[EN] Rising prices in meat markets: most prices for meat keep on rising and thereby continue their long term upward trend of the last 12 months. Only pork (CME) has fallen by -17% during the last month and shows an incredible annualized volatility, which is currently at 75.1%. Moreover prices in the cocoa market (ICE Futures) have risen further, although the price-increase rate is continuously decreasing, which could indicate that the resistance level could be reached soon. Also cotton (ICE Futures US) has increased again, after reporting three months of strong price falls before. 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 lowest returns, soybeans (CBOT) fell by -26.3%, cotton prices (A-Index) by -22.6% and corn prices (CBOT and US f.o.b.) by -32.2%/-30.3% in one year. The strongest price rises were noticed for cattle (U.S. c.i.f. and CME) +38.6%/+34.5% and cocoa (ICCO and ICE Futures London) +27.5%/+29.7%.
During the last month, cattle prices (US c.i.f.) have increased noticeably again by +14.7% and cotton (ICE Futures US) by +9.9%, whereas price declines have particularly been observed in the markets for pork (CME) -17.0% and skimmed milk powder (f.o.b. Europe) -13.0%. The highest price movements are currently registered in the Pork (CME) market with an annualized volatility of 75.1%.
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.
1. WHEAT (EURONEXT PARIS) Read more
These wheat futures are traded in EUR per ton at Euronext in Paris (operated from NYSE Euronext). It is the most important quotation of wheat in the European market.
With a month closing price of 174.25 EUR/mt (229.80 USD/mt), wheat (Euronext Paris) has increased with a return of +2.2% this month but decreased by -7.2% during the last 12 months. The annualized volatility has increased in the last month and is currently at 15.5%.
2. CORN (EURONEXT PARIS) Read more
These corn futures are traded in EUR per ton at Euronext in Paris (operated from NYSE Euronext). It is the most important quotation of corn in the European market.
With a month closing price of 158.50 EUR/mt (210.20 USD/mt), the corn price (Euronext Paris) has fallen by -2.3% this month and by -7.3% during the last 12 months. The annualized volatility has increased in August and is currently at 19.0%.
3. COTTON Read more
3.1 COTTON A-INDEX
The cotton A-Index is the leading barometer of international cotton price movements. It is an average of the five cheapest quotations from a selection of the main upland cottons traded internationally. The A-Index is published by Cotlook Limited, a private UK cotton consultancy, in the “Cotton Outlook” since 1966.
With a month closing price of 1.23 EUR/kg (1.63 USD/kg), the Cotton A-Index declined with a return of -10.8% this month and considerably by -22.6% during the last 12 months. The cotton A-Index has become more volatile during the last month, the current annualized volatility is at 14.8%.
3.2 COTTON ICE FUTURES US
These cotton futures are traded in US-cents per pound at the ICE Futures US (former NYBOT) in New York.
With a month closing price of 1.13 EUR/kg (1.49 USD/kg), these cotton futures have increased again with a return of +9.9% this month but have declined strongly by -21.2% during the last 12 months. The current annualized volatility is now at 29.4%.
4. SOYBEANS (CBOT) Read more
These soybeans futures are traded in US-cents per bushel at the Chicago Board of Trade (CBOT).
With a month closing price of 303.55 EUR/mt (400.32 USD/mt), soybeans (CBOT) have decreased considerably with a return of -10.2% this month and even by -26.3% during the last 12 months. The annualized volatility has increased in the last month and is currently at the very high level of 40.0%.
5. COCOA (ICE FUTURES) Read more
These cocoa futures are traded in GBP per ton at Intercontinental Exchange Futures (ICE Futures) in London. It is the most important cocoa quotation in the European market.
With a month closing price of 2,582.67 EUR/mt (3,406.03 USD/mt), cocoa (ICE Futures) has increased slightly with a return of +1.5% this month and tremendously by +29.7% during the last 12 months. In August the annualized volatility has fallen a little and is currently at 11.9%.
6. SUGAR (LIFFE) Read more
These sugar futures are traded in USD per ton at the London International Financial Futures and Options Exchange (LIFFE) in London (operated from NYSE Euronext). It is the most important sugar quotation in the European market.
With a month closing price of 321.35 EUR/mt (423.80 USD/mt), sugar (LIFFE) has decreased by -1.8% this month and -11.7% during the last 12 months. The annualized volatility has declined in the last month and is now at 15.2%.
7. Pork (CME lean hogs futures) Read more
These lean hogs futures are traded in US-cents per pound at the Chicago Mercantile Exchange.
With a month closing price of 1.64 EUR/kg (2.16 USD/kg), lean hogs futures (CME) have decreased noticeably with a return of -17.0% this month but have risen by +11.7% during the last 12 months. The price shows a salient level of annualized volatility, which is now at 75.1%.