Last week, grain prices were in volatile moods. Ultimately, wheat became more expensive and corn became cheaper.
Corn on CBOT is the cheapest in over 3 years
The last week of quotations of grain contracts on global stock exchanges did not bring any positive results. It is true that ultimately the prices of wheat on both sides of the Atlantic went up, but this was rather a reaction to the previous declines. Meanwhile, corn continued to decline, and corn listed on CBOT set a new over three-year price low on Friday.
A slight increase in the price of wheat on MATIF
Wheat in the March delivery contract fell by 0.7% on Friday on MATIF. and cost EUR 206.00/t (PLN 893/t), and y/y the prices dropped by 30.1%. Over the last week, the price of wheat has increased by 1.4%.
The price of corn on the Paris Stock Exchange in the March contract fell by 1.1 percent on Friday. and amounted to EUR 172.00/t (PLN 745/t), and over the last year it decreased by 41.6%. During the week, the prices fell by 0.4%.
Wheat on CBOT in the March contract fell by 1.6% on Friday. and cost USD 210.72/t. On a y/y basis, the prices fell by 22.3%. Over the last week, the price has increased by 2.3%. The price of corn in the March delivery contract on the Chicago Stock Exchange fell by 1.5%. and amounted to USD 157.38/t, and over the last year it decreased by 39.6%. Over the last week, prices have fallen by 4.0%.
MATIF wheat, March contract – the price fell by 0.72% on Friday. (EUR 206.00/t – PLN 893/t).
Chart 1.
Quotations of March 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
CBOT wheat, March contract – the price fell by 1.67% on Friday. ($210.72/t – PLN 844/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, March contract – the price fell by 1.15% on Friday. (EUR 172.00/t – PLN 745/t).
Chart 6
Quotations of March corn futures contracts expressed in PLN are presented in the chart below:
Chart 7
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 downward.
Chart 8
CBOT corn, March contract – the price fell by 1.54% on Friday. ($157.38/t-PLN 630/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 downward trend.
Chart 10
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