Pre-opening 30/08/2016
Paris Chicago
Wheatunch.+ 1 cent
Cornunch.unch.
Rapeseedunch. to + 1€/t
Soybeanunch.
Indexes 29/08/2016
€/$1.117 $
Oil WTI46.98 $/b

Wheat (€/t)
Sep 16154.00+2.00
Dec 16161.00+1.00
Mar 17165.00+1.25
May 17168.25+0.25
Sep 17171.75-0.75
Corn (€/t)
Nov 16162.00-0.50
Jan 17163.25-0.50
Mar 17165.25-0.75
Jun 17167.75-1.25
Aug 17171.00+0.00
Rapeseed (€/t)
Nov 16371.25-0.75
Feb 17370.75-1.25
May 17369.50-1.00
Aug 17354.50+1.00
Nov 17360.00-2.00

29/08/2016

Wheat (€/t) : 4248 lots
LotsTypeStrikePrime
1064Call Dec 161655.00
32Call Dec 161703.50
20Call Dec 161712.60
752Call Dec 161752.00
500Call Dec 161801.31
400Call Dec 161950.46
36Call Dec 162000.28
5Call Mar 171677.70
3Call Mar 171833.50
250Call Mar 172270.25
1Call May 1716810.20
4Call May 171699.19
8Call May 171709.50
3Call May 171757.80 - 8.00
403Call May 171855.00
125Call Dec 171955.70
300Put Dec 161501.96
6Put Dec 161626.00
100Put Dec 161679.70
1Put Dec 1616810.20
60Put Mar 171502.30
50Put Mar 171554.05
125Put Dec 1717010.41
Corn (€/t) : 215 lots
LotsTypeStrikePrime
6Call Nov 161615.30
4Call Aug 171925.00
5Put Nov 161603.20
200Put Nov 161676.95
Rapeseed (€/t) : 618 lots
LotsTypeStrikePrime
3Call Feb 17372.512.00
4Call May 1737013.38
4Call May 17372.513.80
200Call Aug 17357.513.73
3Call Aug 1737010.50
4Call Nov 17377.511.50
400Put May 17362.510.09

Wheat (¢/b)
Sep 16370.5000-7.7500
Dec 16397.0000-5.0000
Mar 17421.0000-6.5000
May 17435.7500-6.7500
Jul 17444.7500-6.7500
Corn (¢/b)
Sep 16311.7500-7.5000
Dec 16320.7500-5.0000
Mar 17331.0000-4.7500
May 17338.2500-4.5000
Jul 17345.5000-4.0000
Soybean (¢/b)
Sep 16983.2500-16.0000
Nov 16964.2500-11.5000
Jan 17966.7500-11.2500
Mar 17968.2500-11.5000
May 17970.7500-11.0000
Soy meal ($/st)
Sep 16319.5000-5.1000
Oct 16317.0000-5.2000
Dec 16315.1000-5.4000
Jan 17313.4000-5.1000
Mar 17311.5000-4.7000
Soy oil (¢/lb)
Sep 1632.8100-0.1000
Oct 1632.9400-0.1200
Dec 1633.2200-0.1100
Jan 1733.4100-0.1000
Mar 1733.5600-0.0900

30/08/2016

Physical (€/t)
Durum 2015220.00+0.00
Wheat Delivered Rouen 2016156.00-4.00
Corn Fob Bordeaux 2015162.00-1.00
Corn Fob Rhin 2015166.00-1.00
Feed barley Delivered Rouen 2016132.00-4.00
Malting barley Fob Creil 2016195.00+0.00
Rapessed Fob Moselle - Flat375.00-3.00
Sunseed Delivered St Nazaire - Flat360.00+0.00
Feed peas Fob Creil 2016220.00+0.00
Analysis 30/08/2016

European market

Wheat prices at Euronext were amongst the first commodities yesterday to lose value. They have been pressured by the decrease in Chicago, triggered mainly by technical considerations. The key support level at 4 US$/Bu (December 16) broke and once more accelerated the sales at CBoT. This development underlines again the large availabilities on the world market, given the abundant harvest in main producing countries.

On the international scene, the US sold 393 000t of soybean to unknown destinations. At the same time, Egypt keeps on dominating the headlines of wheat exports with its 0%- tolerance policy for ergot. This is likely to impact the following offers for their tenders.

The German wheat harvest has now been estimated by the Agricultural Ministry for the first time, outlining a total production of 24.55 Mt. Even though quality aspects might not quite match last years’ results, Germany is likely to keep its standing on the global export market.

Apart from wheat, also corn has decreased in prices following the very good production potential in the US proofed by last week’s Pro Farmer crop tour. They expect the corn production in the US to sum up to 374 Mt.

The rapeseed market at Euronext consolidated in the wake of crude and palm oil. Export demand for the latter remains dynamic and support prices.

American market

Prices were decreasing yesterday on every product in a context of a plentiful 2016 harvest, confirmed by the last ProFarmer tour results.

Export activity is particularly dynamic with export inspections set at 1.422 Mt on corn, above operators’ expectations. On wheat and soybean, export inspections were at 511 695t and 921 137t respectively.

The crop rating published after the market close were unchanged compared to last week at 75% for corn and increased by one percentage point at 73%.

Funds were net sellers on corn for 11 000 lots, for 1 000 lots on soybean and 6 500 lots on wheat.

Black Sea market

During last week, shipments from Ukraine and Russia slowed down. But nevertheless, Ukraine exported almost 400 000t of wheat and 150 000t of barley thanks to a strong demand mainly from Asia. India, Thailand, and Bangladesh turn into strong clients for Ukrainian cereals’ traders.

Russian authorities report exports of only 200 000t of wheat which is rather weak, considering the large export availabilities this year.

Live news

Strong decrease of wheat prices