In the absence of US investors, prices on MATIF increased
Yesterday, the CBoT stock exchange was closed on the occasion of Liberation Day, so grain contracts were not quoted. In the absence of quotations in the United States and in the absence of investors from overseas, grain prices on the Paris stock exchange increased.
Wheat on the Paris stock exchange increased by 0.7%.
Wheat in the September delivery contract on MATIF rose by 0.7% yesterday. and cost EUR 230.50/t (PLN 1,000/t), and y/y the prices dropped by 1.9%. The price of corn on the Paris Stock Exchange in the August contract increased by 0.6%. and amounted to EUR 210.00/t (PLN 911/t), and over the last year it decreased by 10.8%.
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Another insect factory in Poland starts production
MATIF wheat, September contract – price increased by 0.66%. (EUR 230.50/t – PLN 1,000/t).
Chart 1.
The quotations of September wheat futures contracts expressed in PLN are presented in the chart below:
Chart 2
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Stocks of grain and oilseeds in Russia are much lower than last year
In the continuation chart below of wheat contracts listed on the Paris Stock Exchange, the long-term downward trend dominates, the medium-term trend is upward, and the short-term trend is upward.
Chart 3
MATIF corn, August contract – the price increased by 0.60%. (EUR 210.00/t – PLN 911/t).
Chart 6
The quotations of August corn futures contracts expressed in PLN are presented in the chart below:
Chart 7
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Ardanowski: This year's grain harvest should not be smaller than last year
In the continuation chart below of corn contracts listed on the Paris Stock Exchange, the long-term downtrend dominates, the medium-term trend is upward, and the short-term trend is upward.
Chart 8