The agricultural market is moving in different directions. Some crops are rising fast. Others are under pressure. The yearly trend is mixed. But short term movements are creating strong volatility.
Soybeans wheat and corn prices show steady movement
Soybeans are trading at 1157.58 USd per bushel. They gained 0.20 percent in a day. Weekly trend is weak with a 3.70 percent fall. Monthly growth stands at 2.10 percent. Year to date gains are at 12.31 percent. Yearly growth is 14.28 percent.
Wheat is priced at 589.81 USd per bushel. It fell 1.25 percent daily. Weekly movement is almost flat. Monthly growth is strong at 7.87 percent. Year to date gains are at 16.38 percent. Yearly growth is modest at 4.43 percent.
Corn is trading at 452.4364 USd per bushel. It saw a small daily drop of 0.34 percent. Weekly change is almost zero. Monthly growth stands at 5.90 percent. Year to date gains are at 2.71 percent. Yearly trend is slightly negative at 1.43 percent.
Rice prices are at 11.3155 USD per cwt. It fell 0.57 percent daily. But monthly growth is strong at 10.37 percent. Year to date increase is at 18.19 percent.
Coffee cotton and sugar prices show sharp volatility
Coffee is at 299.59 USd per pound. It jumped 2.30 percent in a day. Weekly growth is 1.30 percent. Monthly increase is 5.08 percent. But year to date trend is negative at 14.08 percent. Yearly decline is steep at 22.47 percent.
Cotton is trading at 68.897 USd per pound. It gained 1.04 percent daily. Weekly growth is 5.48 percent. Monthly increase stands at 8.03 percent. Year to date gains are at 7.17 percent.
Sugar is priced at 14.48 USd per pound. It rose 2.02 percent daily. Weekly growth is 0.67 percent. Monthly increase is 5.21 percent. But yearly trend is negative at 27.26 percent.
Cocoa is at 3386.69 USD per ton. It fell 0.92 percent daily. Monthly growth is small at 2.13 percent. Year to date decline is very sharp at 44.19 percent. Yearly drop is massive at 57.97 percent.
Canola palm oil and dairy prices gain momentum
Canola is one of the top performers. It is priced at 725.54 CAD per ton. It jumped 3.27 percent in a day. Monthly growth is 6.27 percent. Year to date surge is 23.10 percent. Yearly growth stands at 26.01 percent.
Palm oil is trading at 4568.00 MYR per ton. It saw a slight daily drop of 0.09 percent. Weekly growth is 3.16 percent. Monthly increase is strong at 11.52 percent. Year to date gains are at 12.79 percent.
Milk is priced at 16.16 USD per cwt. It remained almost flat daily. Monthly growth stands at 7.23 percent. But yearly trend is negative at 12.46 percent.
Cheese is at 1.6222 USD per pound. It fell 0.42 percent daily. But year to date gains are at 12.03 percent.
Butter is trading at 4950.00 EUR per ton. It gained 2.06 percent daily. Weekly growth is 4.76 percent. Monthly increase is 8.43 percent. Year to date gains are strong at 19.28 percent.
Other commodities show extreme movements
Orange juice is priced at 197.71 USd per pound. It fell 1.05 percent daily. Yearly decline is steep at 18.94 percent.
Oats are at 348.3054 USd per bushel. They dropped 3.32 percent daily. But monthly growth is 8.43 percent.
Wool is priced at 1783.00 AUD per 100 kg. It remained stable daily. Yearly growth is strong at 43.56 percent.
Sunflower oil is at 1644.20 INR per 10 kg. It gained 0.48 percent daily. Yearly growth stands at 21.98 percent.
Potatoes saw the biggest fall. They are priced at 2.30 EUR per 100 kg. They dropped 25.81 percent across daily weekly and monthly periods. Yearly decline is massive at 88.94 percent.
The agricultural market is clearly unstable. Some commodities like canola and cotton are rising. Others like cocoa coffee and potatoes are under pressure. The data shows that demand supply shifts are driving sharp price changes across the sector.