Commodity prices slid in Chicago amid general depression — Agritel

Prices in all products fell in Chicago on Apr. 14 in the context of general depression, with the exception of the stock markets which are already in anticipation of the post-crisis, Agritel reports.

"Wheat prices fell despite fears of wheat damage especially in Texas and Oklahoma due to frosts from -4 to -7 degrees," the report reads.

The consultancy adds that corn remains penalized by an ethanol sector in the midst of a crisis.

"Rapeseed prices retreated yesterday in the wake of crude oil and soybeans. The soybean exports to China remain below market expectations and USDA target. The palm prices marked a slight rebound opening this morning, but the market is still depressed," Agritel analysts note.

Wheat prices marked a decrease with the meteorological forecasts showing beneficial rains for the Black Sea area. Even if the precipitations there are not very abundant, they nevertheless should relieve the situation of water deficit.

Previously reported that export quotations for Ukrainian corn on the basis of FOB Odesa are pressed down amidst intense competition in the world market.