Pre-opening 8/17/2018
Paris Chicago
WheatUnch to -1 €/t-4 cts
CornUnch to -1 €/t-2 cts
RapeseedUnch
Soybean-5 cts
Indexes 17/08/2018
€/$1.1391 $
Oil WTI65.91 $/b

Wheat (€/t)
Sep 18211.50+3.50
Dec 18214.75+4.50
Mar 19215.75+4.25
May 19216.50+4.50
Sep 19197.00+2.25
Corn (€/t)
Nov 18190.00+1.50
Jan 19191.25+0.75
Mar 19195.00+1.00
Jun 19198.00+1.00
Aug 19202.25+2.25
Rapeseed (€/t)
Nov 18383.75+0.75
Feb 19382.25+1.00
May 19382.50+1.50
Aug 19366.75+1.00
Nov 19370.50+1.00
Nitrogen solution (€/t)
Nov 18152.00+0.00
Mar 19162.00+10.00
Jun 19162.00+0.00
Sep 19141.00+0.00
Nov 19141.00+0.00

Wheat (€/t)
Sep 18211.50+3.50
Dec 18214.75+4.50
Mar 19215.75+4.25
May 19216.50+4.50
Sep 19197.00+2.25
Corn (€/t)
Nov 18190.00+1.50
Jan 19191.25+0.75
Mar 19195.00+1.00
Jun 19198.00+1.00
Aug 19202.25+2.25
Rapeseed (€/t)
Nov 18383.75+0.75
Feb 19382.25+1.00
May 19382.50+1.50
Aug 19366.75+1.00
Nov 19370.50+1.00
Nitrogen solution (€/t)
Nov 18152.00+0.00
Mar 19162.00+10.00
Jun 19162.00+0.00
Sep 19141.00+0.00
Nov 19141.00+0.00

8/17/2018

Wheat (€/t) : 4702 lots
LotsTypeStrikePrime
2Call Dec 1817737.93
231Call Dec 1820018.00 - 18.50
54Call Dec 1821011.40
2Call Dec 1821411.22
283Call Dec 182158.50 - 11.80
40Call Dec 182206.00 - 7.00
62Call Dec 182305.00
430Call Dec 182402.00
3Call Mar 1921113.00
2Call Mar 1921315.00
3Call Mar 1921613.70
2Call Mar 192505.00
4Call May 1921114.60
222Call May 1922014.00
200Call Dec 192159.50
1600Put Dec 181620.10
456Put Dec 181630.10
500Put Dec 181640.10
200Put Dec 182003.44
6Put Sep 1919614.20
200Put Dec 191754.20
200Put Dec 1919514.50
Corn (€/t) : 0 lots
LotsTypeStrikePrime
Rapeseed (€/t) : 4 lots
LotsTypeStrikePrime
4Call May 19382.512.80

8/17/2018

Wheat (€/t) : 4702 lots
LotsTypeStrikePrime
2Call Dec 1817737.93
231Call Dec 1820018.00 - 18.50
54Call Dec 1821011.40
2Call Dec 1821411.22
283Call Dec 182158.50 - 11.80
40Call Dec 182206.00 - 7.00
62Call Dec 182305.00
430Call Dec 182402.00
3Call Mar 1921113.00
2Call Mar 1921315.00
3Call Mar 1921613.70
2Call Mar 192505.00
4Call May 1921114.60
222Call May 1922014.00
200Call Dec 192159.50
1600Put Dec 181620.10
456Put Dec 181630.10
500Put Dec 181640.10
200Put Dec 182003.44
6Put Sep 1919614.20
200Put Dec 191754.20
200Put Dec 1919514.50
Corn (€/t) : 0 lots
LotsTypeStrikePrime
Rapeseed (€/t) : 4 lots
LotsTypeStrikePrime
4Call May 19382.512.80

Wheat EU (€/t)
Wheat (¢/b)
Sep 18560.5000+17.7500
Dec 18579.7500+17.2500
Mar 19601.5000+16.7500
May 19611.0000+15.0000
Jul 19596.7500+8.5000
Corn (¢/b)
Sep 18364.2500-0.7500
Dec 18378.7500-0.7500
Mar 19390.7500-0.5000
May 19397.7500-0.7500
Jul 19403.5000-0.5000
Soybean (¢/b)
Sep 18881.5000+1.0000
Nov 18892.7500+0.7500
Jan 19905.0000+0.7500
Mar 19915.5000+0.5000
May 19926.0000-0.2500
Soy meal ($/st)
Sep 18330.1000-3.3000
Oct 18330.7000-3.3000
Dec 18332.4000-3.1000
Jan 19332.0000-2.9000
Mar 19329.1000-2.5000
Soy oil (¢/lb)
Sep 1828.2300+0.1600
Oct 1828.3600+0.1500
Dec 1828.5600+0.1700
Jan 1928.8000+0.1500
Mar 1929.1000+0.1400

