Grain futures prices fell on global markets

Yesterday’s grain futures prices on world stock exchanges dropped. The price of wheat on Matif decreased by 0.9%.

Cereals on Matif have become cheaper

Wheat in the contract for delivery in May on Matif fell by 0.9%. and cost EUR 201.75/t (PLN 866/t), and year-on-year prices dropped by 24.4%. The price of corn on the Paris Stock Exchange in the June contract fell by 0.3%. and amounted to EUR 192.75/t (PLN 828/t), and over the last year it decreased by 26.1%.

Much greater declines in grain prices overseas

Wheat on CBoT fell by 2.1% in the May contract. and cost USD 200.34/t. On a y/y basis, the prices fell by 21.2%. The price of corn in the contract for delivery in May on the Chicago Stock Exchange fell by 2.1%. and amounted to USD 167.91/t, and over the last year it decreased by 35.4%.

Matif wheat, May contract – price decreased by 0.86%. (EUR 201.75/t – PLN 866/t).
Chart 1.

Quotations of May wheat futures contracts expressed in PLN are presented in the chart below:
Chart 2

In the continuation chart below of wheat contracts listed on the Paris Stock Exchange, the long-term downtrend dominates, the medium-term trend is downward, and the short-term trend is downward.
Chart 3

American farmers will plant less corn and wheat

CBOT wheat, May contract – price dropped by 2.11%. ($200.34/t- PLN 802/t).
Chart 4

The Chicago stock exchange is currently dominated by a long-term downward trend, a medium-term downward trend, and a short-term downward trend.
Chart 5

Matif corn, June contract – price decreased by 0.26%. (EUR 192.75/t – PLN 828/t).
Chart 6

Quotations of June corn futures contracts expressed in PLN are presented in the chart below:
Chart 7

Circus! This is what the Young Farmers' Movement calls the occupation of the Ministry of Agriculture and Rural Development

In the continuation chart below of corn contracts listed on the Paris Stock Exchange, the long-term downtrend dominates, the medium-term trend is downward and the short-term trend is up.
Chart 8

CBOT corn, May contract – price dropped by 2.07%. ($167.91/t- PLN 672/t).
Chart 9

The continuation chart of corn contracts listed on CBOT is dominated by a long-term downward trend, a medium-term downward trend, and a short-term upward trend.
Chart 10

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