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Measuring WheatMeasuring-Wheat-Futures_Oil-Prices_Seminar_ICCM_16012014 Futures_Oil Prices_Seminar_ICCM_16012014

One of the biggest events of this week will be the release of US labor market statistics that markets are expecting for Friday. If strong data on the nonfarm payroll comes out, it could cause an abandonment of risky assets, as the chances of the Fed discussing the proposed QE cut could increase at the next meeting. But weak numbers, lower than the 600 000 -700 000 jobs, will argue in favor of a longer period of economic stimulus. Towards the end of the semester, we can see a rather positive situation: Asian indices have made up for yesterday’s failure, and commodities are reducing the amplitude of fluctuations. Oil prices have stabilized after falling from 3-year highs of above $ 76 per barrel for Brent. September’s futures contract could reach $ 75 thanks to US crude oil inventory statistics. According to API, reserves decreased by another 8 million barrels. As for agricultural markets, from March 1 to June 30, an export duty on wheat was imposed by the Russian authorities in the amount of 50 euros per tonne. From March 15 to June 30, duties were also set for corn – 25 euros per tonne, for barley – 10 euros per tonne. This was a supply within the quota equal to 17.5 million tonnes. Grain exports from the Russian Federation in excess of the quota will be subject to a duty of 50% of the customs value, but not less than 100 euros per tonne. Since June 2, a floating duty mechanism has been launched in which the duty on the export of wheat from the Russian Federation will be levied if the stock price reaches $ 200 per tonne, in which case the duty will be 70% of the difference between $ 200 and the contract price at casino games at duelz. .