Agriculture: Highlights | December 2014

[EN] According to the IMF Commodity Price Index for agriculture, agricultural prices rose by 0.4% in November, which is the first increase for seven months.
In accordance, corn prices jumped 10.7% due to an increasing demand for feed, corn and ethanol exports. Wheat prices went up by 6.2% because of cold weather in the U.S. and dry weather in Australia. Also prices for soybeans increased by 6.9% caused by bad crop prospects in South America. However prices for dairy continued the downtrend and also cocoa prices fell due to abundant supply. This article shows you the latest price developments and relevant key figures for agricultural commodities.

With a view to the past 12 months, we have observed strong price decreases as well as increases for agricultural raw materials. Considering the largest declines, the price for soybeans (CBOT) has fallen by -17.9%, for rice (CBOT) by -16.4% and for corn (Euronext Paris) by -15.1%. The strongest price rises were noticed for cattle (U.S. c.i.f. and CME) +43.4%/+42.0%, coffee (LIFFE) +33.3% and sugar (c.i.f. US) which has increased by +23.1% in one year.

During the last month, we have observed the highest price drops in the markets for sugar  (c.i.f. US) -6.3%, for skimmed milk powder (f.o.b. Europe) -5.9% and for cocoa (ICCO) -5.0%. At the same time prices have risen most for corn (US f.o.b.) +10.7%, wheat (soft red winter US f.o.b.) +8.6% and for soybeans (C.i.f. Rotterdam) + 6.9%. The highest price movements are still registered in the pork (CME) market with a remarkable annualized volatility of 66.9%.

In order to provide market visibility for European companies affected by raw material costs, the following analysis takes into consideration the price evolution in EUR unless specified. Please click on the raw materials below to receive more detailed information.

Agriculture prices returns | 1 YEAR | daily price dataAgriculture prices returns | 1 MONTH | daily price data
December 2013 – November 2014November 2014
*Returns based on monthly data over the last 12 months
*²Returns based on weekly data over the last 52 weeks
*Returns based on monthly data over the last month
*²Returns based on weekly date over the last 4 weeks



3. COTTON  Read more

4. SOYBEANS (CBOT) Read more

5. COCOA (ICE FUTURES) Read more

6. SUGAR (LIFFE) Read more

7. Pork (CME lean hogs futures) Read more

Date of publication: 15 December 2014
Sources | Disclaimer | Methodology

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