Global agricultural commodity prices showed mixed movement in the latest market session. Some key crops recorded strong gains while others continued to struggle due to weak yearly performance. Soybeans, wheat and canola remained among the strongest performers across the agriculture market.
Soybeans are currently trading at 1211.69 USd per bushel. The crop gained 24.44 during the day which equals a 2.06 percent increase. Weekly gains stand at 4.89 percent. Monthly growth has reached 6.48 percent. Year to date soybeans have surged 17.51 percent. The yearly increase now stands at 21.04 percent.
Wheat is trading at 590.15 USd per bushel. The price gained 5.4 during the day which equals a 0.92 percent rise. Weekly gains stand at 4 percent while monthly growth has reached 6.68 percent. Wheat has climbed 16.26 percent this year and is up 6.39 percent compared with last year.
Corn prices are also moving higher. Corn is trading at 445.21 USd per bushel after gaining 8.96 during the day. This equals a 2.05 percent increase. Weekly gains stand at 3.12 percent. Monthly growth is 3.24 percent. However yearly performance remains slightly negative at minus 3.37 percent.
Soybeans and wheat prices rise as grain markets gain momentum
Grain commodities are showing steady gains across weekly and monthly periods. Soybeans and wheat are leading the rally among major food crops.
Oats are trading at 329.90 USd per bushel. The crop fell 4.31 percent during the day after losing 14.84. Despite the drop oats still show strong monthly growth of 6.93 percent. Year to date gains stand at 9.23 percent.
Rice prices are currently at 10.90 USD per hundredweight. The commodity slipped 0.08 percent during the day. Weekly growth remains strong at 4.47 percent. However monthly performance shows a decline of 2.67 percent. Rice has gained 13.61 percent this year but remains down 21.23 percent compared with last year.
Barley prices remained unchanged at 2100 INR per ton. The crop shows no weekly or monthly movement but remains down 8.40 percent so far this year.
Canola surges 25.91% YTD as vegetable oil markets strengthen
Vegetable oil markets are showing strong growth driven by global demand. Canola is trading at 741.97 CAD per ton after gaining 21.87 during the day. This equals a 3.04 percent increase. Weekly gains stand at 4.61 percent. Monthly growth is 9.26 percent. Canola has surged 25.91 percent this year and is up 32.68 percent compared with last year.
Palm oil is trading at 4408 MYR per ton. The commodity slipped 0.45 percent during the day. However weekly gains stand at 5.23 percent while monthly growth has reached 8.57 percent. Year to date gains stand at 8.84 percent.
Sunflower oil is priced at 1635.40 INR per 10 kg after gaining 9.80 during the day. This equals a 0.60 percent increase. Weekly growth stands at 3.51 percent while monthly gains have reached 6.83 percent. Year to date growth is 13.40 percent and yearly gains stand at 20.81 percent.
Rapeseed is trading at 513.12 EUR per ton after gaining 12.12 during the day. This equals a 2.42 percent increase. Weekly growth stands at 3.56 percent while monthly gains are 5.15 percent. Year to date gains stand at 13.21 percent.
Coffee and cocoa prices fall while orange juice jumps 20.11% monthly
Soft commodities are showing mixed performance in the latest market data.
Coffee is trading at 287.58 USd per pound after falling 2.78 percent during the day. Weekly gains remain small at 0.46 percent. However monthly performance is negative at minus 3.32 percent. Coffee prices are down 17.54 percent this year and have dropped 26.42 percent compared with last year.
Cocoa is trading at 3395.88 USD per ton after falling 1.48 percent during the day. Weekly gains remain strong at 11.41 percent. However monthly performance shows a decline of 8.46 percent. Year to date cocoa has dropped 43.79 percent while yearly losses stand at 58.45 percent.
Orange juice recorded one of the biggest moves in the agriculture market. The commodity is trading at 197.43 USd per pound after rising 6.93 during the day. This equals a 3.64 percent increase. Monthly gains stand at a strong 20.11 percent.
Cotton is trading at 65.20 USd per pound after falling 0.15 percent during the day. Weekly growth stands at 1.73 percent while monthly gains are 1.46 percent.
Rubber is priced at 199.20 US cents per kilogram after gaining 2 during the day. This equals a 1.01 percent increase. Monthly growth stands at 3.27 percent while yearly gains remain small at 0.96 percent.
Lumber is trading at 566.01 USD per 1000 board feet after rising 0.54 percent during the day. However monthly performance remains negative at minus 4.78 percent while yearly losses stand at 12.36 percent.
Dairy commodities are also under pressure. Cheese is trading at 1.5806 USD per pound after falling 0.72 percent during the day. Weekly losses stand at 8.13 percent while yearly losses have reached 11.23 percent.
Milk is priced at 16.15 USD per hundredweight after falling 0.43 percent during the day. Weekly losses stand at 2.11 percent while yearly losses have reached 12.70 percent.
Wool is trading at 1767 AUD per 100 kg and remained unchanged during the day. Weekly growth stands at 2.97 percent while yearly gains have reached 44.24 percent.
Sugar is trading at 14.26 USd per pound after falling 0.85 percent during the day. Weekly gains stand at 3.84 percent but yearly losses remain large at 24.40 percent.
Potatoes recorded the sharpest yearly decline in the agriculture market. The commodity is trading at 3.10 EUR per 100 kg. Monthly losses stand at 36.73 percent while yearly losses have reached a massive 86.04 percent.
The latest agricultural market data shows strong growth in grains and vegetable oils while several soft commodities remain under pressure. Crops such as soybeans wheat and canola are showing strong momentum while commodities like coffee cocoa and potatoes continue to face significant price declines.