Pre-opening 28/04/2017
Paris Chicago
Wheatunch. to +1 €/t+ 2 cents
Cornunch.- 1 cents
Rapeseedunch. to + 1 €/t
Soybean+ 1 cents
Indexes 28/04/2017
€/$1.093 $
Oil WTI49.33 $/b

Wheat (€/t)
May 17168.25+0.50
Sep 17169.75+1.50
Dec 17172.75+1.25
Mar 18176.00+1.00
May 18177.75+0.50
Corn (€/t)
Jun 17172.25+0.75
Aug 17178.00+0.00
Nov 17170.50+0.00
Jan 18173.00+0.50
Mar 18175.25+0.25
Rapeseed (€/t)
Aug 17368.50+0.75
Nov 17372.00+1.50
Feb 18374.75+0.75
May 18375.25+1.25
Aug 18360.00+2.25
Nitrogen solution (€/t)
Jun 17149.00+0.00
Sep 17145.00+0.00
Nov 17152.00+0.00
Mar 18152.00+0.00
Jun 18152.00+0.00

28/04/2017

Wheat (€/t) : 2347 lots
LotsTypeStrikePrime
1Call Sep 171697.22
8Call Sep 171754.80
503Call Sep 171803.50
200Call Sep 171901.99
5Call Dec 171729.30 - 9.40
100Call Dec 171738.81
130Call Dec 171806.34
100Call Dec 171854.96
300Call Dec 171903.87
75Call Mar 1817510.35
75Call Mar 181954.17
250Put Sep 171685.89
400Put Sep 171696.47
100Put Dec 171603.42
100Put Dec 171624.07
Corn (€/t) : 1200 lots
LotsTypeStrikePrime
300Call Nov 171716.05
300Call Jan 181756.95
300Put Nov 171716.55
300Put Jan 181654.07
Rapeseed (€/t) : 29 lots
LotsTypeStrikePrime
20Call Aug 173707.48
1Call Feb 1837513.70
3Call Aug 1836015.93
5Put Aug 17362.55.22

Wheat EU (€/t)
May 17166.7500+1.0000
Sep 17168.5000+1.0000
Dec 17172.0000+1.0000
Mar 18175.2500+0.5000
May 18177.5000+0.7500
Wheat (¢/b)
May 17418.5000+5.0000
Jul 17432.2500+0.5000
Sep 17445.7500+0.7500
Dec 17468.2500+0.2500
Mar 18487.0000+0.0000
Corn (¢/b)
May 17358.0000-4.2500
Jul 17366.5000-3.7500
Sep 17374.2500-2.7500
Dec 17385.0000-3.0000
Mar 18394.7500-2.5000
Soybean (¢/b)
May 17945.2500-1.5000
Jul 17956.2500-1.7500
Aug 17958.2500-2.5000
Sep 17954.7500-2.2500
Nov 17953.2500-2.0000
Soy meal ($/st)
May 17311.7000+0.9000
Jul 17315.8000+0.4000
Aug 17317.0000+0.5000
Sep 17317.3000+0.8000
Oct 17316.1000+0.6000
Soy oil (¢/lb)
May 1731.4500-0.2500
Jul 1731.7100-0.2400
Aug 1731.8100-0.2400
Sep 1731.9300-0.2600
Oct 1731.9800-0.2200

28/04/2017

Physical (€/t)
Durum 2015210.00+5.00
Wheat Delivered Rouen 2016161.00-1.00
Corn Fob Bordeaux 2015166.00+0.00
Corn Fob Rhin 2015169.00+0.00
Feed barley Delivered Rouen 2016140.00+1.00
Malting barley Fob Creil 2016183.00+0.00
Rapessed Fob Moselle - Flat403.00+0.00
Sunseed Delivered St Nazaire - Flat360.00+0.00
Feed peas Fob Creil 2016215.00+0.00
Analysis 28/04/2017

European market

Great stability on the market yesterday because of reluctant operators to take positions before the long week end and the closing of European financial markets on Monday.

Activity remained strong on Euronext with 54 575 exchanged wheat contracts and 244 contracts for the European CME.

On the international stage, Israël bought 80 000 t of corn probably sourced from South America but also 30 000 t of feed wheat and 20 000 t of feed barley sourced from the Black Sea area. Algeria, on its side, bought 250 000 t of durum wheat probably from Canada.

Due to an abundant harvest, Morocco raised Import taxes to 135 % against 30% previously and this until next December. Even if it is usual to see Morocco raise their taxes at this time of the year, the level of 135 % seems particularly high.

The wheat exports outside Europe are being displayed at 20.29 Mt compared to 24.7 Mt last year during the same period so a decrease of 18%. Barley export numbers registered the strongest downturn with only 4.37 Mt against 9.32 Mt last year at the same date so a decrease of 53%.

According to the latest IGC report, world production for corn in 2017/2018 is awaited at 1.026 billion tons compared to 1.059 this year. Wheat production is expected at 736 Mt against 753 Mt for this campaign.

Rapeseed prices didn’t evolve yesterday despite a setback in palm and soy oil prices. Operators are still displaying concerns regarding the European production in a context of low temperatures.

American market

Corn prices rose slightly yesterday evening in Chicago due to the change of rhetoric of the Trump administration about NAFTA. Indeed, latest news are indicating a renegotiation of the agreement and not a termination.

The persistent rainfalls on the corn belt and raising concerns about delays in seedings led funds to buy back their short positions.The same situation was observed for wheat due to raising concerns of freezing temperatures this week end in Kansas. Only Soybean remained stable yesterday.

Weekly export number were above expectations for all products.

Yesterday, funds were net buyers in 6 000 lots of corn, 2 500 lots of soybean and 6 000 lots of wheat.

Black Sea market

Ukrainian agriculture minister T.Kutovyi explained that the bad climatic situation during the second half of April didn’t affect winter crop conditions. According to him, the precipitations in form of snow participated in the replenishment of soil water reserves.

It is to note that during this period south of Ukraine received an average of 75 mm of water which is partly lifting concerns of hydric stress. Even if it is difficult to forecast the wheat harvest for 2017, the minister suggested a figure at 24 Mt.

Live news

Frost risk in Kansas this week end