Wheat price in United States and Europe goes down with different strengths

Published 2022년 12월 15일

Tridge summary

On December 14, wheat prices increased by 0.98% in both the US and Europe, reaching 2.93% in Chicago and experiencing a decline in December contracts in Paris, Chicago, and London by 0.98%, 2.93%, and 1.25% respectively. Meanwhile, corn prices in Chicago decreased by 2.14%, contrasting with a slight increase in soybean prices. The dollar's performance against the euro and pound played a role in the price fluctuations. The article also explains the measurement conversions for wheat, corn, and soybeans. The prices of these commodities had varied slightly a day earlier, with the dollar's strength influencing the market in different ways.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On December 14, wheat quotes went the same way in the US and Europe. Wheat on both sides of the ocean rose in price by 0.98% to 2.93%. On December 14, the dollar fell against the euro (-0.63%) and against the pound (-0.89%). In Paris, December wheat contracts fell by 0.98%, in Chicago by 2.93%, and in London by 1.25% in January. In Chicago, corn quotes fell by 2.14%, while soybean quotes went up by 0.20%, KazakhZerno.kz writes. On December 14, at the Chicago Stock Exchange (SWOT), wheat contracts fell from $7.50 to $7.28/bushel, or by 2.93% ($267.46 per ton). Corn fell from $6.53 to $6.39/bushel, or 2.14% ($250.55 per ton). Soybeans rose from $14.79 to $14.82/bushel, or 0.20% ($544.78 per ton). In Europe, on December 14, at the LIFFE exchange in London, January wheat contracts fell from 239.50 to 236.50 pounds per ton, or by 1.25% ($293.26). In Paris, on the MATIF exchange on December 14, March wheat contracts fell from 305.50 to 302.50 euros per ton, or by 0.98% ($323.68). May ...

Source: Kazakh-zerno