Wheat Price (Global) in 2015
Wheat Price (Global) opened 2015 at 213.02 and closed at 163.89, a -23.06% move for the year. The high of 213.02 was reached on January 1, and the low of 157.8 on November 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 213.02 | 213.02 | 213.02 | 213.02 | +0.00% |
| Feb | 201.74 | 201.74 | 201.74 | 201.74 | +0.00% |
| Mar | 202.69 | 202.69 | 202.69 | 202.69 | +0.00% |
| Apr | 195.93 | 195.93 | 195.93 | 195.93 | +0.00% |
| May | 193.22 | 193.22 | 193.22 | 193.22 | +0.00% |
| Jun | 199.84 | 199.84 | 199.84 | 199.84 | +0.00% |
| Jul | 199.22 | 199.22 | 199.22 | 199.22 | +0.00% |
| Aug | 173.52 | 173.52 | 173.52 | 173.52 | +0.00% |
| Sep | 164.07 | 164.07 | 164.07 | 164.07 | +0.00% |
| Oct | 165.45 | 165.45 | 165.45 | 165.45 | +0.00% |
| Nov | 157.8 | 157.8 | 157.8 | 157.8 | +0.00% |
| Dec | 163.89 | 163.89 | 163.89 | 163.89 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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