Pre-opening 26/04/2019
Paris Chicago
Wheatunch-1 cent
Cornunchunch
Rapeseed-1€/t
Soybean-4 cents
Indexes 25/04/2019
€/$1.1123 $
Oil WTI65.21 $/b

Wheat (€/t)
May 19182.00+1.00
Sep 19171.75+0.75
Dec 19175.75+0.50
Mar 20179.75+0.50
May 20182.00+0.75
Corn (€/t)
Jun 19164.50+0.75
Aug 19169.00+0.75
Nov 19169.50+0.00
Jan 20172.00+0.00
Mar 20174.00+1.00
Rapeseed (€/t)
May 19365.25+1.75
Aug 19365.25+0.75
Nov 19368.00+0.25
Feb 20370.75+1.25
May 20371.50+1.75
Nitrogen solution (€/t)
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00

Wheat (€/t)
May 19182.00+1.00
Sep 19171.75+0.75
Dec 19175.75+0.50
Mar 20179.75+0.50
May 20182.00+0.75
Corn (€/t)
Jun 19164.50+0.75
Aug 19169.00+0.75
Nov 19169.50+0.00
Jan 20172.00+0.00
Mar 20174.00+1.00
Rapeseed (€/t)
May 19365.25+1.75
Aug 19365.25+0.75
Nov 19368.00+0.25
Feb 20370.75+1.25
May 20371.50+1.75
Nitrogen solution (€/t)
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00

4/25/2019

Wheat (€/t) : 2703 lots
LotsTypeStrikePrime
9Call Sep 191726.30
10Call Sep 191736.00
500Call Sep 191754.25
300Call Sep 191803.00
1Call Sep 191842.00
250Call Sep 191901.46
10Call Sep 191951.40
1000Call Sep 192000.88
40Call Dec 192002.00
500Put Sep 191704.71
1Put Dec 191704.60
2Put Dec 191757.00
80Put Dec 191767.52
Corn (€/t) : 100 lots
LotsTypeStrikePrime
100Put Aug 191601.27
Rapeseed (€/t) : 462 lots
LotsTypeStrikePrime
20Call Aug 193752.20
2Call Nov 193708.80
400Call Nov 193804.51
20Call Nov 193902.40
20Put Aug 193604.00

4/25/2019

Wheat (€/t) : 2703 lots
LotsTypeStrikePrime
9Call Sep 191726.30
10Call Sep 191736.00
500Call Sep 191754.25
300Call Sep 191803.00
1Call Sep 191842.00
250Call Sep 191901.46
10Call Sep 191951.40
1000Call Sep 192000.88
40Call Dec 192002.00
500Put Sep 191704.71
1Put Dec 191704.60
2Put Dec 191757.00
80Put Dec 191767.52
Corn (€/t) : 100 lots
LotsTypeStrikePrime
100Put Aug 191601.27
Rapeseed (€/t) : 462 lots
LotsTypeStrikePrime
20Call Aug 193752.20
2Call Nov 193708.80
400Call Nov 193804.51
20Call Nov 193902.40
20Put Aug 193604.00

Wheat (¢/b)
May 19434.7500+1.5000
Jul 19441.5000+0.7500
Sep 19449.2500+1.0000
Dec 19466.0000+0.7500
Mar 20482.0000+1.7500
Corn (¢/b)
May 19347.5000+1.2500
Jul 19357.2500+1.0000
Sep 19365.5000+1.0000
Dec 19377.2500+0.7500
Mar 20392.5000+0.5000
Soybean (¢/b)
May 19859.2500-3.5000
Jul 19872.7500-3.5000
Aug 19878.7500-3.5000
Sep 19884.0000-3.2500
Nov 19893.2500-3.5000
Soy meal ($/st)
May 19306.0000-2.7000
Jul 19309.6000-2.6000
Aug 19310.5000-2.6000
Sep 19311.7000-2.6000
Oct 19312.2000-2.6000
Soy oil (¢/lb)
May 1927.6400-0.1200
Jul 1927.9400-0.1300
Aug 1928.0800-0.1200
Sep 1928.2400-0.1500
Oct 1928.3800-0.1600

