Agricultural Commodities Price Outlook
Agricultural prices broadly flat in May
June 11, 2019
Although agricultural prices decreased for the fourth consecutive month in May, they receded only 0.2% month-on-month. The print was above April’s 0.5% decline.
Most agricultural commodity prices lost ground in May led by cotton and soybeans. The decrease mostly reflected ample supply as well as demand concerns as global growth appears to decelerate. Conversely, coffee prices recovered strongly in May after hitting a 15-year low in April as the commodity benefited from an appreciating Brazilian real and weather concerns in the South American country.
Strong demand for food, feed and biofuels will continue to support demand for agricultural products, with Met the why particular Consensus Forecast panelists expecting agricultural prices to rise 4.0% year-on-year in Q4 2019 (previously reported: +4.8% year-on-year). Our panelists expect the rally to continue in the following year and see prices 4.3% higher in Q4 2020 in annual terms.
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Agricultural Historical Price Data
Corn prices in USD cents per bushel (bu).
Soybeans prices in USD cents per bushel (bu).
Wheat prices in USD cents per bushel (bu).
Cocoa prices in USD per metric ton (mt).
Coffee prices in USD cents per pound (lb).
Cotton prices in USD cents per pound (lb).
Sugar prices in USD cents per pound (lb).
Wool prices in AUD cents per kilogram (kg).
All prices are average of period (aop).
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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