Futures grain prices on both exchanges in Europe (MATIF) and Chicago (CBOT) were variable during Thursday’s trade. The early signs from both exchanges yesterday morning were positive as grain prices were on an upward curve across the board for all crops.

However, just like in recent days, prices for some grains swung back into negative territory over the remainder of the day – a sign of the volatility in the markets at present.

Europe

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On the Euronext exchange in Paris (MATIF), futures prices for December 2015 wheat fell were relatively static during Thursday’s trade at just below €174/t. Prices for December 2016 wheat improved by €1/t to just below €185/t.

Maize prices on the Paris exchange were mixed. November 2015 maize future prices fell by almost €2/t to finish just over €169/t while November 2016 maize was flat at €179/t.

Rape prices were more positive as they bounced back to their best level in a week. Futures prices for November 2015 rape gained €7/t during Thursday’s trade to settle just below €359/t. November 2016 rape also gained strongly, improving by more than €6/t to end the day at €349/t.

Chicago

On the Chicago exchange (CBOT), futures prices were also mixed.

December 2015 SRW wheat prices were back by almost $2/t to settle just below $180/t (€160/t), while December 2016 SRW wheat declined marginally from the previous day to end the day just over $194/t (€172/t).

In contrast, futures prices for maize in Chicago made some gains. December 2015 maize prices improved by $1/t to end the day just below $148/t (€131/t), while December 2016 maize increased by over $1/t to settle just over $157/t (€139/t).