By Augusto Semmelroth | Source: CME, ASX, ICE
The improved seasonal conditions in major growing areas in the US coupled with a more stable political environment in the Ukraine saw grain and oilseed markets fall sharply in May. New crop CME wheat prices plunged $34 month-on-month to A$264/t, while ASX Jan-15 eased $25 on the month to Monday, now at $297/t. New crop ICE canola futures fell $20 month-on-month to $470/t.
What are percentiles?
Percentiles (sometimes called deciles) provide one way of estimating what may happen in the future by looking at what has happened in the past. A percentile is a measure of how often, historically, prices have fallen above or below a particular price level. However, it is important to note that percentiles are not a definitive measure of absolute price ranges. They are just one tool in your market information toolbox, and should be considered in conjunction with the other information you use. Read more about how to interpret percentiles
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