Large increases of grain prices in Chicago
Disturbing reports from Argentina have helped weather increases in cereal prices overseas. The stock market in Paris was a lot calmer. Wheat for March MATIF in the contract increased by 0.2 per cent., The CBOT gone up in price by 1.3 percent. Corn in Paris fell 0.3 percent. and in Chicago rose 1.5 percent.
As in the case of soybeans, no major rainfall threatens maize plantations in Argentina. Is expected in the next two weeks less precipitation than originally thought. Such information is enough to push prices for corn futures in Chicago to the top. In the wake of the wheat also gone up in price.
U.S. price increases did not translate into market in Paris. This is probably related to getting stronger euro against the U.S. dollar. Current quotations (about 1, 36) are now on the same level about 15 months. Since August last year, the euro has strengthened the dollar by almost 13 percent.
Today we learn the latest weekly data on U.S. grain exports. Is expected to export wheat in the range of 300 - 550 thousand. tonnes and maize between 200 - 400 thousand. tons.
Trading on the Paris stock exchange in March wheat futures rose by 0.20 does not proc. and cost 248.00 EUR / t The May futures price rose by 0.10 per cent., November listings have not changed. and cost 244.75 and 222.25 EUR / t
The March futures for corn fell by 0.32 per cent. and cost 237.25 EUR / t The June futures were off 0.42 percent., August decreased by 0.21 percent. and were valued at 237.25 and 238.50 EUR / t
In the March Chicago wheat futures at the close of yesterday's session, rose 1.29 percent. and cost 289.17 USD / t, contracts expiring in May rose by 1.27 per cent., in July rose by 1.14 percent. and cost 292.38 and 294.04 USD / t
Corn in the contract expiring in March leapt by 1.47 percent. and cost 291.43 USD / t The May contract rose by 1.51 per cent., In July rose by 1.94 percent. and cost, respectively 291.72 and 288.18 USD / t
Futures price of wheat from the Black Sea basin listed on the CBOT expire in March remained unchanged and amounted to U.S. $ 320.00 / t May and the July contract also did not change the valuation and cost respectively 322.10 and 307.60 USD / t
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