Agriculture: Highlights | October 2014

[EN] The main agricultural indices are declining: especially soybeans and wheat report remarkable price drops due to a expected record world production. Also corn prices fell noticeably because of over-average yields in the US – the world’s largest producer. Russia’s food embargo shows effects particularly on seafood, which has gone down by 8% and on dairy that even shows a drop of 17.5%. On the other side prices in meat markets haven risen even further, especially in the markets for cattle and feeder cattle. This is due to a persistent tightness in cattle supply in the US.  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 wheat (CBOT) has fallen by -28.0%, for soybeans (CBOT) by -26.8% and for cotton (ICE Futures US) by -25.8%. The strongest price rises were noticed for cattle (U.S. c.i.f. and CME) +47.1%/+43.2%, coffee (LIFFE) +30.2% and Cocoa (ICE Futures London) which has increased by +28.6% in one year.

During the last month, we have observed the highest price drops in the markets for skimmed and whole milk powder (f.o.b. Europe) -18.1/ -16.8%, for wheat (Euronext Paris) -13.2% and for soybeans (CBOT) -13.0%. At the same time prices have risen most for pork (CME) +14.3%, feeder cattle (CME) +12.2% and for sugar (NYBOT) + 10.9%. The highest price movements are still registered in the pork (CME) market with a remarkably annualized volatility of 71.3%.

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
October 2013 – September 2014September 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: 6 October 2014
Sources | Disclaimer | Methodology

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