After making a positive start to last week’s trade on the back of dry weather concerns, grain futures sustained losses at the close of the week to finish Friday’s session on a downward trend. A weakening US dollar on Friday was unable to boost prices.

Europe

On the Euronext exchange (MATIF) in Paris, prices for May 2016 delivered wheat lost almost €2/t to finish at €152/t, while May 2017 delivered wheat was steadier, falling only slightly to just over €175/t.

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European maize (corn) futures also extended losses on Friday with June 2016 maize back €1/t to €152/t, while prices for June 2017 maize plunged €4/t to settle at €166/t.

Rapeseed futures on the Paris exchange were actually buoyed by the weakening dollar to finish the week on a positive note. May 2016 delivered rapeseed gained €1/t to finish just below €358/t, while May 2017 rapeseed inched higher to also finish below €358/t.

Chicago

On the Chicago exchange (CBOT) in the US, futures prices for wheat and maize were steady but overall finished the weak on a downward trajectory.

SRW wheat for May 2016 delivery was relatively flat at $170/t (€151/t), while May 2017 delivered SRW wheat inched marginally higher to below $190/t (€168/t).

US maize (corn) prices were easing back somewhat during Friday’s trade in Chicago with May 2016 delivered maize back $1/t to settle below $145/t (€128/t), while maize for May 2017 delivery also lost $1/t to finish at $157/t (€139/t).