Futures grain prices on the Paris exchange were on an upward curve during yesterday’s trade (Wednesday), recovering all of the previous day’s losses. In the US, futures prices were buoyed by the latest grain stock report from the USDA, which estimated a lower wheat harvest and lower wheat inventories than market analysts expected.

Europe

On the Euronext exchange in Paris (MATIF), prices for grain commodities recovered some of the losses from Monday and Tuesday’s trades.

Prices for December 2015 wheat gained €1/t to finish at just under €175/t, while December 2016 prices for wheat were also up by €1/t to finish at just below €191/t.

Maize futures prices were more variable. Prices for November 2015 maize fell for the third day in a row by €1/t to settle at €161/t. In contrast, prices for November 2016 maize gained almost €3/t to finish at just under €180/t.

Rape prices on the Paris exchange continue their recent steady trend opposed to the large swings seen in the last two months. November 2015 rape prices were up marginally to just below €368/t, while November 2016 rape prices were flat at €348/t.

Chicago

Futures prices from the Chicago exchange (CBOT) were steady to improving. Wheat futures, in particular, were boosted by the latest grain stocks report from the USDA, which revised downward harvest yields and inventories.

December 2015 prices for SRW wheat gained more than $3/t to end the day over the $188/t (€169/t) mark, while prices for December 2016 SRW wheat increased by more than $1/t to finish on $201/t (€180/t).

Maize prices in the US were steadier by comparison. Prices for December 2015 maize fell slightly to move just below the $153/t (€137/t) mark. December 2016 maize prices actually gained slightly to finish just below $162/t (€145/t).