Pre-opening 14/12/2018
Paris Chicago
Wheatunch to -0.50 €/t- 4 cents
Cornunch- 1 cent
Rapeseedunch to - 1 €
Soybean- 4 cents
Indexes 14/12/2018
€/$1.1285 $
Oil WTI51.2 $/b

Wheat (€/t)
Mar 19206.75-0.75
May 19207.75-0.50
Sep 19190.50+0.00
Dec 19192.25+0.25
Mar 20194.00-0.25
Corn (€/t)
Jan 19175.50-1.50
Mar 19177.50-1.25
Jun 19181.50-0.75
Aug 19185.50+0.25
Nov 19175.25-0.25
Rapeseed (€/t)
Feb 19369.50+0.00
May 19369.50+0.00
Aug 19366.00-0.75
Nov 19369.00-1.25
Feb 20369.75-1.25
Nitrogen solution (€/t)
Mar 19240.00+0.00
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00

Wheat (€/t)
Mar 19206.75-0.75
May 19207.75-0.50
Sep 19190.50+0.00
Dec 19192.25+0.25
Mar 20194.00-0.25
Corn (€/t)
Jan 19175.50-1.50
Mar 19177.50-1.25
Jun 19181.50-0.75
Aug 19185.50+0.25
Nov 19175.25-0.25
Rapeseed (€/t)
Feb 19369.50+0.00
May 19369.50+0.00
Aug 19366.00-0.75
Nov 19369.00-1.25
Feb 20369.75-1.25
Nitrogen solution (€/t)
Mar 19240.00+0.00
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00

12/14/2018

Wheat (€/t) : 3714 lots
LotsTypeStrikePrime
160Call Mar 192084.90 - 5.00
301Call Mar 192104.90
802Call Mar 192202.00
51Call May 192087.80
2Call May 192098.00
4Call Sep 191967.30
200Call Dec 1919310.31
200Call Dec 192065.87
250Put Mar 191850.37
600Put Mar 192001.59
4Put Mar 192022.20
200Put Mar 192032.53
500Put Mar 192053.40
200Put Mar 192085.21
8Put May 191500.10
32Put May 192107.00 - 7.20
200Put Dec 191774.47
Corn (€/t) : 2 lots
LotsTypeStrikePrime
1Call Jan 191742.70
1Call Mar 191784.00
Rapeseed (€/t) : 0 lots
LotsTypeStrikePrime

12/14/2018

Wheat (€/t) : 3714 lots
LotsTypeStrikePrime
160Call Mar 192084.90 - 5.00
301Call Mar 192104.90
802Call Mar 192202.00
51Call May 192087.80
2Call May 192098.00
4Call Sep 191967.30
200Call Dec 1919310.31
200Call Dec 192065.87
250Put Mar 191850.37
600Put Mar 192001.59
4Put Mar 192022.20
200Put Mar 192032.53
500Put Mar 192053.40
200Put Mar 192085.21
8Put May 191500.10
32Put May 192107.00 - 7.20
200Put Dec 191774.47
Corn (€/t) : 2 lots
LotsTypeStrikePrime
1Call Jan 191742.70
1Call Mar 191784.00
Rapeseed (€/t) : 0 lots
LotsTypeStrikePrime

Wheat (¢/b)
Mar 19530.0000-6.0000
May 19536.5000-5.0000
Jul 19542.7500-4.5000
Sep 19549.7500-4.7500
Dec 19560.7500-4.7500
Corn (¢/b)
Mar 19384.7500+0.5000
May 19392.2500+0.5000
Jul 19398.7500+0.2500
Sep 19400.0000+0.0000
Dec 19403.7500+0.7500
Soybean (¢/b)
Jan 19900.5000-7.0000
Mar 19913.7500-6.7500
May 19927.0000-7.0000
Jul 19938.7500-7.2500
Aug 19943.0000-6.2500
Soy meal ($/st)
Jan 19307.3000-1.1000
Mar 19311.6000-1.4000
May 19315.4000-1.4000
Jul 19319.1000-1.5000
Aug 19320.7000-1.6000
Soy oil (¢/lb)
Jan 1928.4900-0.3900
Mar 1928.7600-0.3800
May 1929.0400-0.3600
Jul 1929.3200-0.3700
Aug 1929.4600-0.3300

