Pre-opening 19/10/2018
Paris Chicago
Wheatunch to + 1 €+ 1 cent
Cornunch- 1 cent
Rapeseedunch
Soybeanunch
Indexes 19/10/2018
€/$1.147 $
Oil WTI69.12 $/b

Wheat (€/t)
Dec 18201.25+0.00
Mar 19204.00+0.00
May 19205.75+0.00
Sep 19189.50+0.00
Dec 19191.75+0.25
Corn (€/t)
Nov 18168.50-0.50
Jan 19172.50+0.00
Mar 19176.25+0.00
Jun 19180.00-0.50
Aug 19184.00-1.50
Rapeseed (€/t)
Nov 18373.25+2.50
Feb 19378.50+2.50
May 19378.25+2.25
Aug 19372.00+1.75
Nov 19376.00+1.75
Nitrogen solution (€/t)
Mar 19240.00+20.00
Jun 19220.00+0.00
Sep 19220.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00

Wheat (€/t)
Dec 18201.25+0.00
Mar 19204.00+0.00
May 19205.75+0.00
Sep 19189.50+0.00
Dec 19191.75+0.25
Corn (€/t)
Nov 18168.50-0.50
Jan 19172.50+0.00
Mar 19176.25+0.00
Jun 19180.00-0.50
Aug 19184.00-1.50
Rapeseed (€/t)
Nov 18373.25+2.50
Feb 19378.50+2.50
May 19378.25+2.25
Aug 19372.00+1.75
Nov 19376.00+1.75
Nitrogen solution (€/t)
Mar 19240.00+20.00
Jun 19220.00+0.00
Sep 19220.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00

10/19/2018

Wheat (€/t) : 950 lots
LotsTypeStrikePrime
200Call Mar 192057.35
200Call Mar 192105.70
200Call Mar 192154.34
150Put Dec 182002.18
200Put Mar 191953.34
Corn (€/t) : 50 lots
LotsTypeStrikePrime
50Put Jan 191702.31
Rapeseed (€/t) : 6 lots
LotsTypeStrikePrime
3Call May 1938010.60
3Put Feb 193808.27

10/19/2018

Wheat (€/t) : 950 lots
LotsTypeStrikePrime
200Call Mar 192057.35
200Call Mar 192105.70
200Call Mar 192154.34
150Put Dec 182002.18
200Put Mar 191953.34
Corn (€/t) : 50 lots
LotsTypeStrikePrime
50Put Jan 191702.31
Rapeseed (€/t) : 6 lots
LotsTypeStrikePrime
3Call May 1938010.60
3Put Feb 193808.27

Wheat (¢/b)
Dec 18514.7500+0.7500
Mar 19534.2500+0.5000
May 19547.0000+0.5000
Jul 19552.7500+0.5000
Sep 19562.5000-0.5000
Corn (¢/b)
Dec 18367.0000-4.5000
Mar 19379.5000-4.5000
May 19387.0000-4.2500
Jul 19392.7500-4.2500
Sep 19394.5000-3.7500
Soybean (¢/b)
Nov 18856.7500-7.2500
Jan 19870.5000-7.5000
Mar 19883.5000-7.5000
May 19897.0000-7.0000
Jul 19907.5000-6.2500
Soy meal ($/st)
Dec 18313.1000-3.2000
Jan 19315.1000-3.2000
Mar 19314.6000-3.1000
May 19312.9000-3.0000
Jul 19313.4000-2.7000
Soy oil (¢/lb)
Dec 1829.1400+0.1100
Jan 1929.3800+0.1100
Mar 1929.6200+0.1200
May 1929.8900+0.1100
Jul 1930.1500+0.0900

Wheat (¢/b)
Dec 18514.7500+0.7500
Mar 19534.2500+0.5000
May 19547.0000+0.5000
Jul 19552.7500+0.5000
Sep 19562.5000-0.5000
Corn (¢/b)
Dec 18367.0000-4.5000
Mar 19379.5000-4.5000
May 19387.0000-4.2500
Jul 19392.7500-4.2500
Sep 19394.5000-3.7500
Soybean (¢/b)
Nov 18856.7500-7.2500
Jan 19870.5000-7.5000
Mar 19883.5000-7.5000
May 19897.0000-7.0000
Jul 19907.5000-6.2500
Soy meal ($/st)
Dec 18313.1000-3.2000
Jan 19315.1000-3.2000
Mar 19314.6000-3.1000
May 19312.9000-3.0000
Jul 19313.4000-2.7000
Soy oil (¢/lb)
Dec 1829.1400+0.1100
Jan 1929.3800+0.1100
Mar 1929.6200+0.1200
May 1929.8900+0.1100
Jul 1930.1500+0.0900

