Weak session of wheat prices on the stock exchanges
After a very good start to the new week of wheat prices on world stock exchanges, prices dropped yesterday. Corn defended itself against the declines and gained nearly one percent. on both sides of the Atlantic.
Corn prices on MATIF are slowly making up for losses
Wheat in the September delivery contract on MATIF fell by 1.4% yesterday. and cost EUR 227.00/t (PLN 983/t), and y/y the prices dropped by 1.8%. The price of corn on the Paris Stock Exchange in the August contract increased by 0.8%. and amounted to EUR 212.00/t (PLN 918/t), and over the last year it decreased by 9.4%.
Wheat on CBoT in the July contract fell by 1.4%. and cost USD 206.31/t. On a y/y basis, the prices fell by 10.7%. The price of corn in the July delivery contract on the Chicago Stock Exchange increased by 0.9%. and amounted to USD 158.26/t, and over the last year it decreased by 27.9%.
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MATIF wheat, September contract – price decreased by 1.41%. (EUR 227.00/t – PLN 983/t).
Chart 1.
The quotations of September wheat futures contracts expressed in PLN are presented in the chart below:
Chart 2
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
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CBOT wheat, July contract – price decreased by 1.36%. ($206.31/t- PLN 917/t).
Chart 4
The Chicago Stock Exchange is currently dominated by a long-term downward trend, a medium-term upward trend, and a short-term upward trend.
Chart 5
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MATIF corn, August contract – the price increased by 0.83%. (EUR 212.00/t – PLN 918/t).
Chart 6
The quotations of August corn futures contracts expressed in PLN are presented in the chart below:
Chart 7
In the continuation chart below of corn contracts listed on the Paris Stock Exchange, the long-term downtrend dominates, the medium-term trend is up, and the short-term trend is up.
Chart 8
CBOT corn, linden contract – price increased by 0.94%. ($158.26/t- PLN 639/t).
Chart 9
The continuation chart of corn contracts listed on CBOT is dominated by a long-term downward trend, a medium-term upward trend, and a short-term upward trend.
Chart 10