Wheat (¢/b)
Mar 19530.0000-6.0000
May 19536.5000-5.0000
Jul 19542.7500-4.5000
Sep 19549.7500-4.7500
Dec 19560.7500-4.7500
Corn (¢/b)
Mar 19384.7500+0.5000
May 19392.2500+0.5000
Jul 19398.7500+0.2500
Sep 19400.0000+0.0000
Dec 19403.7500+0.7500
Soybean (¢/b)
Jan 19900.5000-7.0000
Mar 19913.7500-6.7500
May 19927.0000-7.0000
Jul 19938.7500-7.2500
Aug 19943.0000-6.2500
Soy meal ($/st)
Jan 19307.3000-1.1000
Mar 19311.6000-1.4000
May 19315.4000-1.4000
Jul 19319.1000-1.5000
Aug 19320.7000-1.6000
Soy oil (¢/lb)
Jan 1928.4900-0.3900
Mar 1928.7600-0.3800
May 1929.0400-0.3600
Jul 1929.3200-0.3700
Aug 1929.4600-0.3300

12/14/2018

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018215.00+0.00
Blé meunier rendu Rouen - Base Juillet 2018203.50+1.50
Maïs rendu Bordeaux - Base Juillet 2018175.00+2.00
Maïs FOB Rhin - Base Juillet 2018176.00+1.00
Orge fourragère rendu Rouen - Base Juillet 2018204.00+1.00
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018211.00+1.00
Colza FOB Moselle - Flat - Récolte 2018372.50+0.00
Tournesol rendu St Nazaire - Flat - Récolte 2018305.00+0.00
Pois fourragers FOB Creil - Base Août 2018216.00+0.00

12/14/2018

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis215.00+0.00
Wheat delivered Rouen - July 2018 basis203.50+1.50
Corn delivered Bordeaux Spot - July 2018 basis179.00+1.50
Corn FOB Rhin Spot - July 2018 basis176.00+1.00
Feed barley delivered Rouen - July 2018 basis204.00+1.00
Malting barley FOB Creil Spot - July 2018 basis211.00+1.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest372.50+0.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest305.00+0.00
Feed peas FOB Creil Spot - August 2018 basis216.00+0.00

Events

  • Paris Grain Day
    31 Jan-01 Feb
Analysis 14/12/2018

European market

Cereals’ markets progressed significantly, especially on the wheat, after the release of US export figures showing that American cereals are progressively replacing Black Sea origins on the international stage.

Furthermore, the breach of the chartist resistance of 207 €/t on the March 2018 delivery of Euronext is suggesting that the move could last with some phases of consolidation of course.

The market also benefitted from the announcement of a meeting between the Agriculture Ministry of Russia and main exporters of the country on the 21st of December. This is provoking speculations, including a reduction of the export activity that has been extremely busy until recently in Russia.

China said to have produce 257.3 Mt of corn in 2018, a bit less than the 259 Mt of 2017. Considering the difficulties to gather information in the country, these figures are questionable.

Euro prices are in small evolution, yesterday in its monetary policy, the ECB confirmed the end of the asset purchases program, suggesting that a good part of the accommodative policy is now over. The crude oil rebounded a bit after the release of lower weekly US stocks.

USA said to have sold 1.3 Mt of soybean to China, resuming the business with its main customer. However, doubts remain on the sustainability of these purchases considering existing tensions.

The rapeseed is struggling to perform in a context of limited rebound of crude oil and depressed veg oils.

American market

Good performance of the wheat yesterday on the CBOT, prices have been boosted by a good export weekly figure of 754 000 t, above traders’ expectations. This is the highest weekly number from the start of this marketing year.

The market is also benefitting from the progression of Black Sea prices, reflected by higher levels recorded at the last Egyptian tender (+5 to 6 $/t).

On the other way round, corn weekly export figure was a bit disappointing. For the soybean, the market remains suspended to the level of export business to China. Despite an announcement of a sale of 1.13 Mt, sales are well below previous years’ level. This could increase in dramatic proportions the ending stocks in USA just before the arrival of the Brazilian harvest.

Funds were net buyers of 6 000 lots of wheat and net sellers in 3 500 lots of corn and 9 000 lots of soybean.

Black Sea market

Tensions between Russian and Ukrainian authorities about the ship traffic through the Kerch strait remain high. The two main losers of this conflict are the Ukrainian ports of Berdiansk and Mariupol. In theory, war and civilian vessels of the two countries are allowed to navigate freely in this area, but the Crimea annexation has modified the rules. The construction of the bridge linking Russia to the city of Kerch has modified the conditions of navigation as the air draft is limited to 33 meters, blocking 20% of the Ukrainian ships going from or to Mariupol. Port authorities of Berdiansk and Mariupol are also saying that increased customs controls in Azov Sea are sometimes delaying the traffic by a few days. From 2014, the volume of goods dealt by the two Ukrainian ports has plunged by -40%, below 9 Mt. Less than 5% of the Ukrainian cereal’s exports are using this way. On the other way round, the bridge has boosted the Russian activity.

Live news

ECB ends the quantitative easing

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