Since the beginning of the week, the euro has rallied strongly against the dollar, which served to dampen European grain prices. However, prices bounced back somewhat during yesterday’s trade in Paris. In the US, markets have been on a steady to upward trend in the main this week.

Europe

On the Euronext exchange in Paris (MATIF), wheat for May 2016 delivery was relatively flat at €181/t, while May 2017 wheat futures gained €1/t to settle at €191/t.

Maize (corn) futures fell on Tuesday but recovered these losses during Wednesday’s trade. June 2016 maize rose by almost €2/t to €174/t, while June 2017 maize futures gained strongly by €5/t to finish at €184/t.

Rapeseed prices were more mixed. May 2016 delivered rapeseed retreated by €2/t to finish below €377/t, while May 2017 rapeseed is back almost €4/t to €368/t since the start of the week.

Chicago

On the Chicago exchange (CBOT), grain prices, particularly wheat, were on an upward trend during Wednesday’s trade.

SRW wheat for December 2015 delivery increased in price by almost $3/t during Friday’s trade in Chicago to finish at $176/t (€161/t), while December 2017 SRW wheat gained over $2/t to settle just ahead of the $192/t (€176/t) mark.

US maize (corn) prices were less mobile on Wednesday, albeit still moving in a positive direction. December 2015 maize gained almost $1/t to settle at $146/t (€133/t), while maize for December 2016 delivery was flat at $156/t (€142/t).