Pre-opening 20/09/2018
Paris Chicago
Wheatunch to -0.50 €/t- 3 cents
Cornunch to -1 €- 1 cent
Rapeseedunch to - 1 €
Soybean- 4 cents
Indexes 20/09/2018
€/$1.1769 $
Oil WTI70.8 $/b

Wheat (€/t)
Dec 18202.50+0.00
Mar 19204.75+0.25
May 19205.75+0.50
Sep 19187.00+0.00
Dec 19188.75-0.50
Corn (€/t)
Nov 18176.00+1.00
Jan 19178.50+0.75
Mar 19181.75+0.00
Jun 19185.00-0.25
Aug 19189.75-0.25
Rapeseed (€/t)
Nov 18365.00+1.25
Feb 19366.25+1.75
May 19367.00+1.50
Aug 19358.75+1.75
Nov 19362.00+1.00
Nitrogen solution (€/t)
Nov 18152.00+0.00
Mar 19162.00+0.00
Jun 19162.00+0.00
Sep 19151.00+0.00
Nov 19151.00+0.00

Wheat (€/t)
Dec 18202.50+0.00
Mar 19204.75+0.25
May 19205.75+0.50
Sep 19187.00+0.00
Dec 19188.75-0.50
Corn (€/t)
Nov 18176.00+1.00
Jan 19178.50+0.75
Mar 19181.75+0.00
Jun 19185.00-0.25
Aug 19189.75-0.25
Rapeseed (€/t)
Nov 18365.00+1.25
Feb 19366.25+1.75
May 19367.00+1.50
Aug 19358.75+1.75
Nov 19362.00+1.00
Nitrogen solution (€/t)
Nov 18152.00+0.00
Mar 19162.00+0.00
Jun 19162.00+0.00
Sep 19151.00+0.00
Nov 19151.00+0.00

9/20/2018

Wheat (€/t) : 6270 lots
LotsTypeStrikePrime
10Call Dec 1818716.40
701Call Dec 182026.80 - 7.50
300Call Dec 182114.00
1500Call Mar 1920410.90
50Call Mar 192069.80
100Call Mar 192108.66
300Call Mar 192119.00
300Call Mar 192205.80
1400Call Mar 192303.84 - 4.10
9Call May 1920512.50
1200Put Dec 181800.40
400Put Dec 182026.00
Corn (€/t) : 75 lots
LotsTypeStrikePrime
75Call Nov 181706.62
Rapeseed (€/t) : 555 lots
LotsTypeStrikePrime
100Call Nov 183652.30
2Call Nov 183750.50
100Call Nov 183850.17
2Call Feb 193656.00
157Call Feb 193703.70 - 4.50
100Call Feb 193752.90 - 3.00
3Call May 1936511.61
11Call Aug 19357.512.00 - 14.00
20Call Aug 193708.60
40Put Nov 18352.51.00
20Put Nov 183706.29

9/20/2018

Wheat (€/t) : 6270 lots
LotsTypeStrikePrime
10Call Dec 1818716.40
701Call Dec 182026.80 - 7.50
300Call Dec 182114.00
1500Call Mar 1920410.90
50Call Mar 192069.80
100Call Mar 192108.66
300Call Mar 192119.00
300Call Mar 192205.80
1400Call Mar 192303.84 - 4.10
9Call May 1920512.50
1200Put Dec 181800.40
400Put Dec 182026.00
Corn (€/t) : 75 lots
LotsTypeStrikePrime
75Call Nov 181706.62
Rapeseed (€/t) : 555 lots
LotsTypeStrikePrime
100Call Nov 183652.30
2Call Nov 183750.50
100Call Nov 183850.17
2Call Feb 193656.00
157Call Feb 193703.70 - 4.50
100Call Feb 193752.90 - 3.00
3Call May 1936511.61
11Call Aug 19357.512.00 - 14.00
20Call Aug 193708.60
40Put Nov 18352.51.00
20Put Nov 183706.29

Wheat EU (€/t)
Wheat (¢/b)
Dec 18524.0000-5.0000
Mar 19542.5000-4.0000
May 19553.7500-4.2500
Jul 19556.2500-4.2500
Sep 19565.7500-3.5000
Corn (¢/b)
Dec 18352.5000+0.5000
Mar 19364.7500+0.5000
May 19372.7500+0.5000
Jul 19379.0000+0.2500
Sep 19384.0000+0.0000
Soybean (¢/b)
Nov 18850.2500-6.5000
Jan 19864.0000-6.7500
Mar 19877.0000-6.7500
May 19889.7500-6.7500
Jul 19899.7500-7.0000
Soy meal ($/st)
Oct 18311.4000-2.2000
Dec 18314.4000-2.2000
Jan 19315.3000-2.2000
Mar 19315.2000-2.3000
May 19314.5000-2.2000
Soy oil (¢/lb)
Oct 1827.6000-0.1900
Dec 1827.8600-0.1900
Jan 1928.1100-0.2200
Mar 1928.4200-0.2000
May 1928.7300-0.2100

