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Increased prices of cereals after report USDA. Mostly ofonespecies.

Wzrosły ceny zbóż po raporcie USDA. Głownie jednego gatunku

Corn on CBoT the most expensive for over a year

On Friday after the publication of the new USDA report on world exchanges there were almost increases in prices of commodity contracts. The leader of increases both on Friday and on the week was corn listed on the exchange in Chicago, which reached the highest value since end December 2023 . (details report below).

Wheat in contract with supply in March on MATIF on Friday has increased by 1.6 percent. and cost 233.00 euros/ton (965 zl/t), a in year quotes increased 5.2 proc. For a week the price has not changed. The price of currency on the Paris exchange in the March contract rose by 1.2 percent. and was 213.75 euros/t (912 zl/t), a through last year

has increased by 10.3 proc. In the week quotes rose by 1.8 proc.

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Wheat on CBoT in the March contract on Friday dropped 0.6 percent. and cost 195.01 USD/ton. In the month year/year quotes declined by 13.1 proc. For a week the price rose by 0.3 percent. The price of currency in contract with supply in March on the exchange in Chicago rose by 3.2 percent. and was 185.23 USD/t, a through last year has increased by 2.4 proc. In weekly quotes has increased by 4.4 proc.

Global harvest of wheat in the 2024/25 season according to January report USDA is to record 793,24 million t – increase by 2.22 million t against the previous season (for month the prognosis was up by 0.29 million t). Final stocks at the end

of the current season are forecast at 258.82 million t- of 8,65 million t lower than estimated

at the end of the previous season- this will be the lowest stocks for some years.

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Among the most important world producers and only exporters of wheat the decrease in the crop current season (compared to the previous season) is expected in Russia-. by 10 million t to 81,5 million t, in European Union- o 13.80 million t to 121.30 million t (m/m decrease o 1,30 million t) and in Ukraine- o 0.1 million t to 22.9 million t.

Growth in wheat production is projected in Argentina- by 1.65 million t to 17.5 million t, in US- o 4.62 million t to 53.93 million t, in Kazakhstan- o 5.89 million t to 18.0 million t, in Canada- o 2.01 million t to 34.96 million t, and in Australia- o 6.04 million t to 32.0 million t. From other countries- large producers (but not exporters)- in India the harvest is to 113,29 million t (increase o 3.74 million t) and in China 140.1 million t (increase o 3.51 million t).

Lower currency harvest on the world

According to daily report USDA world currency harvest in the current season will 1214,35 million t- a decrease by 15.66 million t against the previous season (decrease prognosis by month by 3.54 million t). Stocks at the end of the current season are to fall by 24.12 million t to 293.34 million t. In the US there is a decrease in production by 12.03 million t to 377.63 million t (by month predictions of a 7,01 million t), in Brazil the growth is to 5.0 million t to 127.0 million t, in Ukraine the expected decrease by 6.0 million t to 26.5 million

t, in European Union the collection is to be lower by 3,87 million t

and will 58.0 million t and in Argentina lower by 2.0 million t and increase to 51.0 million t.

Wheat MATIF,

March contract price on Friday increased by 1.64 proc. (233.00 euro/t- 965 zl/t).
Figure 1.

March term contracts for wheat expressed in gold are represented in the following

chart:
Chart 2

On the lower continuation chart of wheat traded on the Paris exchange

dominates the long-term trend declining,The medium-term trend is upward, short-term trend upward.
Chart 3

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In France declines in value of agricultural production

Wheat CBOT, contract March- price declined by 0.61 proc. (195.01 USD/t- 808 zl/t).
Chart 4

On the exchange in Chicago today the long

trend is declining, mid is declining, short rising.
For 5

Matif corn MATIF, market contract price

increased by 1.18 proc. (213.75 euro/t- 912 zl/t).
Figure 6

March term contracts for currency expressed in gold is shown below

thefigure:
Figure7

OnthelowerconcurrentcontractsforcurrencylistedontheParisexchangedominatesthelong-termdecliningtrend,Themedium-termtrendisgrowing,short-termgrowing.
Chart8

CornCBOT,marketcontractpriceincreasedby3.18proc.(185.23USD/t-767zł/t).
Chart9

OnthecontinuingcontractsforcurrencylistedonCBOTthelong-termtrendisdeclining,mid-termisdeclining,short-termupward.trend10

 

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