Soybeans in Hungary rose 41 percent last year

Published 2021년 1월 4일

Tridge summary

The article reports a rise in agricultural commodity prices over the past week, with shorter trading periods due to New Year's Eve and New Year's days. In Chicago, corn, soybeans, wheat, and rapeseed all saw price increases, with significant annual rises for these commodities in 2020. Europe also experienced price hikes for major agricultural products, with the Paris Commodity Exchange seeing a strong buyer market. Other agricultural products such as oats, rice, soybean meal, soybean oil, sugar, cocoa, coffee, and orange juice also saw price increases both last week and throughout 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to New Year’s Eve and New Year’s days, the trading period last week was shorter than usual. Meanwhile, in Chicago, corn was 7.8 percent ahead of the rally, but soybeans were also up 3.6 percent, wheat 2.4 percent and rapeseed 0.6 percent more. In Europe, too, prices for major agricultural products have risen over the past week. The past year has brought substantial pluses on both commodity exchanges in trading major agricultural products. A ton of corn overseas cost $ 191.23 after an extraordinary 8 percent rise in price. Soybeans cost $ 481.44 per tonne after a 3.6 percent plus. Wheat went up to $ 235.8 a tonne and rapeseed was given $ 179.94 a tonne. These price levels brought in a monthly increase of 16.5 per cent in maize, 12.8 per cent in soybeans, 11.3 per cent in wheat and 7.1 per cent in rapeseed. Looking at the whole of 2020, you can see a much more attractive rally. Last year, soybeans rose 40.9 percent, rapeseed 35.2 percent, corn 25.7 percent and wheat 15.6 percent ...
Source: AgroForum

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.