Wheat EU (€/t)
Wheat (¢/b)
Dec 18524.0000-5.0000
Mar 19542.5000-4.0000
May 19553.7500-4.2500
Jul 19556.2500-4.2500
Sep 19565.7500-3.5000
Corn (¢/b)
Dec 18352.5000+0.5000
Mar 19364.7500+0.5000
May 19372.7500+0.5000
Jul 19379.0000+0.2500
Sep 19384.0000+0.0000
Soybean (¢/b)
Nov 18850.2500-6.5000
Jan 19864.0000-6.7500
Mar 19877.0000-6.7500
May 19889.7500-6.7500
Jul 19899.7500-7.0000
Soy meal ($/st)
Oct 18311.4000-2.2000
Dec 18314.4000-2.2000
Jan 19315.3000-2.2000
Mar 19315.2000-2.3000
May 19314.5000-2.2000
Soy oil (¢/lb)
Oct 1827.6000-0.1900
Dec 1827.8600-0.1900
Jan 1928.1100-0.2200
Mar 1928.4200-0.2000
May 1928.7300-0.2100

9/21/2018

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018220.00+0.00
Blé meunier rendu Rouen - Base Juillet 2018200.00+0.00
Maïs rendu Bordeaux - Base Juillet 2018169.50+0.50
Maïs FOB Rhin - Base Juillet 2018175.00+0.00
Orge fourragère rendu Rouen - Base Juillet 2018201.00+0.50
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018227.00+0.00
Colza FOB Moselle - Flat - Récolte 2018365.00+1.00
Tournesol rendu St Nazaire - Flat - Récolte 2018307.00+0.00
Pois fourragers FOB Creil - Base Août 2018225.00+0.00

9/21/2018

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis220.00+0.00
Wheat delivered Rouen - July 2018 basis200.00+0.00
Corn delivered Bordeaux Spot - July 2018 basis174.00+0.00
Corn FOB Rhin Spot - July 2018 basis175.00+0.00
Feed barley delivered Rouen - July 2018 basis201.00+0.50
Malting barley FOB Creil Spot - July 2018 basis227.00+0.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest365.00+1.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest307.00+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 20/09/2018

European market

On the back of climatic issues both in Australia and in Russia for autumn sowing, wheat prices bounced back sharply yesterday. The market is also underpinned by chartist and technical considerations after the clear breach of 200 €/t on Euronext. To carry on, this dynamic will need further bullish elements, to start with the Russian ability or not to export at the current pace.

The Eurodollar continues to test regularly the 1.17 resistance, traders remain uncertain on the consequences of the current commercial conflict between USA and China on the US economy.

The activity on the international markets is still busy. After Egypt, Syria bought 200 000 t of Russian wheat. South Korea bought a bit more than 120 000 t of corn, optional origin. Turkey on its side, is buying 250 000 t of wheat.

Coceral cut strongly its estimation of wheat production for Europe to 129.9 Mt vs 138.8 Mt estimated in June. The corn output is estimated at 58.9 Mt and the barley at 57.4 Mt. Coceral confirmed also the sharp downward revision of rapeseed now seen at 19.4 Mt vs 21 Mt seen in June.

Corn prices retreated due to large imports in West Europe from Black Sea where prices remain rather cheap due to a good level of crop.

Veg oil market is still bearish, the palm dropped significantly because of an increase of the production and poor exports in Malaysia.

American market

Wheat prices increased sharply yesterday in Chicago after the breach of resistances’ areas. Same scenario in soybean on the back of bargain buying after that prices hit their lowest level since 2008. The US soybean producers’ association expressed its discontent on Trump’s measures against China.

US farmers are currently keeping their soybean, hoping that the conflict will find a favorable issue in coming weeks.

Corn prices did not benefit from the increase of other cereal prices, the corn remains weak due to anticipations of a record yield this season.

Yesterday, funds were net buyers in 9 000 lots of corn, 7 000 lots of soybean and 7 500 lots of wheat.

Black Sea market

In Ukraine and Russia, winter cereals and rapeseed planting works are progressing at a similar pace as last year. Russian producers have achieved half of the objective so far. However, we can note some regional discrepancies. A significant delay is visible in the South district where yields are usually the best. The persisting dryness is hampering a normal progression and producers are monitoring weather forecasts. No precipitations are forecasted for the next 15 days.

In Ukraine, 2 Mha out of the 8 Mha usually seeded before winter are now done. Weather conditions in the area are much more favorable than in Russia.

Live news

Sharp rebound of wheat prices

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