International grain markets continue to endure a difficult week, with prices slipping further during Tuesday’s trade in Paris and Chicago. Mixed data from the latest supply and demand report (WASDE) published by the USDA did little to help market outlook.

Europe

On the Euronext exchange (MATIF) in Paris, prices for May 2016 delivered wheat lost more than €2/t to finish Tuesday’s session below €159/t, while May 2017 delivered wheat eased back almost €2/t to settle at €178/t mark.

European maize (corn) futures from Paris performed slightly better, with June 2016 maize gaining €1/t to finish at €156/t, while prices for June 2017 delivered maize edged marginally up to stand at €170/t.

Rapeseed futures also weakened, with the differential between 2016 and 2017 futures prices almost at a minimum. May 2016 delivered rapeseed lost €1/t to finish below €356/t, while May 2017 rapeseed futures fell marginally to sit below €353/t.

Chicago

On the Chicago exchange (CBOT), cereal futures were back slightly after the latest WASDE report was published. The weakening US dollar continues to give no support to prices which might have been expected.

SRW wheat for May 2016 delivery fell below the $170/t (€151/t) mark, while May 2017 delivered SRW wheat was relatively flat at $187/t (€166/t).

US maize (corn) prices also showed marginal declines, with May 2016 delivered maize falling back slightly to end the day at $144/t (€128/t), while maize for May 2017 delivery lost $1/t to finish below $157/t (€140/t).