MATIF Wheat No. 2 (Paris, FR) Prices

EBM
Price quotation Euro and euro cents per ton
Kontraktgröße / Contract Unit
Fifty tons
Specification

Historical closing prices

Newsticker

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28.
05.24
07:57

Following the rally in wheat, maize also headed north yesterday. The front month of June closed 6 euros firmer at 218.50 euros/t. As with wheat, trading in maize is increasingly being influenced by weather data. It is currently dry in large parts of Ukraine. The EU Commission also reported water deficits in Romania and…

28.
05.24
07:52

Wheat rose significantly on Euronext/Matif yesterday. The front month of September rose by 7.75 euros/t to 269.00 euros/t. This means that the front month gained 42.25 euros/t in the course of May. On the cash markets, the rally led to an increased willingness to sell on the part of farmers, but in the last few days in…

27.
05.24
08:16

After several days of losses, the front month on the Matif stabilized somewhat on Friday and rose by EUR 0.50 to EUR 223.50 per tonne. There were also marginal gains for grain on the CBoT. Here, the expected delays due to the weather situation in the Corn Belt continue to be a supporting factor in trading. The latest…

27.
05.24
08:11

On Euronext/Matif, wheat headed north on Friday. The September futures contract recorded a daily increase of 3 euros per tonne and a closing price of 261.25 euros per tonne. The trigger continues to be the gloomy harvest and export expectations in Russia. According to initial estimates, frost damage in central Russia…

24.
05.24
08:40

On Euronext/Matif, the upward trend of recent weeks could not be sustained yesterday. Prices slipped slightly into the red. At the end of the trading day, the most traded September futures contract was quoted at 258.25 euros, one euro weaker than at the closing bell on Wednesday. On the cash markets, however, prices…

24.
05.24
08:39

Prices in Paris were in the red for the second trading day in a row. The front month lost 3 euros per tonne. The closing price was 223.00 euros per tonne. The increased harvest prospects for Europe and weaker wheat forecasts are weighing on prices. The International Grains Council has reduced its forecast for the…

ZMP Market assessment

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24.
05.24
Getreide News, 05/24/2024 Market Assessment
Bullish
  • Wheat consumption higher than wheat production
  • Reduced harvest expectations Europe and Russia
  • Disease infestation maize harvest Argentina
  • Delays in US maize sowing
Bearish
  • Export competition from Russia
  • Currently weak international demand
  • Economic concerns China
ZMP Market Report Compact

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24.
05.24
12:51

IGC cuts world grain supply 2024/25 - supply situation as it was 10 years ago In its latest May 2024 edition, the International Grains Council (IGC) has significantly reduced global production volumes by -10 million tons compared to the previous month's estimate to 2,312 million tons. However, consumption is estimated to be only -1 million tons…

11.
05.24
09:06

1st USDA estimate: World grain market 2024/25 with little change from previous year In its latest May issue, the US Department of Agriculture (USDA) published an initial estimate of the world grain supply in 2024-25. Global production and consumption are expected to increase only slightly. However, stocks are trending downwards compared to the…

24.
04.24
09:29

MARS estimates EU wheat yields slightly above average In its new Apr. 24 issue, the EU Commission's Agricultural Meteorological Institute (MARS) has updated its yield forecasts from the previous month based on the climate data evaluation from 1 Mar. to 13 Apr. 2024. The comparisons are made with both the previous year and the 5-year average. In the…

19.
04.24
14:18

IGC updates forecast for the global grain market 2024/25 The International Grains Council (IGC) has updated its forecast for the global grain market in 2024/25 in its Apr. 24 issue. Production is estimated to be 10 million tons lower than in the previous month at 2,322 million tons. The decisive factor was the reduction in the US harvest. Global…

17.
04.24
12:46

DRV renews 2024 harvest estimate at 41.23 million tons. The German Raiffeisen Association (DRV) has estimated the German grain harvest at 41.23 million tons in its new Apr.24 issue. Compared to the previous year, the result is -3.3% worse, while the year-on-year decline is -4.5%. The area under cultivation in 2024 is -2.2% below the previous year…

13.
04.24
09:05

USDA slightly updates world grain balance for 2023/24 The US Department of Agriculture (USDA) has updated the global supply situation on the grain market for 2023/24 in its latest April edition. Production was cut by 1 million tonnes compared to the previous month and consumption remained largely unchanged. The documents show a lower ending stock…

Press review

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24.
05.24
15:35

Saskatchewan producers dodged showers to make some progress in the fields this past week, although planting is still behind the five-year average pace. Thursday’s weekly crop report estimated planting in the province at 56% complete as of Monday, up from...

24.
05.24
15:30

Agriculture Canada has planted its first research plots of gene-edited wheat. The experimental wheat is being grown in a greenhouse at the Lethbridge Research and Development Centre. The goal is to produce spring wheat lines with greater ability to receive...

24.
05.24
15:30

Agriculture Canada has planted its first research plots of gene-edited wheat. The experimental wheat is being grown in a greenhouse at the Lethbridge Research and Development Centre. The goal is to produce spring wheat lines with greater ability to receive...

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Specification

Denominierung / Currency
Euro (€)
Minimale Preisveränderung / Minimum Price Fluctuation
25 euro cents per ton (€12.50)
Fälligkeiten / Maturities
September, December, March, May such that 12 delivery months are available for trading.
Handelszeiten / Trading Hours

10:45 - 18:30 CET

Letzter Handelstag / Last trading day
18:30 on the tenth calendar day of the delivery month (if not a business day, then the following business day)
Erfüllung / Settlement
In an approved silo in Dunkirk, La Pallice, Montoir, Nantes or Rouen (France)
Schlussabrechnungspreis / Final Settlement Price
EDSP (Exchange Delivery Settlement Price) as a physically delivered contract (please refer to the technical specifications)
Stand / Last updated

Further specifications

Origins tenderable

European Union

Quality

Sound, fair and merchantable quality of;

- the following minimum specifications:

  • Hagberg falling number: 220 seconds
  • Protein content: 11% dry matter
  • Specific weight: 76 kg/hl and

- the following basis specifications:

  • Moisture content: 15%
  • Broken grains: 4%
  • Impurities: 2%

Discounts apply to reflect any difference between the delivered and standard quality, in accordance with Incograin No.23 and the Technical Addendum No.2. Please also refer to the rules and regulation below for more details. 
Mycotoxins not to exceed, at the time of delivery, the maximum levels specified under EU legislation in force with respect to unprocessed cereals intended for use in food products.

Introduction of new expiry months First trading day following the last trading day.
Wholesale services Against Actuals, Exchange for Swaps
Euronext market Paris

MATIF Wheat spot / futures market prices & news

Futures are available on a whole range of different underlying assets, such as wheat. It is important to note that all futures are traded on futures exchanges. The exchange determines exactly what a futures contract looks like.

It should be noted that virtually all futures contracts are not physically delivered, but are generally settled by trading the offsetting position before the contract expires. Most traders only use futures to hedge the prices they pay or receive on the local market at world market prices and are not interested in physical delivery at the location specified by the exchange.

Wheat is one of the oldest cultivated plants known to mankind. 
In Europe, the first types of wheat, einkorn and emmer, were cultivated in the Mediterranean region. Grain could be stored well and helped people through the barren winter months.

More and more wheat is being cultivated worldwide - in 2020, over 760 million tons were grown. This makes wheat the second most widely cultivated grain after maize. Russia, the USA, Canada, France and Ukraine are the largest exporters. Depending on the region, wheat is used as animal feed or as a staple food, with the share of animal feed predominating overall.

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