A very thin session as the market gave back some of Wednesday’s gains. London May 2027 fell £2.00 to £202.50 on 112 lots, closing at the bottom of its £202.50-£204.00 range, and November 2027 lost £1.75 to £191.00 on 56 lots. Fewer than 170 lots traded in total. Paris/Matif December fell €3.50 to €232.75 on just over 71,000 lots after trading as high as €235.75 early on. March 2027 lost €2.50 to €230.25, narrowing the December/March inversion to €2.50. Chicago December SRW briefly traded above $6 at $6.03 before slipping 8 cents to $5.91½ intraday, near the session low of $5.88½.

A strong rebound. London May 2027 gained £3.00 to £204.50 and November 2027 added £1.25 to £192.75. Paris/Matif December rose €5.75 to €236.25 on 68,000 lots, back above €235 after touching a four-month low. That is an €18.75 swing between the low and high over two sessions. The lift followed the US rebound after Tuesday’s USDA report, with gains across grains and oilseeds.

A firmer session on thin volume. London May 2027 gained £1.75 to £201.50, reclaiming £200 early in the session and trading as high as £202.25. November 2027 added 50p to £191.50 on light volume. Paris/Matif December rose €3.75 to €230.50 on just under 46,000 lots, with March and May 2027 up €4.00 and €3.75. Chicago December SRW was 5½ cents higher at $5.93½ intraday, in a wide $5.85¼-$5.99¾ range around the USDA release.