A sharp drop in the price of wheat in the world markets

Yesterday’s grain contracts on Matif ended with a drop in prices. Wheat lost the most on CBoT – 3.9 percent.

Wheat in the contract with the delivery in March on Matif, yesterday it fell by 3.0 percent. and cost 275.75 EUR / t (1274 PLN / t). In terms of y / y, the quotations increased by 34.0%. The price of maize on the Paris stock exchange in the January contract fell by 0.7% yesterday. and amounted to EUR 242.75 / t (PLN 1122 / t), and over the last year it increased by 27.6%.

Wheat for CBoT in the March contract fell by 3.9 percent. and cost 277.78 USD / t. In y / y terms, the quotes increased by 26.1%. price corn in the contract for delivery in March on the Chicago Stock Exchange it fell by 0.8 percent. and amounted to 230.60 USD / t, and during the last year it increased by 37.9%.

Matif Wheat, March contract – price fell by 2.99% (EUR 275.75 / t – PLN 1274 / t).
Graph 1.

The quotations of the March wheat futures contracts expressed in PLN are presented in the chart below:
Graph 2

In the continuation chart below, the wheat contracts traded on the Paris Stock Exchange are dominated by a long-term uptrend, medium-term uptrend, short-term uptrend.
Chart 3

CBOT wheat, March contract – price fell by 3.94 percent. (277.78 USD / t – 1139 PLN / t).
Chart 4

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

Maize Matif, January contract – price fell by 0.72 percent. (EUR 242.75 / t – PLN 1122 / t).
Chart 6

Quotations of November corn futures contracts expressed in PLN are presented in the chart below:
Chart 76.05

In the continuation chart below for corn contracts listed on the Paris Stock Exchange, long-term growth is dominant, medium-term is upward, short-term upward.
Chart 8

CBOT corn, March contract – price increased by 0.76 percent. (230.60 USD / t- 944 PLN / t).
Chart 9

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

Liked the article? Share!