Revista de Economie Mondială (Oct 2013)
Market Situation for Wheat during the Period 2005 to 2013
Abstract
Over the 2005-2013 timeframe, the wheat world market has witnessed an upward trend of quotations at the main stock exchanges in the United States and Europe, while all other agricultural raw materials have seen fluctuations in prices, caused by the global economic crisis. An important influence on the evolution of quotations had the fundamental factors (production, consumption, trade) specific to that product. This paper examines the influences which led to the wheat quotes trends at The Chicago Board of Trade, The London International Financial Futures Exchange and MATIF Futures Exchange (Paris), identifying characteristics of the international market in the period 2005-2012 as a whole, but also a thorough approach of the situation in the year 2013. Also, the second section analyzes the fundamentals of the world wheat market, the main producing, consuming, importing and exporting countries in the agricultural seasons. In addition, a distinct point is represented by the analysis of the wheat market in Romania, both from the prices point of view, and fundamental factors.
