1. Global Grain Price and Production Forecast (BOABC)(2015.7)


Based on BOABC’s monitoring, in June winter wheat in Northern Hemisphere began harvesting, and global comprehensive spot grain index bounced back, ending 14 months declining on month- on – month basis, but year – on – year basis continuing falling down.
In June comprehensive spot grain index was $307/ton, up by 0.4% MOM, and down by 10.3% YOY. Moreover comprehensive future grain index was $ 177/ton, up by 3.6% MOM, down by 20.8% YOY. The average grain price in May 2014 – April 2015 was $ 198 /ton, down by 19.64% YOY.
From different varieties spot, in June the average wheat price was $ 267/ton, up by 0.77% MOM, down by 12.06% YOY. As for corn in June, the price is $ 229 / ton, up by 1.22% MOM, down by 14.33% YOY. Since August 2014/15 the average corn price is $ 237 /ton, down by 12.82% YOY.
In June the average price is $ 505/ton, down by 0.54% MOM, and down by 5.24% YOY. As for barely, the monthly price is $ 224/ton, down by 0.84% MOM, and down by 11.61% YOY.
The monthly price of sorghum and soybean are $ 216/ton and $ 666/ton, the former down by 0.91% MOM, and down by 7.73% YOY. The latter up by 1.49% MOM, and down by 8.51% YOY.
In June comprehensive spot grain index was $307/ton, up by 0.4% MOM, and down by 10.3% YOY. Moreover comprehensive future grain index was $ 177/ton, up by 3.6% MOM, down by 20.8% YOY. The average grain price in May 2014 – April 2015 was $ 198 /ton, down by 19.64% YOY.
From different varieties spot, in June the average wheat price was $ 267/ton, up by 0.77% MOM, down by 12.06% YOY. As for corn in June, the price is $ 229 / ton, up by 1.22% MOM, down by 14.33% YOY. Since August 2014/15 the average corn price is $ 237 /ton, down by 12.82% YOY.
In June the average price is $ 505/ton, down by 0.54% MOM, and down by 5.24% YOY. As for barely, the monthly price is $ 224/ton, down by 0.84% MOM, and down by 11.61% YOY.
The monthly price of sorghum and soybean are $ 216/ton and $ 666/ton, the former down by 0.91% MOM, and down by 7.73% YOY. The latter up by 1.49% MOM, and down by 8.51% YOY.
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