U.S. elections may affect grain quotations
Monday’s grain contract quotations ended with a decline in prices on MATIF and an increase on CBoT. This course of the session was influenced by the weakening dollar against the euro (a decrease in the competitiveness of EU grain exports). The outcome of today’s U.S. presidential election could have a significant impact on contract quotations in the near term.
Read more
Wheat in the contract for December delivery on MATIF cheapened by 1.5 percent and cost 213.75 euros/ton (PLN 929/ton), and in y/y terms the quotations fell 8.0 percent. The price of corn on the Paris Exchange in the March contract fell by 0.1 percent and amounted to 206.25 euros/ton (PLN 896/ton). The November contract, which is last traded today (negligible liquidity and fairly random prices) yesterday dipped 2.5 percent to 195 euros/t.
The market leader yesterday was corn on the CBoT
Wheat on the CBoT in the December contract rose 0.1 percent and cost $208.98/t. In y/y terms, quotations rose by 0.6 percent.The price of corn in the contract for December delivery on the Chicago exchange rose by 0.5 percent and amounted to $163.97/ton, and for the past year has decreased by 11.4 percent.
MATIF wheat, December contract – price fell by 1.50 percent (213.75 euros/ton – 929 zloty/ton).
Figure 1.
.
December wheat futures quotes expressed in PLN are shown in the chart below:
Chart 2
.
Read more
Direct subsidies: How much money will ARiMR pay farmers later this week?
On the following continuation chart of wheat contracts traded on the Paris Stock 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 0.13 percent ($208.98/ton – $833/ton).
Chart 4
.
The Chicago Stock Exchange currently has a long-term downward trend, the medium-term trend is downward, the short-term trend is upward.
Chart 5
.
Read more
Every farmer needs to know this before the coming of 2025
MATIF corn, March contract – price fell 0.12 percent (206.25 euros/t – 896 PLN/t).
Chart 6
March corn futures quotes expressed in PLN are shown in the chart below:
Chart 7
.
On the following continuation chart of corn futures quoted on the Paris Exchange, the long-term trend is down, the medium-term trend is up, the short-term trend is up.
Chart 8
CBOT corn, December contract – price increased by 0.48 percent ($163.97/ton – $654/ton).
Figure 9
.
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
.
