Pre-opening 25/09/2017
Paris Chicago
Wheatunch to - 1 €- 4 cents
Cornunch to -1 €- 2 cents
Rapeseed- 1 €
Soybean- 5 cents
Indexes 22/09/2017
€/$1.1961 $
Oil WTI50.66 $/b

Wheat (€/t)
Dec 17164.75+0.75
Mar 18170.00+1.00
May 18173.75+0.75
Sep 18176.00+0.75
Dec 18179.00+0.75
Corn (€/t)
Nov 17155.00+0.00
Jan 18159.75+0.50
Mar 18164.00+0.00
Jun 18167.00+0.00
Aug 18170.00-0.50
Rapeseed (€/t)
Nov 17368.75+1.00
Feb 18370.25+1.00
May 18372.00+0.50
Aug 18359.00+1.75
Nov 18363.25+1.75
Nitrogen solution (€/t)
Nov 17150.00+0.00
Mar 18163.00+4.50
Jun 18153.50+3.50
Sep 18147.50+8.00
Nov 18149.50+7.00

22/09/2017

Wheat (€/t) : 995 lots
LotsTypeStrikePrime
3Call Dec 171625.40
532Call Dec 171653.90
22Call Mar 181706.80
1Call Mar 181726.10
20Call Mar 182050.75
1Call May 181748.50
2Call May 181805.90
30Call May 182051.28
100Put Dec 171550.67
200Put Dec 171601.71
20Put Dec 171707.00
10Put Dec 1718015.50
4Put Dec 1719025.56
20Put Mar 1818517.19
30Put May 1819019.16
Corn (€/t) : 736 lots
LotsTypeStrikePrime
400Put Nov 171552.30
332Put Nov 171605.50
4Put Mar 181656.40
Rapeseed (€/t) : 1655 lots
LotsTypeStrikePrime
2Call Nov 173703.50
750Call Nov 173801.13
200Call Nov 174000.10
2Call Feb 1837010.50
400Call Feb 183757.83
50Call Feb 183855.01
1Call May 1837013.50
200Put Nov 1738012.10
50Put Feb 183709.55

Wheat EU (€/t)
Dec 17165.0000+1.0000
Mar 18172.0000-0.5000
May 18170.2500+4.0000
Sep 18169.2500-0.2500
Dec 18173.2500-0.2500
Wheat (¢/b)
Dec 17449.5000+4.0000
Mar 18469.5000+3.7500
May 18483.0000+3.2500
Jul 18494.2500+3.0000
Sep 18509.2500+2.0000
Corn (¢/b)
Dec 17353.5000+0.7500
Mar 18366.0000+0.7500
May 18374.5000+0.5000
Jul 18381.5000+0.5000
Sep 18388.0000+0.5000
Soybean (¢/b)
Nov 17984.2500-8.7500
Jan 18994.5000-8.5000
Mar 181003.5000-8.5000
May 181011.5000-7.7500
Jul 181017.7500-7.7500
Soy meal ($/st)
Oct 17315.0000-3.7000
Dec 17319.0000-3.6000
Jan 18321.0000-3.6000
Mar 18323.7000-3.3000
May 18326.0000-3.3000
Soy oil (¢/lb)
Oct 1733.9900-0.1100
Dec 1734.2200-0.1100
Jan 1834.3800-0.1200
Mar 1834.6200-0.1400
May 1834.8100-0.1300

25/09/2017

Physical (€/t)
Durum Wheat Delivered Port la Nouvelle Spot - July 2017 basis240.00+0.00
Wheat Delivered Rouen - July 2017 basis156.00+0.00
Corn Fob Bordeaux Spot - July 2016 basis151.00+0.00
Corn Fob Rhin Spot - July 2016 basis155.00+1.00
Feed barley Delivered Rouen - July 2017 basis151.00+0.00
Malting barley Fob Creil Spot - July 2017 basis200.00+0.00
Rapessed Fob Moselle Spot - Flat - 2017 harvest367.00+2.00
Sunseed Delivered St Nazaire Spot - Flat - 2016 harvest325.00+0.00
Feed peas Fob Creil Spot - August 2017 basis195.00+0.00

Events

Analysis 25/09/2017

European market

Markets were puzzled on Friday, wheat on Euronext is consolidating around 165 €/t on the December delivery while the rapeseed is testing the technical resistance of 370 €/t, similar level as the one prevailing before the reduction of duties of the Argentinian biodiesel.

Despite Fed’s speech, the dollar remains stuck between 1.19 and 1.20 vs euro without clear trend.

On the international stage, operators are closely monitoring the evolution of the files of Romanian and French cargoes rejected by Egyptian authorities. USA sold 190 000 t of soybean toward Mexico and South Korea is currently buying 55 000 t of corn.

According FranceAgrimer, 2% of French corn was harvested on the 18th of September with a crop rating of 80% good to excellent vs 79% in the previous week.

American market

On US markets, only the soybean was showing some firmness on Friday in a persisting context of busy export activity and uncertainty about the US production. The market is currently testing a major technical resistance around 10 $/bushel.

Wheat is benefitting from steady prices in Russia despite of a record crop. The export business is very strong in Russia supporting FOB Black Sea prices.

Funds were busy on Friday, and were net buyers of 13 000 lots of soybean and 7 000 lots of corn. They were net sellers of 4 000 lots of wheat.

Black Sea market

Some stabilization of the pace of shipments has been observed during last weeks. During last seven days, Ukrainian did export 250 000 t of wheat, 125 000 t of barley and 23 000 t of corn. Russian neighbor, in the same period, shipped 580 000 t of wheat, 70 000 t of barley and 20 000 t of corn.

In wheat, Black Sea prices rebounded slightly during last week. 12.5% FOB Russian Novorossiysk wheat settled at 189 $/t vs 176 $/t for the 11.5% Ukrainian wheat. From the lowest levels of the campaign recorded at the beginning of the month, export market, who is driving home prices, gained more than +5 $/t.

Live news

Russia exports record volumes of wheat