Pre-opening 21/11/2017
Paris Chicago
Wheatunch.- 1 Cents
Cornunch.- 1 Cents
Rapeseedunch. to - 1 €
Soybeanunch.
Indexes 20/11/2017
€/$1.1781 $
Oil WTI56.09 $/b

Wheat (€/t)
Dec 17157.75+0.25
Mar 18162.50+0.25
May 18166.75+0.00
Sep 18170.00-0.25
Dec 18172.75+0.25
Corn (€/t)
Jan 18154.00+0.00
Mar 18160.00+0.00
Jun 18163.50+0.00
Aug 18167.00-0.25
Nov 18167.25-0.25
Rapeseed (€/t)
Feb 18375.25+0.75
May 18376.50+1.25
Aug 18359.25+0.75
Nov 18362.25+1.00
Feb 19363.50+0.50
Nitrogen solution (€/t)
Mar 18166.50+0.00
Jun 18151.00+0.00
Sep 18155.00+0.00
Nov 18152.00+0.00
Mar 19163.00+0.00

20/11/2017

Wheat (€/t) : 4825 lots
LotsTypeStrikePrime
4Call Mar 181634.30
30Call Mar 181653.30
185Call Mar 181663.20
3000Call Mar 181800.60
3Call May 181752.50
590Call May 181870.88
50Put Mar 181582.16
350Put Mar 181623.40 - 3.85
593Put May 181675.80
4Put Sep 181708.80
14Put Dec 181708.00 - 8.10
2Put Dec 181739.54
Corn (€/t) : 0 lots
LotsTypeStrikePrime
Rapeseed (€/t) : 40 lots
LotsTypeStrikePrime
20Call Feb 183803.60
5Call Feb 184001.20
1Call May 18377.510.40
10Put Feb 183550.78
4Put Nov 18357.512.47

Wheat EU (€/t)
Dec 17156.7500-0.2500
Mar 18164.7500+0.2500
May 18168.0000+4.0000
Sep 18167.2500+4.0000
Dec 18171.2500+4.0000
Wheat (¢/b)
Dec 17422.0000+2.7500
Mar 18438.5000+3.0000
May 18449.7500+3.5000
Jul 18462.2500+4.5000
Sep 18476.5000+4.5000
Corn (¢/b)
Dec 17345.0000-0.2500
Mar 18356.5000-0.2500
May 18364.7500-0.2500
Jul 18372.5000-0.2500
Sep 18379.5000+0.2500
Soybean (¢/b)
Jan 18990.0000-1.5000
Mar 181001.2500-1.2500
May 181010.7500-1.0000
Jul 181019.2500-1.5000
Aug 181020.0000-0.7500
Soy meal ($/st)
Dec 17319.8000-1.2000
Jan 18322.0000-1.4000
Mar 18325.3000-1.3000
May 18327.7000-1.3000
Jul 18329.9000-1.2000
Soy oil (¢/lb)
Dec 1733.9500+0.1900
Jan 1834.1000+0.1900
Mar 1834.3300+0.1900
May 1834.5500+0.1700
Jul 1834.7400+0.1600

21/11/2017

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2017 basis230.00+0.00
Wheat delivered Rouen - July 2017 basis154.50-1.50
Corn delivered Bordeaux Spot - July 2017 basis151.00-2.00
Corn FOB Rhin Spot - July 2017 basis156.00-2.00
Feed barley delivered Rouen - July 2017 basis150.00-1.00
Malting barley FOB Creil Spot - July 2017 basis196.00+0.00
Rapessed FOB Moselle Spot - Flat - 2017 harvest375.00-3.00
Sunseed delivered St Nazaire Spot - Flat - 2017 harvest325.00+0.00
Feed peas FOB Creil Spot - August 2017 basis190.00+0.00
Analysis 21/11/2017

European market

The week began in the red following Chicago for grains and Kuala Lumpur for oilseeds. Palmoil prices registered a strong decrease yesterday after India raised the palmoil import taxes from 15 to 30 %. In this context, rapeseed prices fell more than 3€/t on Euronext.

If climatic conditions are remaining favourable in the northern hemisphere, dry and hot conditions are currently observed in Argentina and will have to be watched closely especially for the soybean crop.

On the international stage, Ethiopia, Iraq and Jordan is seeking wheat. Ships in France are currently being loaded to Morocco which is currently registering a severe drought.

The euro stabilized around 1.1750 against the dollar despite uncertainties linked to the political situation in Germany.

Russian wheat prices are remaining stable at 191 $/t FOB.  Barley prices are displayed at 193 $/t and corn at 166 $/t. Also, to note the good stability of feed barley prices, consequence of a global tight balance sheet for this product.

American market

Continuous downturn on wheat prices in a very challenged context on the international stage from Russian origins. The decrease was also fuelled by a rebound of the dollar against other currencies.

Export inspections were disappointing in wheat while they were in line with expectations for corn and soybean.

Soybean prices limited losses in a context of fears about a decrease in Argentinian production after operators reported a hydric deficit in some regions. Oil prices decreased following palm oil.

The USDA announced that the harvest was realized at 96 % in soybean and 90 % in corn on Sunday. This was slightly below trader’s expectations. Crop ratings for wheat were displayed down 2 % at 52 % “good to excellent” in comparison to 58 % last year to date.

Funds were net buyers in 12 000 lots of corn and 3 000 lots of soybean. They were net sellers in 5 000 lots of wheat.

Black Sea market

It was with snow that we started our week in Russia. The main goal of this crop tour which will take place this week is to meet with producers in order to discuss winter wheat conditions. Indeed, the rapid growth of productivity in Russia during the past years has made the country one of the key player on the wheat market.

As part of the EAT (European Agritel Tour) program and in the same way as the last 3 years, our objective is to assess the production thanks to field observations before fields are covered with snow. Afterwards we will publish a first production range for the harvest to come.

Follow us on twitter for more information: https://twqitter.com/EuroAgritelTour

Live news

Strong downturn of palmoil prices yesterday