Pre-opening 22/05/2019
Paris Chicago
Wheatunch+1 cent
Cornunch+1 cent
Rapeseedunch
Soybean+5 cents
Indexes 22/05/2019
€/$1.1171 $
Oil WTI62.99 $/b

Wheat (€/t)
Sep 19175.00-1.25
Dec 19178.50-1.25
Mar 20181.50-1.50
May 20183.50-1.75
Sep 20183.25-1.75
Corn (€/t)
Jun 19162.25-1.00
Aug 19168.00-1.50
Nov 19170.50-1.25
Jan 20174.00+0.75
Mar 20175.75+0.25
Rapeseed (€/t)
Aug 19365.75+0.75
Nov 19369.00+0.25
Feb 20371.25+0.00
May 20371.25+0.00
Aug 20358.50+0.00
Nitrogen solution (€/t)
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00
Sep 20220.00+0.00

5/22/2019

Wheat (€/t) : 1003 lots
LotsTypeStrikePrime
2Call Sep 191727.50
9Call Sep 191745.90 - 6.00
15Call Sep 191755.00 - 5.30
14Call Sep 191804.30
10Call Sep 191951.50
3Call Dec 191787.70
5Call Dec 191806.90 - 7.00
3Call Dec 191884.30
40Call Dec 191904.08
70Call Dec 192002.39
40Call Dec 192051.91
1Call Mar 201837.80
100Call Mar 202003.70
3Put Sep 191735.50
40Put Dec 191756.00
500Put Dec 191766.51
18Put Dec 191777.50
30Put Dec 191787.53
100Put Mar 201808.01
Corn (€/t) : 272 lots
LotsTypeStrikePrime
1Call Aug 191684.50
5Call Nov 191802.90
23Call Nov 191852.60
78Call Nov 191901.90 - 2.01
102Call Nov 192001.00
63Put Nov 191643.20
Rapeseed (€/t) : 354 lots
LotsTypeStrikePrime
50Call Nov 193804.39
1Call Nov 193902.50
1Call May 2037013.60
200Put Aug 193603.50
2Put Nov 193656.45
50Put Aug 203506.91
50Put Aug 203559.08

Wheat (¢/b)
Jul 19478.7500-6.5000
Sep 19486.0000-5.5000
Dec 19498.2500-4.7500
Mar 20509.7500-3.7500
May 20514.7500-3.5000
Corn (¢/b)
Jul 19394.2500+0.2500
Sep 19402.7500+0.5000
Dec 19410.5000+1.7500
Mar 20420.0000+2.5000
May 20423.7500+2.0000
Soybean (¢/b)
Jul 19822.0000+7.5000
Aug 19828.7500+7.5000
Sep 19835.5000+7.5000
Nov 19848.5000+7.7500
Jan 20860.2500+7.5000
Soy meal ($/st)
Jul 19295.3000+3.0000
Aug 19296.9000+3.0000
Sep 19298.8000+3.0000
Oct 19300.6000+3.1000
Dec 19303.6000+2.7000
Soy oil (¢/lb)
Jul 1927.1400+0.1300
Aug 1927.2600+0.1300
Sep 1927.4000+0.1100
Oct 1927.5400+0.1000
Dec 1927.8400+0.1200

5/22/2019

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2019 basis225.00+0.00
Wheat delivered Rouen - July 2019 basis172.00+0.50
Corn delivered Bordeaux Spot - July 2018 basis157.00+0.00
Corn FOB Rhin Spot - July 2018 basis152.00+1.00
Feed barley delivered Rouen - July 2019 basis162.00+2.00
Malting barley FOB Creil Spot - July 2019 basis186.00+0.00
Rapessed FOB Moselle Spot - Flat - 2019 harvest365.00+1.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest333.00+0.00
Feed peas FOB Creil Spot - August 2019 basis190.00+0.00
Analysis 22/05/2019

European market

Consolidation session was registered yesterday on the markets, mainly on chartist considerations. Indeed on many products, the market came yesterday to test resistance levels, motivating some profit-taking, after recent increases. However, the weather forecast for the coming days indicates significant precipitation on the Corn Belt. Still, the program of aid envisaged by the US administration to the farmers could encourage the producers to orient their sowings.

The Coceral revises upward its estimate of European production in soft wheat to 140.3 Mt against 139.8 Mt published last month. This is a clear progression compared to last year posted by the Coceral at 127.4 Mt. The agency estimated a European barley production at 59 Mt compared to 59.4 Mt last month, including 28.7 Mt of spring barley. The corn production is estimated at 62.9 Mt against 61 Mt in March. In colza finally the production is estimated at 17.9 Mt against 18.5 Mt estimated last month.

On the international stage, Ethiopia bought 600 000 t of wheat from the optional origins, while Taiwan bought 111 050 t of wheat from the USA.

Rapeseed prices rose slightly yesterday, despite a decline in palm, canola, and soybeans.

The euro remains on a relatively low level against the dollar, at 1.1150 allowing better competitiveness of European origins on the international scene.

American market

The market was flat in wheat yesterday in Chicago, with profit-taking in a context where the abundant rains that persist even in the South of the country, were initially considered as beneficial, but now they raise fears of a qualitative deterioration.

The corn prices are still oriented on the rise, especially since planting delays could increase next week, given the expected weather forecast.

Soybean prices, meanwhile, were falling back, following rumors from Bloomberg, that the US administration could unlock 2 $/bushel assistance to producers on this product, to offset the negative impact of the trade war with China.

The funds yesterday were net buyers for 37,000 lots of corn and for 1,000 lots of wheat. They were net sellers for 8,000 lots of soybean.

Black Sea market

In Ukraine, favorable climatic conditions for field work have settled in recent days. Farmers have almost caught up on planting compared to last year. Thus, as of May 21, 94% of corn area was sown, or 4.366 Mha against 4.373 Mha in 2018. Sunflower seedlings progressed by 92% compared to 98% last year to date, or 5.233 Mha against 5.225 Mha in 2018. In the coming days, meteorologists generally expect favorable weather, with however slight rainfall in places.

Live news

New rains expected next week in the USA

9