Pre-opening 26/07/2016
Paris Chicago
Wheatunch+ 2 cents
Corn- 1 €- 1 cent
Rapeseed-1 €
Soybean- 1 cent
Indexes 26/07/2016
€/$1.0997 $
Oil WTI42.92 $/b

Wheat (€/t)
Sep 16166.25-4.25
Dec 16170.75-2.50
Mar 17174.50-1.25
May 17175.00-2.00
Sep 17176.50-2.75
Corn (€/t)
Aug 16170.00-0.75
Nov 16167.00-1.00
Jan 17168.25-0.75
Mar 17172.50+0.50
Jun 17173.50-0.25
Rapeseed (€/t)
Aug 16356.50-1.50
Nov 16360.25+0.75
Feb 17360.50+0.50
May 17361.00+0.00
Aug 17350.25-1.25

26/07/2016

Wheat (€/t) : 17936 lots
LotsTypeStrikePrime
4Call Sep 161619.30
8Call Sep 161655.50
93Call Sep 161674.20 - 5.00
454Call Sep 161703.51
300Call Sep 161801.10 - 1.50
200Call Dec 1616015.10
209Call Dec 1616512.04
102Call Dec 161709.46
12Call Dec 161719.50
11Call Dec 161729.70 - 10.00
1Call Dec 161738.15
10Call Dec 161749.20
1701Call Dec 161758.40
10Call Dec 161766.92
1Call Dec 161777.80
4Call Dec 161786.28
235Call Dec 161806.00 - 6.40
251Call Dec 161903.32
9Call Dec 161913.15
1Call Dec 161932.81
4Call Dec 161962.39
200Call Dec 162001.90
4Call Dec 162022.00
6Call Dec 162032.00
2Call Mar 1717311.80
11Call Mar 1717411.14
134Call Mar 1717510.50 - 11.00
2Call Mar 1717610.26
71Call Mar 1717811.00
250Call Mar 171808.70
10Call Mar 171827.80
1Call Mar 171905.50
1Call May 1717412.50
50Call May 1717610.93
15Call May 1717712.10
820Call May 171906.10
1500Put Sep 161551.20
1Put Sep 161592.00
1000Put Sep 161654.11
1Put Sep 161706.00
20Put Sep 1617912.00
100Put Dec 161451.03
100Put Dec 161501.77
200Put Dec 161542.62
900Put Dec 161552.86
4300Put Dec 161604.20
612Put Dec 161655.60
200Put Dec 161687.71
150Put Dec 161708.71
950Put Dec 1617511.58
725Put Mar 171656.51
25Put Mar 1717410.64
1101Put Mar 1717511.18
800Put May 171657.00 - 7.10
8Put May 171677.50
1Put May 171709.20
45Put May 1717511.75
Corn (€/t) : 202 lots
LotsTypeStrikePrime
200Call Nov 161723.98
2Call Jan 171697.90
Rapeseed (€/t) : 3001 lots
LotsTypeStrikePrime
80Call Nov 163707.10
800Call Nov 163805.00
20Call Nov 163903.20
3Call Feb 1736013.90
102Call May 1736016.50
11Call May 17362.514.70
4Call May 1737011.93
410Call May 173809.00 - 9.30
1Call May 174005.10
100Call May 174054.35
5Call May 17412.53.48
4Call May 174202.75
1150Put Nov 163505.90 - 6.00
310Put May 1735010.40
1Put May 1736015.20

Wheat (¢/b)
Sep 16415.0000+2.0000
Dec 16442.0000+2.0000
Mar 17469.2500+1.2500
May 17482.2500+1.7500
Jul 17489.2500+1.7500
Corn (¢/b)
Sep 16332.5000+1.0000
Dec 16339.5000+0.7500
Mar 17349.0000+1.0000
May 17354.5000+1.7500
Jul 17359.5000+0.5000
Soybean (¢/b)
Aug 16993.5000+2.0000
Sep 16985.0000+2.2500
Nov 16973.7500+3.2500
Jan 17974.5000+2.0000
Mar 17963.2500+3.5000
Soy meal ($/st)
Aug 16341.4000-1.9000
Sep 16341.2000-1.6000
Oct 16339.1000-0.4000
Dec 16338.3000-0.9000
Jan 17334.4000+0.0000
Soy oil (¢/lb)
Aug 1629.5600+0.2000
Sep 1629.6800+0.1800
Oct 1629.8000+0.2200
Dec 1630.0800+0.1900
Jan 1730.3200+0.2000

27/07/2016

Physical (€/t)
Durum 2015230.00-5.00
Wheat Delivered Rouen 2016166.00-2.00
Corn Fob Bordeaux 2015162.00-1.00
Corn Fob Rhin 2015160.00+0.00
Feed barley Delivered Rouen 2016139.00-3.00
Malting barley Fob Creil 2016195.00+5.00
Rapessed Fob Moselle - Flat357.00-2.00
Sunseed Delivered St Nazaire - Flat360.00+0.00
Feed peas Fob Creil 2016220.00+0.00
Analysis 26/07/2016

European market

Fall of volumes of production in France is taking form as straw cereals harvest is progressing, confirming disappointments. The decline of yields observed in France, leader for the production in the EU, is not affecting other countries in the same proportions. We can note a significant increase in Romania and Bulgaria as shown by the EU yesterday. However, operators are very cautious about real export potential of France and other European countries for this season. At the same time, large supplies in Russia are pushing prices down in the Black Sea area.

On Euronext, prices variations are high. Yesterday, wheat prices touched highest levels recorded in June, before declining by the end of the day on front contracts. Physical market is not moving as much in a context of subdued business, traders are waiting for more clarity about volumes and quality to be delivered.

Crude oil is under pressure and oil complex market is declining. Yesterday, rapeseed was in little evolution. European Union crop monitoring service MARS revised yields down compared to June’s previsions.

American market

Despite of high temperatures recorded last week, crop conditions of corn and soybean in USA, at this flowering period, are still favorable with respectively 76% and 71% considered as “good to excellent” by USDA.

Weather forecasts are still ok, pushing prices further down. Soybean has marked a new low since last April on December 2016’s contract in Chicago under 9.80 $/b. Despite of high pace of shipment, the old harvest market is slowing down with few orders registered.

Harvest of soft winter wheat is progressing with 83% of surfaces now achieved. Prices were slightly up, behind recent low touched last week due to large volumes. In a context where European mixed situation could provide export opportunities, American market is showing limited momentum in front of the high competitiveness of Black Sea origins.

Black Sea market

About 80 000 t of barley and 300 000 t of wheat are ready to be shipped in Ukrainian harbors. The pace of export should reinforce quickly on a weekly basis. After a sort of harvest pressure, barley’s prices on physical market are moving up progressively to touch levels of 130 $/t CPT-port basis. This market should have a second chance after that Romania will have exported most of its barley’s volumes (1.5 – 2 Mt) from the third decade of August.

On the wheat market, prices have strangely not reacted to the rise of Euronext. The spread between feed wheat (137 $/t CPT-port) and milling wheat 12.5% (147 $/t CPT-port) remains stable.

Live news

Harvest pressure provokes a decline of wheat prices in Russia