Wheat (¢/b)
May 19434.7500+1.5000
Jul 19441.5000+0.7500
Sep 19449.2500+1.0000
Dec 19466.0000+0.7500
Mar 20482.0000+1.7500
Corn (¢/b)
May 19347.5000+1.2500
Jul 19357.2500+1.0000
Sep 19365.5000+1.0000
Dec 19377.2500+0.7500
Mar 20392.5000+0.5000
Soybean (¢/b)
May 19859.2500-3.5000
Jul 19872.7500-3.5000
Aug 19878.7500-3.5000
Sep 19884.0000-3.2500
Nov 19893.2500-3.5000
Soy meal ($/st)
May 19306.0000-2.7000
Jul 19309.6000-2.6000
Aug 19310.5000-2.6000
Sep 19311.7000-2.6000
Oct 19312.2000-2.6000
Soy oil (¢/lb)
May 1927.6400-0.1200
Jul 1927.9400-0.1300
Aug 1928.0800-0.1200
Sep 1928.2400-0.1500
Oct 1928.3800-0.1600

4/26/2019

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018210.00+0.00
Blé meunier rendu Rouen - Base Juillet 2018175.50+0.00
Maïs rendu Bordeaux - Base Juillet 2018153.00+0.00
Maïs FOB Rhin - Base Juillet 2018147.00+0.00
Orge fourragère rendu Rouen - Base Juillet 2018156.00+0.00
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018170.00+0.00
Colza FOB Moselle - Flat - Récolte 2018367.00+2.00
Tournesol rendu St Nazaire - Flat - Récolte 2018330.00+0.00
Pois fourragers FOB Creil - Base Août 2018185.00+0.00

4/26/2019

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis210.00+0.00
Wheat delivered Rouen - July 2018 basis175.50+0.00
Corn delivered Bordeaux Spot - July 2018 basis158.00+0.00
Corn FOB Rhin Spot - July 2018 basis147.00+0.00
Feed barley delivered Rouen - July 2018 basis156.00+0.00
Malting barley FOB Creil Spot - July 2018 basis170.00+0.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest367.00+2.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest330.00+0.00
Feed peas FOB Creil Spot - August 2018 basis185.00+0.00
Analysis 26/04/2019

European market

The markets were consolidating a little yesterday, after the sharp decline in recent weeks, supported in part by the weakness of the euro, displaying this morning at 1.1140 against the dollar.

Not surprisingly, the IGC has revised its forecast of global wheat production to 762 Mt from 735 Mt of last year, leading to an upward revision of its stock estimate for the end of 2019/2020 to 274 Mt against 264 Mt estimated for the end of the current campaign. In corn, world production 2019/2020 is estimated at 1.125 billion t against 1.118 of this year. The ending stocks for next year are estimated at 275 Mt, down from 311 Mt of this year. In soybean world production for next year is estimated at 361 Mt, close to the production of this year.

On the international scene, Tunisia has bought 92 000 t of milling wheat. Saudi Arabia has launched a call for tenders for the purchase of 600 000 t of wheat, for deliveries between July and September, for the new harvest.

Rapeseed prices were rebounding slightly in the wake of canola yesterday, while palm prices are still yielding ground, in a context of production higher than expected.

Crude oil prices remain firm at 64.9 $/barrel. The operators are expecting OPEC to increase production, to partly compensate for the decline in Iranian exports.

American market

The very slight rebound was registered yesterday on commodities in a general context that remains bearish.

Despite weather conditions that remain wet on the Corn Belt, operators still do not panic despite the accentuating delay in planting. Potential yield losses would only become significant after May 10th.

Weekly exports were in line with expectations, at 651,500 t in wheat, 782,900 t in corn and 619,000 t in soybeans.

The funds were net buyers yesterday for 12,500 lots of corn, 7,000 lots of soybean and 3,500 lots of wheat.

Black Sea market

According to the Ukrainian Ministry of Agriculture, the country has exported 41.2 Mt of cereals since the beginning of the 2018/19 season, an increase of 24% compared to last year at the same period. This increase is mainly due to the volume of corn exported (23 Mt). Ukraine also exported 14.1 Mt of wheat and 3.3 Mt of barley.

In Kazakhstan, the Senate passed the law on the agreement to create a free trade zone between the Eurasian Economic Union and Iran. The countries have signed an agreement to reduce import duties for three years. Kazakhstan annually exports about 1.5 Mt of barley to Iran. The reduction in tariffs will affect other cereals, oilseeds, and beans exported from Kazakhstan. However, Kazakhstan could not reach an agreement with Iran on wheat exports. Overall, Kazakhstan exported 2.8 Mt of wheat in September-January 2018/19, 25% more than in the 2017/18 season at the same time (2.2 Mt) and 43% more than the five-year average (1.9 Mt). 

Live news

Slight rebound in Chicago

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