Pre-opening 28/06/2016
Paris Chicago
Wheatunch+ 1 cent
Cornunch+ 2 cents
Rapeseed+ 1 to + 2 €
Soybean+ 17 cents
Indexes 27/06/2016
€/$1.1066 $
Oil WTI46.33 $/b

Wheat (€/t)
Sep 16161.00-0.75
Dec 16166.50-1.50
Mar 17172.25-1.50
May 17176.25-1.50
Sep 17179.50-1.75
Corn (€/t)
Aug 16176.00+1.25
Nov 16168.50+0.00
Jan 17172.50-1.00
Mar 17174.00-0.75
Jun 17178.25+0.50
Rapeseed (€/t)
Aug 16356.25+3.25
Nov 16362.75+2.25
Feb 17364.25+2.75
May 17365.75+2.25
Aug 17357.50+3.00

27/06/2016

Wheat (€/t) : 4505 lots
LotsTypeStrikePrime
360Call Dec 161659.30
368Call Dec 161707.30 - 7.60
1Call Dec 161784.90
26Call Dec 161804.50
1Call Dec 161853.70
396Call Dec 161902.50
1Call Dec 161961.90
360Call Dec 162001.60
368Call Mar 1717210.30
1Call Mar 1717310.00
1Call Mar 171759.40
430Call Mar 171904.60
36Call Mar 171963.20
3Call May 1717611.50
130Call May 1717810.30
100Call May 171915.80
100Call May 171964.80
27Call May 172003.90
130Call May 172083.00
490Put Sep 161553.10
36Put Dec 161502.60
80Put Dec 161554.00
36Put Dec 161658.70
36Put Mar 171563.40
360Put Mar 171604.90
5Put Mar 171656.50
36Put Mar 1717110.00
70Put Mar 1717210.10
130Put May 171481.60
27Put May 171604.30
130Put May 171687.40
27Put May 1717510.90
203Put May 1717611.80
Corn (€/t) : 60 lots
LotsTypeStrikePrime
60Put Nov 161687.50
Rapeseed (€/t) : 274 lots
LotsTypeStrikePrime
20Call Aug 163603.00
4Call Nov 1636012.40 - 14.50
24Call Nov 163806.20
40Call Nov 163855.50
4Call Nov 163906.00
1Call Feb 17362.513.90
10Call May 1735023.00
3Call May 1737014.00
1Put Aug 1636010.00
2Put Aug 16367.514.50
1Put Aug 16377.525.60
1Put Nov 1636012.80
160Put Nov 1637521.20
2Put Nov 1638026.50
1Put Nov 16382.527.50

Wheat (¢/b)
Jul 16446.7500-0.5000
Sep 16458.2500+1.5000
Dec 16478.0000+1.7500
Mar 17495.5000+2.2500
May 17505.5000+1.7500
Corn (¢/b)
Jul 16385.2500+2.7500
Sep 16389.2500+2.7500
Dec 16394.2500+2.7500
Mar 17401.0000+2.7500
May 17405.0000+2.0000
Soybean (¢/b)
Jul 161133.0000+15.7500
Aug 161129.7500+14.2500
Sep 161114.0000+13.7500
Nov 161104.7500+14.0000
Jan 171101.5000+13.2500
Soy meal ($/st)
Jul 16384.0000+6.0000
Aug 16385.0000+6.5000
Sep 16383.4000+6.6000
Oct 16381.6000+6.7000
Dec 16381.5000+5.7000
Soy oil (¢/lb)
Jul 1631.2600+0.0100
Aug 1631.4000+0.0100
Sep 1631.5300+0.0100
Oct 1631.6500-0.0200
Dec 1631.9300-0.0200

28/06/2016

Physical (€/t)
Durum 2015245.00+0.00
Wheat Delivered Rouen 2016157.00+0.00
Corn Fob Bordeaux 2015166.00+0.00
Corn Fob Rhin 2015167.00+0.00
Feed barley Delivered Rouen 2016136.00+0.00
Malting barley Fob Creil 2016186.00+0.00
Rapessed Fob Moselle - Flat356.00+4.00
Sunseed Delivered St Nazaire - Flat370.00+0.00
Feed peas Fob Creil 2016220.00+0.00
Analysis 28/06/2016

European market

Cereals are finding some support from the decline of the euro, consequence of the Brexit. However, the rebound is limited in the context of future harvests and the beginning of works for barley. The rapeseed benefitted from the sharp rebound of soybean in Chicago, confirmed by the pre-opening of this morning.

On the international stage, we can note a sale of 150 000 t of US soybean to unknown destination as a further evidence of the busy export activity of the country. Jordan wants to buy 100 000 t of wheat, hard quality, and 100 000 t of feed barley.

Adverse weather conditions remain on a large part of the north of France, even if precipitations are of less intensity than a few weeks ago. Germany is experiencing rains as well in the south part of the country, a few days ahead of harvests.  Conditions look more favorable in the Black Sea area with perspectives of large harvest in Russia. In Ukraine as well, the collect should be correct despite of the period of hydric deficit during last autumn.

The Brexit remains the main topic for financial markets, with a lot of uncertainties weighing on equities and on the British pound.

Risks linked to a hydric deficit in the large areas of soybean production in USA during July, are supporting oilseed prices, despite of the decline of crude oil weakened by the consequences of the Brexit.

American market

Sharp rebound of soybean yesterday on CBOT, consequence of a high export activity and fears about hydric deficit at crucial flowering stage in July.

USDA released its weekly crop rating, 75% of corn are judged as “good to excellent”, unchanged from last week. For soybean, 72% are in good conditions vs 73% last week.

On wheat, harvests are progressing at a sustained pace, 45% of winter wheat surfaces are now achieved vs 25% last week and 41% on average to date. Yields have been confirmed as good.

Yesterday, funds were net sellers of 3 000 lots of corn and 5 000 lots of wheat. They were net buyers of 11 000 lots of soybean.

Operators will remain cautious due to the uncertain financial climate and before the USDA’s report about acreage estimations for corn and soybean.

Black Sea market

Kazakh authorities are forecasting a cereal production close to last year’s levels. The Ag Minister said the cereal production should raise about 17 Mt, including a wheat collect between 13.7 to 14 Mt. Authorities are expecting an export campaign 2016-17 of about 7.5 Mt grain equivalent, Kazakhstan is actually exporting 1.5 Mt of flour.

During last two weeks, three main oblasts, Kostanaï, North-Kazakhstan and Astana, counting for more than 80% of wheat production of wheat have got 50 mm of precipitations, which is a good new for the 2016’s harvest. Usually, continental weather conditions are the main limiting factor for cereal production.

Live news

Rebound of soybean and rapeseed