Pre-opening 22/03/2019
Paris Chicago
Wheatunchunch
Cornunch to + 1 €+ 2 cents
Rapeseedunch to + 1 €
Soybean+ 1 cent
Indexes 22/03/2019
€/$1.1302 $
Oil WTI59.04 $/b

Wheat (€/t)
May 19189.50+0.50
Sep 19177.50+1.00
Dec 19180.75+0.75
Mar 20184.25+0.75
May 20185.75+0.50
Corn (€/t)
Jun 19170.50+0.00
Aug 19174.00+0.00
Nov 19171.75+1.50
Jan 20173.50+0.75
Mar 20178.00+0.50
Rapeseed (€/t)
May 19357.75-1.75
Aug 19360.75-1.25
Nov 19365.50+0.00
Feb 20369.00+0.00
May 20369.50-0.25
Nitrogen solution (€/t)
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00

Wheat (€/t)
May 19189.50+0.50
Sep 19177.50+1.00
Dec 19180.75+0.75
Mar 20184.25+0.75
May 20185.75+0.50
Corn (€/t)
Jun 19170.50+0.00
Aug 19174.00+0.00
Nov 19171.75+1.50
Jan 20173.50+0.75
Mar 20178.00+0.50
Rapeseed (€/t)
May 19357.75-1.75
Aug 19360.75-1.25
Nov 19365.50+0.00
Feb 20369.00+0.00
May 20369.50-0.25
Nitrogen solution (€/t)
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00

3/22/2019

Wheat (€/t) : 3116 lots
LotsTypeStrikePrime
50Call May 191903.70
2Call May 191913.00
100Call Sep 191777.73
500Call Sep 191787.37
18Call Sep 191797.05
400Call Sep 191894.62
305Call Dec 191906.20
400Put Sep 191672.61
36Put Sep 191714.09
500Put Sep 191777.23
500Put Sep 191787.87
300Put Dec 191673.29
1Put May 2018510.40
4Put May 2018611.20
Corn (€/t) : 0 lots
LotsTypeStrikePrime
Rapeseed (€/t) : 55 lots
LotsTypeStrikePrime
5Call Nov 193659.99
50Put May 193502.00

3/22/2019

Wheat (€/t) : 3116 lots
LotsTypeStrikePrime
50Call May 191903.70
2Call May 191913.00
100Call Sep 191777.73
500Call Sep 191787.37
18Call Sep 191797.05
400Call Sep 191894.62
305Call Dec 191906.20
400Put Sep 191672.61
36Put Sep 191714.09
500Put Sep 191777.23
500Put Sep 191787.87
300Put Dec 191673.29
1Put May 2018510.40
4Put May 2018611.20
Corn (€/t) : 0 lots
LotsTypeStrikePrime
Rapeseed (€/t) : 55 lots
LotsTypeStrikePrime
5Call Nov 193659.99
50Put May 193502.00

Wheat (¢/b)
May 19466.0000-1.5000
Jul 19470.7500-1.5000
Sep 19479.5000-1.7500
Dec 19494.2500-1.2500
Mar 20508.0000-0.2500
Corn (¢/b)
May 19378.2500+2.5000
Jul 19387.5000+2.2500
Sep 19393.2500+2.0000
Dec 19400.0000+1.5000
Mar 20410.2500+1.0000
Soybean (¢/b)
May 19903.7500-6.2500
Jul 19917.2500-6.5000
Aug 19923.2500-6.7500
Sep 19928.5000-7.0000
Nov 19937.5000-6.7500
Soy meal ($/st)
May 19315.0000+0.2000
Jul 19318.2000-0.3000
Aug 19319.5000-0.3000
Sep 19320.9000-0.6000
Oct 19321.8000-0.7000
Soy oil (¢/lb)
May 1928.6600-0.4900
Jul 1928.9800-0.4900
Aug 1929.1100-0.4800
Sep 1929.2600-0.4600
Oct 1929.4000-0.4700

