BIGGEST AG COMMODITY WINNERS AND LOSERS FOR MARCH - Soul 2 Soul Mates Blog

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3/30/2018

BIGGEST AG COMMODITY WINNERS AND LOSERS FOR MARCH

Agricultural commodities in March gave back many of their early-year gains.
Hard red winter wheat futures struggled as the drought-hit US southern Plains enjoyed, some, rain relief.
And the soy rally stalled as forecasts for the Argentine soybean crop bottomed out, while a political threat grew, in terms of worries of a China-US trade war, after President Donald Trump unveiled plans for hefty tariffs on up to $60bn in US imports from China.
However, cocoa extended its rally, as fears persisted over a threat from dryness to the Cote d’Ivoire harvest.
And corn prices found support in bumper demand for US exports, plus a late-month US Department of Agriculture forecast for an unexpectedly large drop in US sowings this year. 






Agricultural commodity price performance, February 2018
Commodity
Month-end price
Month on month change
Change for 2018
Cocoa (New York)
$2,556 per tonne
+14.1%
+35.1%
Cocoa (London)
£1,753 per tonne
+11.4%
+27.2%
Corn
$3.87 3/4 per bushel
+3.5%
+10.5%
Feed wheat (London)
£143.00 per tonne
+2.7%
+5.0%
Soybeans
$10.44 3/4 per bushel
0.0%
+9.8%
Cotton
81.46 cents per pound
-0.2%
+3.6%
Soyoil
31.87 cents per pound
-0.3%
-3.7%
US dollar
90.085
-0.7%
-2.3%
Bcom index
87.4729
-0.8%
-0.8%
Soft milling wheat (Paris)
E163.75 per tonne
-1.8%
+3.0%
Arabica coffee (New York)
118.15 cents per pound
-2.4%
-6.4%
Robusta coffee (London)
$1,725 per tonne
-2.5%
+0.6%
Soymeal
$384.00 per short ton
-2.6%
+22.8%
White sugar (London)
$351.20 per tonne
-2.8%
-11.0%
Bcom ag subindex
48.8151
-2.9%
+2.7%
Rapeseed
E348.25 per tonne
-3.4%
+0.1%
Spring wheat (Minneapolis)
$5.78 1/2 per bushel
-4.5%
-5.9%
Palm oil
2,430 ringgit per tonne
-5.0%
-2.9%
Raw sugar (New York)
13.48 cents per pound
-5.5%
-18.5%
Feeder cattle
135.60 cents per pound
-6.3%
-7.1%
Soft red winter wheat
$4.51 per bushel
-6.9%
+5.6%
Live cattle
113.75 cents per pound
-7.7%
-6.4%
Hard red winter wheat
$4.67 1/4 per bushel
-8.1%
+9.4%
Lean hogs
57.25 cents per pound
-14.8%
-20.2%
Data for spot contracts, except third-in contract for Kuala Lumpur palm oil




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