Bloomberg. New Year January 2 Chicago Board met reduction of wheat, corn and soybeans, wheat in Europe Middle slightly increased. January 3 trend remained.
Wheat in the United States continued to fall, but rose again in Europe. In London wheat quotes rose by 0.2% in Paris by 0.9%. In Chicago, wheat fell by 0.7%, corn fell by 0.6%, and soybeans increased by 0.3%. In the U.S., January 3 at the Chicago Stock Exchange (CBOT) wheat quotations fell by 5.25 cents to 7.6025 to 7.55 dollars per bushel, or 0.7% (277.4 dollars per ton). Corn fell by 4 cents to 6.9175 to 6.875 dollars per bushel, or 0.6% (269.5 dollars per ton). Soybeans rose by 3.5 cents to 13.9 to 13.865 dollars per bushel, or 0.3% (510.7 dollars per ton).
In Europe, January 3 at LIFFE exchange in London January contract rose from 206 to 206.4 pounds per ton, or 0.2% ($ 332.8). At the stock exchange MATIF in Paris January 3 January contract rose from 251.25 to 253.5 Euros per ton, or 0.9% ($ 334.4), while March rose from 246.25 to 246.5 Euros per ton, or by 0.1% ($ 325.1). On January 3 MATIF rapeseed decreased from 448 to 447.5 per ton, the cost of malting barley rose from 248.75 to 252 Euros per ton. January 3 in Kazakhstan ETS started to work, but the value of the contracts as a result remained the same. December 27, 2012 January contract fell to 500 tenge, with 39,000 to 38,500 tenge per ton of wheat class 3 ($ 256.2). December 31 wheat quotes on world markets ended the year lower. January 1st exchange did not work, but on January 2 set to work.
As a result of the New Year Chicago Board met reduction of wheat, corn and soybeans, in Europe Near the January wheat rose slightly. In London quotes wheat rose by 0.4%, in Paris January contract rose 0.4%, while March fell by 1%. In Chicago, wheat fell by 2.3%, 1% corn and soybeans by 1.6%. For the period from 21 to 28 December quotations of wheat, corn and soybeans on the U.S. and European markets declined.
In Europe, third week and in the U.S. in the fourth row. In Chicago, wheat fell by 1.7%. In London quotes wheat fell by 2.8% in Paris by 2.1%. Corn in the U.S. fell last week by 1.2% and soybeans by 0.8%. Recall, for the period 14 to 21 December wheat quotes on U.S. exchanges, and Europe again declined. In Chicago, wheat fell by 2.7%. In London quotes wheat fell by 2.6% and in Paris at 1.7%. Corn in the U.S. fell last week by 4% and soybeans by 4.2%.
Measures of wheat: 1 bushel = 60 pounds (27.2 kg), 36.74 bushels = 1 ton (metric). Measure of corn - one bushel of corn = 25.5 kg. One bushel of soybeans = about 27.2 kg.