Wheat (¢/b)
May 19466.0000-1.5000
Jul 19470.7500-1.5000
Sep 19479.5000-1.7500
Dec 19494.2500-1.2500
Mar 20508.0000-0.2500
Corn (¢/b)
May 19378.2500+2.5000
Jul 19387.5000+2.2500
Sep 19393.2500+2.0000
Dec 19400.0000+1.5000
Mar 20410.2500+1.0000
Soybean (¢/b)
May 19903.7500-6.2500
Jul 19917.2500-6.5000
Aug 19923.2500-6.7500
Sep 19928.5000-7.0000
Nov 19937.5000-6.7500
Soy meal ($/st)
May 19315.0000+0.2000
Jul 19318.2000-0.3000
Aug 19319.5000-0.3000
Sep 19320.9000-0.6000
Oct 19321.8000-0.7000
Soy oil (¢/lb)
May 1928.6600-0.4900
Jul 1928.9800-0.4900
Aug 1929.1100-0.4800
Sep 1929.2600-0.4600
Oct 1929.4000-0.4700

3/22/2019

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018210.00+0.00
Blé meunier rendu Rouen - Base Juillet 2018185.00+0.00
Maïs rendu Bordeaux - Base Juillet 2018160.00+1.00
Maïs FOB Rhin - Base Juillet 2018159.00+1.00
Orge fourragère rendu Rouen - Base Juillet 2018170.00+0.00
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018175.00+0.00
Colza FOB Moselle - Flat - Récolte 2018361.00+1.00
Tournesol rendu St Nazaire - Flat - Récolte 2018322.00+0.00
Pois fourragers FOB Creil - Base Août 2018200.00+0.00

3/22/2019

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis210.00+0.00
Wheat delivered Rouen - July 2018 basis185.00+0.00
Corn delivered Bordeaux Spot - July 2018 basis164.00+1.00
Corn FOB Rhin Spot - July 2018 basis159.00+1.00
Feed barley delivered Rouen - July 2018 basis170.00+0.00
Malting barley FOB Creil Spot - July 2018 basis175.00+0.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest361.00+1.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest322.00+0.00
Feed peas FOB Creil Spot - August 2018 basis200.00+0.00
Analysis 22/03/2019

European market

Saudi Arabia launched a 720 000 tonnes’ feed barley tender yesterday. This return of SAGO on the market is a relief for operators that were impatiently waiting to see again this major importing country. The absence of Saudi Arabia pushed prices to tumble from the start of the year. Shipments planned for the May-June period should cover the needs of the country until the end of the marketing year.

The weakness of the euro has allowed the European cereals market to recoup losses from the day before. On Euronext, from the start of the week, wheat prices of the May 2019’s delivery are consolidating above 188 €/t. The port activity remains supported by large shipments mainly to Egypt and Algeria.

The recent recovery of the palm in Kula Lumpur is now running out of steam. A technical resistance level is currently blocking the rebound process of previous sessions. This is weighing on other veg oils’ markets.

American market

The US market is currently focused on the climatic conditions in place in the Midwest. Indeed, floods in the region are raising farmers’ worries.

This is probably too early to express concerns on corn plantings, as they should not start before mid-April, but those of spring wheat are due to begin soon, especially in the North Dakota.

In this context, funds, which are very short of corn, are cautiously reducing their selling positions.

Yesterday, these actors were net buyers in 3 000 lots of wheat, 15 000 lots of corn and 3 500 lots of soybean.

US soybean export sales have been disappointing this week with only 335 200 t. They were in line with expectations for the corn and wheat with respectively 915 900 t and 660 000 t.

Black Sea market

According the Ukrainian data service, the inventories of agricultural products were amounted to 20.83 Mt on the 1st of March, representing an increase of 1.8 Mt from last year. This is broken down as follow: wheat at 5.4 Mt, corn at 13.64 Mt, barley at 1.16 Mt and sunflower at 4.9 Mt.

In Russia, the Vice Agricultural Minister said during the meeting of the Agrarian Committee of the country that the main way to increase the cereal and oilseed output will be to develop unused arable lands. This could be done by the liming of acid soils.

Rosselkhoznadzor has released an information about a first wheat sample of 21 tonnes shipped to Algeria to assess the conformity to country’s requirements.  

Live news

Climatic issues are pushing corn prices up

9