Pre-opening 18/01/2017
Paris Chicago
Wheatunch.unch.
Cornunch.unch.
Rapeseedunch. to - 1€/t
Soybean- 4 cents
Indexes 17/01/2017
€/$1.0684 $
Oil WTI52.48 $/b

Wheat (€/t)
Mar 17170.75-1.00
May 17173.00-1.00
Sep 17175.00-1.25
Dec 17176.50-0.75
Mar 18179.00-1.25
Corn (€/t)
Mar 17169.00+0.50
Jun 17171.25+0.50
Aug 17174.75+0.75
Nov 17171.25+0.00
Jan 18170.75+2.50
Rapeseed (€/t)
Feb 17418.75-0.50
May 17416.50-0.75
Aug 17389.25-0.50
Nov 17391.00-0.75
Feb 18392.00-0.50
Nitrogen solution (€/t)
Mar 17171.00+0.00
Jun 17154.00+0.00
Sep 17153.50+0.00
Nov 17153.00+0.00
Mar 18153.00+0.00

17/01/2017

Wheat (€/t) : 1609 lots
LotsTypeStrikePrime
18Call Mar 171656.20
2Call Mar 171665.50
3Call Mar 171722.10
1Call May 171706.80
10Call Sep 1717011.50
150Call Sep 1717210.33
150Call Sep 171855.56
75Call Dec 1717511.20
75Call Dec 171906.04
250Call Mar 1817513.75
300Put May 171631.75
150Put Sep 171531.32
150Put Sep 171582.25
275Put Dec 171603.50
Corn (€/t) : 0 lots
LotsTypeStrikePrime
Rapeseed (€/t) : 645 lots
LotsTypeStrikePrime
1Call May 17367.549.08
2Call May 1737045.50
1Call May 1738037.40
4Call May 1739027.80
2Call May 1740021.00
25Call May 17412.512.18
2Call May 17417.510.10
140Call May 174257.00
1Call Aug 1736031.50
2Call Aug 1737520.00 - 20.53
200Call Aug 17382.516.16
40Call Aug 174106.19
200Call Aug 17412.55.61
25Put May 174003.50

Wheat EU (€/t)
Mar 17174.2500+0.5000
May 17176.2500+0.5000
Sep 17171.2500+0.7500
Dec 17174.7500+0.2500
Mar 18176.5000+0.2500
Wheat (¢/b)
Mar 17433.5000-3.5000
May 17448.2500-3.7500
Jul 17463.2500-3.2500
Sep 17478.7500-2.7500
Dec 17496.0000-3.0000
Corn (¢/b)
Mar 17365.5000-1.2500
May 17372.7500-1.2500
Jul 17380.0000-1.5000
Sep 17386.2500-1.7500
Dec 17392.5000-1.5000
Soybean (¢/b)
Mar 171069.2500+5.0000
May 171078.0000+4.7500
Jul 171083.2500+3.5000
Aug 171075.7500+5.0000
Sep 171048.7500+5.7500
Soy meal ($/st)
Mar 17348.8000+1.7000
May 17350.2000+1.9000
Jul 17350.1000+1.4000
Aug 17345.7000+1.7000
Sep 17340.6000+2.4000
Soy oil (¢/lb)
Mar 1735.5600+0.0800
May 1735.8000+0.0600
Jul 1736.0200+0.0500
Aug 1735.9200-0.0100
Sep 1735.7700+0.0000

18/01/2017

Physical (€/t)
Durum 2015240.00+0.00
Wheat Delivered Rouen 2016171.00+2.00
Corn Fob Bordeaux 2015168.00+1.00
Corn Fob Rhin 2015170.00+0.00
Feed barley Delivered Rouen 2016144.00+1.00
Malting barley Fob Creil 2016189.00-1.00
Rapessed Fob Moselle - Flat421.00+0.00
Sunseed Delivered St Nazaire - Flat390.00+0.00
Feed peas Fob Creil 2016220.00+0.00
Analysis 18/01/2017

European market

Markets displayed a positive trend yesterday, for cereals as well as for oilseeds. Poor weather conditions in Argentina are creating strong concerns about a decrease in soybean production while the soy meal quotations have strongly increased in the last few days. Regarding cereals, the cold spell is generating some short covering even though significant damage on crops has not been observed since temperatures remain acceptable and snow cover is still substantial.

Financial markets are nervous before the inauguration of Donald Trump this Friday. Important changes in interest rates and on currencies are not to be ruled out in the next few weeks. Crude oil prices are evolving in a narrow tunnel since the agreement on production freeze is not entirely respected by certain OPEC members.

On the international scene, Morocco has approved the importation of 359 998 t of American wheat at preferential rates. The US have also sold 102 944 t of corn to an unknown destination.

High trade volumes were registered yesterday on the futures market, with 43 000 contracts on Euronext and 1 409 contracts of CME EU-wheat. Also oilseed traders were busy yesterday, considering extensive short-covering.

American market

CBoT-soybean prices continued with their increase yesterday. Markets are pricing a potential loss of production in Argentina triggered by excessive precipitation in the last days.

Crushing activity is currently slowing down which is implying a lack of soy meal supply. Prices for the latter rallied along with soybean prices, while soy oil prices remained stable.

The fund’s activity was equally supportive with net purchases of 19 000 lots of corn, 17 000 lots of soybean, and 5 000 lots of wheat.

According to the USDA, export inspections were in line with expectations for wheat and corn and outperformed market expectations for soybean.

Black Sea market

According to Russian agro-meteorological services, the cold spell from ten days ago did not have a considerable impact on crop conditions. Winter crops did enter the dormancy period in a slightly more developed stage, compared to the year before. Only 3% of the fields were judged not to be in a good condition before winter while it was 9% in 2015.

Currently, temperatures in Russia and Ukraine drop down to -15°C while snow cover should still be sufficient to protect crops.

Live news

Euro / Dollar increases up to 1.07 $/€