Over the past week, the prices of cereal contracts on world stock exchanges have behaved alternately: the rises are intertwined with the falls in prices. In the end, the discounts prevailed slightly. However, in the context of Saturday’s Russian decision to suspend export deals, including of cereals from Ukraine by sea on Monday, we can expect sharp price increases, especially for wheat.
The prices of cereals on the world stock exchanges last week, in principle, today can be left without comment. Russia’s decision on Saturday to suspend agreements on humanitarian corridors for the sea export of goods (mainly wheat) from Ukraine is likely to cause a sharp rise in the prices of cereals (especially wheat) in world markets on Monday. An increase in price volatility can be expected in the coming days / weeks, along with the incoming information on the aforementioned issue.
The price of wheat in the December delivery contract on Friday on Matif rose 0.3 percent. to 337.50 EUR / t (1,593 PLN / t), and in y / y terms the prices increased by 19.3%. However, over the past week, the price of wheat has fallen by 1.3%.
The price of corn on the Paris stock exchange in the November contract rose 0.4% on Friday. and amounted to 337.00 EUR / t (1,591 PLN / t) and has increased by 39.0% in the last year. During the week, the prices increased by 0.8%.
Wheat on CBoT in Friday’s December contract fell 1.1%. and costs $ 304.69 / t. In y / y terms, prices increased by 7.3%. Over the past week, the price has dropped by 2.5%. The price of corn in the December delivery agreement on the Chicago Stock Exchange fell 0.2%. and amounted to USD 268.00 / t and over the past year has increased by 21.0%. Over the past week, prices have fallen by 0.5%.
Matif Wheat, December contract – price increased 0.30 percent on Friday. (EUR 337.50 / t – PLN 1,593 / t).
Graph 1.
The prices of the December wheat futures contracts expressed in PLN are presented in the following graph:
Graph 2
In the continuation chart below for the grain contracts traded on the Paris Stock Exchange, a long-term uptrend, a medium-term uptrend, a short-term uptrend predominates.
Graph 3
CBOT grain, December contract – price fell 1.10 percent. (USD 304.69 / t – PLN 1,447 / t).
Graph 4
The Chicago Stock Exchange is currently dominated by a long term uptrend, while in the medium term it is a downtrend and a short term uptrend.
Graph 5
Kukurydza Matif, November contract – Friday price increased 0.40 percent. (337.00 EUR / t – 1,591 PLN / t).
Graph 6
The prices of the November corn futures contracts expressed in PLN are presented in the following graph:
Graph 7
In the continuation chart below for Paris-listed corn contracts, long-term growth dominates, medium-term is up, short-term uptrend.
Chart 8
CBOT corn, December contract: the price fell by 0.22 percent. (USD 268.00 / t- 1272 PLN / t).
Graph 9
The continuation chart of CBOT-listed corn contracts is dominated by a long-term uptrend, a medium-term uptrend, a short-term uptrend.
Graph 10
