|Wheat||unch||+ 1 cent|
|Corn||unch||+ 2 cents|
|Oil WTI||54.06 $/b|
|Nitrogen solution (€/t)|
|Wheat (€/t) : 1857 lots|
|3||Call May 17||170||6.60|
|251||Call May 17||174||4.68|
|150||Call May 17||175||4.18|
|50||Call May 17||185||1.40|
|1||Call Sep 17||174||8.00|
|1||Call Dec 17||185||7.00|
|100||Call Dec 17||186||6.16|
|100||Call Dec 17||187||5.86|
|100||Call Dec 17||188||5.57|
|100||Call Dec 17||189||5.34|
|350||Put May 17||167||1.20|
|50||Put May 17||170||2.02|
|100||Put Sep 17||162||3.11|
|500||Put Sep 17||170||6.24|
|1||Put Sep 17||174||8.60|
|Corn (€/t) : 120 lots|
|60||Call Aug 17||190||2.41|
|60||Put Aug 17||177||5.80|
|Rapeseed (€/t) : 1754 lots|
|4||Call May 17||370||46.70 - 47.70|
|1||Call May 17||417.5||7.22|
|20||Call May 17||420||7.10|
|1||Call Aug 17||385||12.00|
|20||Call Aug 17||400||5.90|
|150||Call Nov 17||390||13.85|
|500||Call Nov 17||400||10.10 - 10.40|
|150||Call Nov 17||410||7.48|
|202||Put May 17||410||4.50|
|5||Put Aug 17||385||11.80 - 12.00|
|300||Put Nov 17||370||6.68|
|400||Put Nov 17||380||11.30|
|1||Put Nov 17||385||13.00|
|Wheat EU (€/t)|
|Soy meal ($/st)|
|Soy oil (¢/lb)|
|Wheat Delivered Rouen 2016||171.00||+1.00|
|Corn Fob Bordeaux 2015||170.00||+1.00|
|Corn Fob Rhin 2015||171.00||+1.00|
|Feed barley Delivered Rouen 2016||145.00||+1.00|
|Malting barley Fob Creil 2016||188.00||+0.00|
|Rapessed Fob Moselle - Flat||426.00||-2.00|
|Sunseed Delivered St Nazaire - Flat||385.00||+0.00|
|Feed peas Fob Creil 2016||230.00||+0.00|
Another subdued session on cereal markets yesterday due to lack of new fundamentals elements.
We can note another wheat tender from Egyptian GASC today for shipments 25 March-4 April. Black Sea origins should once again show competitiveness.
On the wheat contracts 37 000 lots traded on Euronext and 942 on the CME.
On international stage, USA sold 111 200 t of corn and 138 600 t of wheat to unknown destination. On its side, Japan bought 269 296 t of US corn and Jordan bought 100 000 t of milling wheat optional origin.
The euro weakened vs dollar and crude oil rose due to anticipations of possible extension of the OPEC agreement.
Rapeseed prices lost ground yesterday following a weaker palm due to higher Malaysian output after the fall caused by El Nino these last few months.
Soybean remains under pressure of a Brazilian harvest progressing quickly and recording high yields.
Wheat and soybean prices decreased yesterday in Chicago while corn prices maintained their current levels.
Wheat export inspections were on the upper level of traders’ expectations, while they were disappointing for soybean and within anticipations for corn.
Operators are waiting for the forum that will take place between tomorrow and Friday. This meeting should display the first expectations regarding seeding intentions of soybean and corn, before next official USDA report published the 31st of March.
Soybean harvests are continuing at a good pace in Brazil and are showing high yields.
Funds were net sellers yesterday in 8000 lots of Soybean and 4000 lots of wheat. They were net buyers in 7500 lots of corn to extend a bit more their net long positions.
Black Sea market
Ukrainian Ag Minister said that winter crops conditions in the country were still favorable. Only 5% of winter wheat or barley acreage is considered lost due to either bad germination or frost killing. 82% of crops are seen in good condition. The current situation looks better than last year to date. Also, several snow falls improved the water holding capacity of soils.
Progressively, the snow cover is melting with higher temperatures. Spring could come early with temperatures forecasted around +10° C on Ukrainian plain in coming days.