Most grain on world stock exchanges has become cheaper
Wheat
Published Mar 28, 2024
Tridge summary
Recent reports indicate fluctuations in the prices of wheat and corn across various exchanges. Specifically, wheat prices on the Matif exchange for May contracts fell by 1.3% to EUR 204.50 per ton, marking a 19.3% decrease from the previous year, while on the CBOT, May wheat contracts slightly increased by 0.1% to USD 203.92 per ton, also noting a 19.4% year-on-year decline. Corn prices followed a similar trend, with June contracts on the Paris Stock Exchange dropping by 0.9% to EUR 191.75 per ton, a 23.4% decrease from last year, and May contracts on the Chicago Stock Exchange decreasing by 0.3% to USD 172.34 per ton, reflecting a significant 31.9% year-on-year fall. These figures highlight the ongoing volatility and downward trend in the prices of these key agricultural commodities across different markets.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Wheat prices fall after a strong increase on Friday Wheat in the contract for delivery in May on Matif fell by 1.3%. and cost EUR 204.50/t (PLN 881/t), and year-on-year prices dropped by 19.3%. The price of corn on the Paris Stock Exchange in the June contract fell by 0.9%. and amounted to EUR 191.75/t (PLN 826/t), and over the last year it decreased by 23.4%. Only wheat prices on CBOT increased slightly Wheat on CBoT in the May contract increased by 0.1%. and cost USD 203.92/t. On a y/y basis, quotations decreased by 19.4%. The price of corn in the contract for delivery in May on the Chicago Stock Exchange fell by 0.3%. and amounted to USD 172.34/t, and over the last year it decreased by 31.9%. Matif wheat, May contract - price dropped by 1.33%. (EUR 204.50/t - PLN 881/t). Chart 1. Quotations of May 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 ...
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