Wheat EU (€/t)
Wheat (¢/b)
Sep 18560.5000+17.7500
Dec 18579.7500+17.2500
Mar 19601.5000+16.7500
May 19611.0000+15.0000
Jul 19596.7500+8.5000
Corn (¢/b)
Sep 18364.2500-0.7500
Dec 18378.7500-0.7500
Mar 19390.7500-0.5000
May 19397.7500-0.7500
Jul 19403.5000-0.5000
Soybean (¢/b)
Sep 18881.5000+1.0000
Nov 18892.7500+0.7500
Jan 19905.0000+0.7500
Mar 19915.5000+0.5000
May 19926.0000-0.2500
Soy meal ($/st)
Sep 18330.1000-3.3000
Oct 18330.7000-3.3000
Dec 18332.4000-3.1000
Jan 19332.0000-2.9000
Mar 19329.1000-2.5000
Soy oil (¢/lb)
Sep 1828.2300+0.1600
Oct 1828.3600+0.1500
Dec 1828.5600+0.1700
Jan 1928.8000+0.1500
Mar 1929.1000+0.1400

8/17/2018

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018235.00+0.00
Blé meunier rendu Rouen - Base Juillet 2018209.00+3.00
Maïs rendu Bordeaux - Base Juillet 2018181.00+3.00
Maïs FOB Rhin - Base Juillet 2018188.00+3.00
Orge fourragère rendu Rouen - Base Juillet 2018209.00+2.50
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018247.00+1.00
Colza FOB Moselle - Flat - Récolte 2018380.00+3.00
Tournesol rendu St Nazaire - Flat - Récolte 2018328.00+3.00
Pois fourragers FOB Creil - Base Août 2018225.00+5.00

8/17/2018

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis235.00+0.00
Wheat delivered Rouen - July 2018 basis209.00+3.00
Corn delivered Bordeaux Spot - July 2018 basis186.00+3.00
Corn FOB Rhin Spot - July 2018 basis188.00+3.00
Feed barley delivered Rouen - July 2018 basis209.00+2.50
Malting barley FOB Creil Spot - July 2018 basis247.00+1.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest380.00+3.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest328.00+3.00
Feed peas FOB Creil Spot - August 2018 basis225.00+5.00

Events

Analysis 17/08/2018

European market

Nice price increase on both Euronext and Chicago yesterday, in a context where operators are integrating new discussions between China and the US on one hand, and fundamentals that could prove tense with the decline in cereal production among the main exporting countries for the current season.

In the European markets, prices are also supported by the euro's decline against the dollar, making it possible to find international competitiveness for EU origins. The drop in availability in Europe is accompanied by an excellent quality in wheat, especially for France, allowing to go to challenge the Russian origins on the export market.

On the international scene, the US has sold just over 154,000 t of soybeans to Mexico and 200,000 t of hard wheat to Iraq. Jordan remains tendering to buy wheat.

From a chartist point of view, we note the rebound in wheat prices on Euronext expiry December on the support area of ​​205-206 €/t prompting buyers to reposition themselves on these levels. From a climatic point of view the lack of rainfall and the return of a warm and dry weather expected in Europe next week is starting to cause concern about future planting, especially on rapeseed. Rapeseed prices are also finding support in the firmness of soybean and canola prices.

Corn prices on Euronext also showed firmness, while the lack of rainfall in France will be very detrimental for future production.

American market

Sharp rise in soybean prices yesterday, in a context where negotiations between China and the USA are back on the table. China cannot deal without American origins needing to import around 100 million tons annually, or about 60% of international availability. The South American continent will not be able to meet these needs alone, except to have to import from the USA.

The funds were active yesterday by buying 14,000 lots of corn, 20,000 lots of soybeans and 4,000 lots of wheat.

Wheat also progressed yesterday thanks to good weekly export sales activity in the US and in a context of less availability in the coming months.

To note the firmness of prices in Chicago, despite the rise in the US dollar which penalizes the competitiveness of American origins. This illustrates the tension in the markets, particularly with supported wheat exports from the Black Sea, suggesting that stocks will be tensed at the end of the season in this region.

Black Sea market

The Russian grain quality assessment center is continuing its wheat analyzes and shows a gradual reduction in the share of milling quality in the total harvest. This situation is rather singular because usually, a year of average yields is generally synonymous with good quality. It turns out that the quality obtained this year will be lower than last year, despite a yield reduction by -20%. To date, the proportion of wheat with a protein content above 12% with a gluten content above 23% and a Hagberg fall number above 150 sec is estimated at less than 20 % compared to almost 22 % last year at the same time.

Further deterioration by this institute of Russian quality is expected when new wheat tests from the Central and Volga districts will be published. Indeed, the quality in these regions is somewhat disappointing compared to last year.

Live news

The US dollar is increasing vs other currencies

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