An interrupted series of declines in wheat prices on MATIF
Wheat in the contract for December delivery on MATIF rose by 0.12 percent and cost 214.00 euros/t (PLN 933/t), and in y/y terms, quotations fell 8.4 percent. The price of corn on the Paris exchange in the March contract rose by 0.6 percent and amounted to 207.50 euros/t (PLN 905/t). The November contract, which had its last quotation yesterday (negligible liquidity and rather random prices), did not change price and cost 195.00 euros/t.
Another consecutive increase in corn quotations on the CBoT
Wheat on the CBoT in the December contract rose 0.7 percent and cost $210.35/t. In y/y terms, quotations were unchanged. The price of corn in the contract for December delivery on the Chicago exchange rose 0.5 percent at $164.76/ton, down 12.3 percent over the past year.
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MATIF wheat, December contract – price increased by 0.12 percent (214.00 euros/t – 933 PLN/t).
Figure 1.
December wheat futures quotes expressed in PLN are shown in the chart below:
Chart 2
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On the following continuation chart of wheat contracts traded on the Paris exchange, the long-term trend is down, the medium-term trend is up, the short-term trend is up.
Chart 3
CBOT wheat, December contract – price rose 0.33 percent ($210.35/ton – $842/ton).
Chart 4
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The Chicago Stock Exchange currently has a long-term downward trend, the medium-term trend is downward, the short-term trend is upward.
Figure 5
MATIF corn, March contract – price rose 0.61 percent (207.50 euros/ton – 905 zloty/ton).
Figure 6
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March corn futures quotes expressed in PLN are shown in the chart below:
Chart 7
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On the following continuation chart of corn futures traded on the Paris Exchange, the long-term trend is down, the medium-term trend is up, the short-term trend is up.
Figure 8
CBOT corn, December contract – price increased by 0.48 percent ($164.76/ton – $660/ton).
Figure 9
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On the continuation chart of CBOT-listed corn contracts, the long-term downward trend is dominant, the medium-term trend is downward, the short-term trend is upward.
Chart 10
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