10/19/2018

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018205.00+0.00
Blé meunier rendu Rouen - Base Juillet 2018198.00-1.00
Maïs rendu Bordeaux - Base Juillet 2018164.00-2.00
Maïs FOB Rhin - Base Juillet 2018172.00+0.00
Orge fourragère rendu Rouen - Base Juillet 2018202.00-1.50
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018220.00-1.00
Colza FOB Moselle - Flat - Récolte 2018370.00-2.50
Tournesol rendu St Nazaire - Flat - Récolte 2018305.00+0.00
Pois fourragers FOB Creil - Base Août 2018225.00+0.00

10/19/2018

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis205.00+0.00
Wheat delivered Rouen - July 2018 basis198.00-1.00
Corn delivered Bordeaux Spot - July 2018 basis169.00-1.00
Corn FOB Rhin Spot - July 2018 basis172.00+0.00
Feed barley delivered Rouen - July 2018 basis202.00-1.50
Malting barley FOB Creil Spot - July 2018 basis220.00-1.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest370.00-2.50
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest305.00+0.00
Feed peas FOB Creil Spot - August 2018 basis225.00+0.00

Events

  • Agritel at the Euro. Commodities Exchange - Rouen
    25-26 Oct
  • Paris Grain Day
    31 Jan-01 Feb
Analysis 19/10/2018

European market

Markets retreated again yesterday on all products in a gloomy world economic context mainly fueled by trade tensions.

The uncertainties created by Donald Trump’s decisions and an unsettled situation in Europe with the Italian budget and the deadlock of the Brexit are raising investors’ concerns.

The business on the international market is quite subdued, however, we can note the purchase of about 128 000 t of milling wheat by Japan, sourced as usual by USA, Canada and Australia. In this context of high trade tensions, US sales for all products are running out of steam and this is weighing on prices in Chicago. In France, corn imports by industrial from Eastern countries are stirring controversy as it could create conflicts of interest between producers and users.

Morocco announced a drop of its import tariffs for the wheat from 135% to 30% from the 1st of November. Morocco implement high import taxes during summer to protect local producers.

From a climatic point of view, high temperatures currently in place in France added to an historical hydric deficit are increasingly worrying producers for autumn plantings. This is already creating germination and weeding issues.

In oilseeds, the rapeseed declined following other veg oils and the crude oil despite a significant European drop of surfaces for the next campaign.

American market

Sharp decline of prices on all products in Chicago, the most affected market has been the soybean.

The drop of soybean prices is always the consequence of the 25% Chinese tariffs on US origins. The market has now integrated this system as US origin prices delivered in the Chinese ports are below South American origins, the difference is representing the amount of the tax. This situation is beneficial for South American producers at the expense of US farmers.

Weekly US exports have sharply dropped to 295 600 t for the soybean and to 382 500 t for the corn, well below market anticipations. Only wheat exports were in line with expectations at 476 000 t.

Funds were net sellers in 10 000 lots of corn, 11 500 lots of soybean and 3 500 lots of wheat.

Black Sea market

The wheat harvest is almost finished in the Federation of Russia. 26.15 Mha have been cut out o f a total of 26.54 Mha forecasted by the Ag Minister. There are only 2% non-harvested surfaces left in Ural and 5% in Siberia. As every year, weather conditions will probably not permit to achieve the works. By the end, the wheat production should amount to about 70 Mt in net weight. Concerning spring crops, the corn harvest is achieved up to 65%, representing a quicker progression than last year. Yields are rising progressively, the good results recorded in central regions are more than compensating the low yields observed in the south. The average corn yield is representing 46.2 q/ha vs 47.3 last year to date. For the sunflower, after that 70% of the crop has been harvested, yields are slightly over those of last year with good results in the center regions and in Volga. Sunflower prices are under pressure due to better results in Russia and high yields in Ukraine.

Live news

Rise of the dollar and drop of crude oil

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