Extreme fall of price index on the agricultural markets

The situation of the European Agricultural Boards shows extreme fall of price index for wheat and canola, weak financial markets and significant price falls for crude oil. Price index is falling severely. Australian wheat crop increased, and rain falls in the dry areas of China beat down the international price index for corn and oil seeds. The South-American soja crop is estimated lower, but the conditions have improved. At Matif, Paris, canola futures decreased by 6,25 Euro/t to 281,50 Euro/t. At trading center in Hamburg canola prices for delivery in february-march by 280 Euro/t franko. Price index for wheat declined by 3,75 Euro/t to 144 Euro/t for february. At Hamburg the price index for B-wheat fell for the first time since six weeks under 150 Euro/t franko for delivery in march 2009.
Source: ED


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