|Corn||unchanged||+ 1 cent|
|Oil WTI||44.32 $/b|
|Wheat (€/t) : 452 lots|
|100||Call Sep 16||183||1.20|
|101||Call Dec 16||170||6.90|
|1||Call Dec 16||210||1.00|
|100||Put Sep 16||155||4.50|
|100||Put Sep 16||165||9.80|
|50||Put Mar 17||155||3.20|
|Corn (€/t) : 164 lots|
|3||Call Aug 16||167||6.40|
|1||Call Nov 16||173||5.10|
|80||Call Nov 16||190||2.10|
|80||Put Nov 16||150||2.10|
|Rapeseed (€/t) : 750 lots|
|50||Call Aug 16||365||8.00|
|700||Call Aug 16||377.5||4.80|
|Soy meal ($/st)|
|Soy oil (¢/lb)|
|Wheat Delivered Rouen||140.00||-1.00|
|Corn Fob Bordeaux||154.00||-2.00|
|Corn Fob Rhin||161.00||+0.00|
|Feed barley Delivered Rouen||131.00||+0.00|
|Malting barley Fob Creil||155.00||+0.00|
|Rapessed Fob Moselle||362.00||+0.00|
|Sunseed Delivered St Nazaire||365.00||+0.00|
|Feed peas Fob Creil||192.00||+0.00|
Despite the decline of the euro against dollar, which had found earlier this week, a new high since August, above 1.16, european cereals decline in the wake of the US market. Wheat market slightly decrease in spite of weekly export certifcates which remains high, reaching 847 243 t. Other cereals made a stop, like barley where only 54 602 t of certificated granted while maize imports are continuing.
The activity in the futures market made a stop yesterday, in direct link with the absence of many operators at the end of first week of May. The approach of the end of season now grows gradually operators to turn to the new crop. Wheat prices for new campaign, early deliveries are still low compared to more distant deliveries.
For rapeseed, market remains steady that despite rapid progress of sowing in Canada, the current dry conditions must be monitored during crop development.
Black Sea market
Spring sowings should confirm the general feeling for the Black Sea area, namely, a resurgence in popularity especially for corn and sunflower in Ukraine and Russia. Indeed, expert’s expectations appear in a high range with a rebound expected for sowings of Ukrainian corn, that could approach the record of 2014. Same expectations for sunflower, which is a particularly a “low cost” crop in those areas. With a production potential of over 22,5 Mt for the product in Ukraine and Russia, no doubt availabilities for export will be. As part of its information gathering activity and the EAT (European Agritel Tour) service, the Agritel team will go back to Ukrainian plains from 6th to 10th of June. If you want to join us during this CROP TOUR, please contact us at +33 1 53 05 96 70.