U.S. and European wheat spreads hit a record high msvbvm60.dll

U.S. and European spreads hit a record high of We want you! The first 2016 China Potter Rockefeller award officially started! Funds, insurance, brokerage and other financial institutions, information management capabilities which is better? Please click [vote], select the strongest institutions in your heart! Original title: the United States and Europe, the difference in wheat prices hit a record high in the summer of 2016 for European wheat farmers is not very good. Heavy rainfall unusual destruction of French and German wheat crop, according to French analyst StrategieGrains August report, compared to last year may reduce about 4-5%. In contrast, despite the strong El Nino winter season, but the United States nearly ideal growth conditions. U.S. Department of agriculture in 2016, the wheat outlook shows that the annual sales of U.S. wheat 2016-17 year (from June 1st), the output may increase by 12-13% over 2015-16 (). Significant differences in the growth conditions in the United States (Chicago Wheat Exchange soft red winter wheat) and spread the largest ever between Paris Euronext European wheat. European prices are now 20% higher than American prices. The price difference created an opportunity for U.S. exporters to create a rare positive for American farmers, plagued by the dollar’s rise in global commodity trade currencies since 2011. Poor harvests in France and Germany could also lead to increased market share in Eastern European countries and the opportunity to sell wheat at a much better price than usual, such as Russia, Kazakhstan and Romania. Outlook: weather, volatility, monetary and macroeconomic factors: the planting season looks good, but wheat growers may not last good time. America may be the weather this past year El Nino into next year’s adverse effects of La nina. While there is little impact on the European general El Nino and La Nina planting season. The cold zone of precipitation is forming along the equatorial pacific. So far, it seems fast to the strong El Nino La Nina, and is very similar to 1972-73 years, 1982-83 years and 1997-98 years of strong El nino. Over the past 12 El Nino tends to push up wheat prices in the U.S. futures market. In the Pacific the temperature is higher than the normal 1° C in the 12 months after the United States, the average price rose by 8%. La Nina effect tends to be the opposite: down to -1° in the equatorial Pacific Ocean temperature; 12 months after C or lower, wheat prices fell by an average of 12%. The impact on the European market is not clear, because the daily futures price data can only be traced back to 1999, only two El Nino occurred in the middle. Nevertheless, the price of wheat in Europe and the United States are highly correlated. Since January 2000, the daily correlation of exchange rate adjustment was +0.54. In fact, the daily data may underestimate the degree of relevance, due to the European and American markets closed due to different time. Therefore, even if the effect of La Nina on European wheat than in the United States, but by the global wheat market indirectly to Europe on相关的主题文章: