The agricultural market is showing extreme moves right now. Some commodities are rising sharply. Others are under pressure. The data clearly shows a split trend across food, soft commodities, and raw materials.
Wheat and soybean prices rise 20.40% and 12.68% YTD as grains stay firm
Wheat is trading at 610.42 USd per bushel. It slipped 0.05% today. But the trend is strong. Weekly gains stand at 3.24% and monthly growth is 2.12%. The bigger number is 20.40% growth this year. On a yearly basis wheat is up 15.17%.
Soybeans are priced at 1161.08 USd per bushel. It gained 0.11% in a day. But weekly and monthly numbers are slightly negative. Still the yearly trend is positive. Soybeans are up 12.68% YTD and 10.61% YoY.
Corn is trading at 456.8694 USd per bushel. It gained 0.30% today. The yearly growth is modest at 3.78%. Barley is weaker with a 7.31% drop this year and 10.36% yearly decline.
Rubber jumps 24.45% YoY while cotton rises 22.48% and wool gains 53.81%
Rubber is one of the strong performers. It is priced at 210.20 cents per kg. It gained 0.48% today. Weekly growth is 3.34% and monthly gain is 8.57%. The yearly rise stands at 24.45%.
Cotton is at 78.566 USd per pound. It fell 1.11% in a day. But the broader trend is strong. Cotton is up 22.48% this year and 18.37% YoY.
Wool is showing even stronger growth. It is priced at 1895.00 AUD per 100 kg. Weekly gain is 3.84% and monthly growth is 8.22%. The yearly jump stands at 53.81%.
Palm oil is also steady at 4597.00 MYR per ton with 13.51% YTD growth. Canola is stronger with 25.74% yearly gain.
Coffee drops 24.91% YoY while cocoa crashes 63.78% and potatoes spike 704.35%
Coffee is under pressure. It is priced at 305.84 USd per pound. It gained 1.83% today but the long term trend is weak. Coffee is down 12.62% this year and 24.91% YoY.
Cocoa is one of the worst performers. It is trading at 3415.74 USD per ton. Despite a weekly rise of 3.83%, it is down 43.85% this year and 63.78% YoY.
Orange juice is also falling sharply. It is down 34.77% YoY. Sugar has dropped 23.01% yearly.
The most surprising move comes from potatoes. Prices are at 18.50 EUR per 100 kg. Weekly and monthly gains stand at a massive 704.35%. Year to date growth is 184.62%. This is one of the sharpest spikes in the entire agricultural market.
Other items show mixed trends. Milk and cheese are stable with moderate yearly gains. Rice is slightly negative on a yearly basis. Sunflower oil is up 17.69% YoY.
Overall the agricultural market is highly volatile. Some commodities are rising fast due to supply issues. Others are falling due to weak demand. The data shows clear divergence across the sector.