 2016 SRW wheat was also static compared with the previous day, remaining just below $191/t (€170/t).

Maize futures in Chicago were under downward pressure during yesterday’s trade. Prices for December 2015 maize fell by more than $2/t to settle on $145/t (€129/t), while December 2016 maize fell by a similar amount to end the day just below $155/t (€138/t).