| Paris | Chicago | |
|---|---|---|
| Wheat | -1 €/t | - 6 cents |
| Corn | -1 €/t | - 3 cents |
| Rapeseed | -1 €/t | |
| Soybean | - 3 cents |
| €/$ | 1,0795 $ |
| Oil WTI | 78,26 $/b |
| Wheat (€/t) | |||
|---|---|---|---|
| Sept. 24 | 258,75 | +9,25 | |
| Déc. 24 | 262,75 | +8,50 | |
| Mars 25 | 264,00 | +7,75 | |
| Mai 25 | 264,75 | +7,25 | |
| Sept. 25 | 253,50 | +5,25 | |
| Corn (€/t) | |||
|---|---|---|---|
| Juin 24 | 213,00 | +5,25 | |
| Août 24 | 222,00 | +5,50 | |
| Nov. 24 | 226,00 | +7,25 | |
| Mars 25 | 229,00 | +7,25 | |
| Juin 25 | 229,25 | +5,25 | |
| Rapeseed (€/t) | |||
|---|---|---|---|
| Août 24 | 484,75 | +2,75 | |
| Nov. 24 | 492,00 | +3,00 | |
| Févr. 25 | 492,25 | +2,00 | |
| Mai 25 | 491,25 | +0,00 | |
| Août 25 | 482,25 | +0,00 | |
13/05/2024
| Wheat (€/t) : 11533 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 4 | Call Sept. 24 | 228,00 | |
| 1012 | Call Sept. 24 | 230,00 | |
| 2 | Call Sept. 24 | 235,00 | |
| 8 | Call Sept. 24 | 250,00 | |
| 2045 | Call Sept. 24 | 255,00 | |
| 500 | Call Sept. 24 | 256,00 | |
| 500 | Call Sept. 24 | 260,00 | |
| 1 | Call Sept. 24 | 265,00 | |
| 100 | Call Sept. 24 | 270,00 | |
| 2127 | Call Sept. 24 | 280,00 | |
| 726 | Call Sept. 24 | 300,00 | |
| 15 | Call Déc. 24 | 258,00 | |
| 245 | Call Déc. 24 | 260,00 | |
| 25 | Call Déc. 24 | 270,00 | |
| 150 | Call Déc. 24 | 280,00 | |
| 51 | Call Déc. 24 | 300,00 | |
| 2 | Call Mars 25 | 210,00 | |
| 250 | Call Mars 25 | 300,00 | |
| 40 | Put Sept. 24 | 205,00 | |
| 30 | Put Sept. 24 | 207,00 | |
| 200 | Put Sept. 24 | 224,00 | |
| 100 | Put Sept. 24 | 225,00 | |
| 502 | Put Sept. 24 | 230,00 | |
| 500 | Put Sept. 24 | 233,00 | |
| 70 | Put Sept. 24 | 235,00 | |
| 200 | Put Sept. 24 | 238,00 | |
| 500 | Put Sept. 24 | 240,00 | |
| 2 | Put Sept. 24 | 245,00 | |
| 500 | Put Sept. 24 | 250,00 | |
| 1 | Put Sept. 24 | 255,00 | |
| 60 | Put Déc. 24 | 200,00 | |
| 500 | Put Déc. 24 | 240,00 | |
| 15 | Put Déc. 24 | 245,00 | |
| 51 | Put Déc. 24 | 250,00 | |
| 348 | Put Déc. 24 | 255,00 | |
| 1 | Put Déc. 24 | 257,00 | |
| 20 | Put Déc. 24 | 260,00 | |
| 30 | Put Mars 25 | 250,00 | |
| 30 | Put Mars 25 | 260,00 | |
| 1 | Put Mai 25 | 235,00 | |
| 4 | Put Mai 25 | 240,00 | |
| 5 | Put Mai 25 | 245,00 | |
| 30 | Put Mai 25 | 250,00 | |
| 30 | Put Mai 25 | 260,00 | |
| Corn (€/t) : 6 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 3 | Call Nov. 24 | 230,00 | |
| 2 | Put Nov. 24 | 210,00 | |
| 1 | Put Nov. 24 | 216,00 | |
| Rapeseed (€/t) : 2754 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 50 | Call Août 24 | 500,00 | |
| 50 | Call Août 24 | 530,00 | |
| 500 | Call Nov. 24 | 480,00 | |
| 500 | Call Nov. 24 | 510,00 | |
| 500 | Call Nov. 24 | 520,00 | |
| 500 | Call Nov. 24 | 550,00 | |
| 1 | Call Févr. 25 | 432,50 | |
| 2 | Call Févr. 25 | 495,00 | |
| 250 | Put Août 24 | 450,00 | |
| 101 | Put Août 24 | 470,00 | |
| 100 | Put Août 24 | 490,00 | |
| 200 | Put Nov. 24 | 440,00 | |
| Wheat (¢/b) | |||
|---|---|---|---|
| Juil. 24 | 663,5000 | +23,2500 | |
| Sept. 24 | 682,5000 | +23,7500 | |
| Déc. 24 | 705,2500 | +22,2500 | |
| Mars 25 | 722,0000 | +21,2500 | |
| Mai 25 | 727,7500 | +18,7500 | |
| Corn (¢/b) | |||
|---|---|---|---|
| Mai 24 | 455,7500 | +2,7500 | |
| Juil. 24 | 469,7500 | +2,0000 | |
| Sept. 24 | 480,0000 | +1,0000 | |
| Déc. 24 | 492,0000 | +0,2500 | |
| Mars 25 | 503,5000 | +0,0000 | |
| Soybean (¢/b) | |||
|---|---|---|---|
| Mai 24 | 1205,0000 | +0,5000 | |
| Juil. 24 | 1219,0000 | +0,2500 | |
| Août 24 | 1220,5000 | +2,0000 | |
| Sept. 24 | 1207,0000 | +4,7500 | |
| Nov. 24 | 1205,7500 | +5,7500 | |
| Soy meal ($/st) | |||
|---|---|---|---|
| Mai 24 | 367,0000 | -5,4000 | |
| Juil. 24 | 371,9000 | -5,1000 | |
| Août 24 | 369,4000 | -3,7000 | |
| Sept. 24 | 368,9000 | -3,0000 | |
| Oct. 24 | 368,5000 | -2,9000 | |
| Soy oil (¢/lb) | |||
|---|---|---|---|
| Mai 24 | 43,8100 | +0,7100 | |
| Juil. 24 | 44,4400 | +0,6900 | |
| Août 24 | 44,6800 | +0,7000 | |
| Sept. 24 | 44,8700 | +0,7100 | |
| Oct. 24 | 44,9500 | +0,7300 | |
13/05/2024
| Physical (€/t) | |||
|---|---|---|---|
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report FIND OUT MORE HERE >> | |||
| Durum wheat delivered La Pallice Spot - July 2024 basis | 315,00 | +0,00 | |
| Corn delivered Bordeaux Spot - July 2023 basis | 202,00 | +5,00 | |
| Corn FOB Rhin Spot - July 2023 basis | 200,00 | +5,00 | |
| Feed barley delivered Rouen - July 2024 basis | 215,00 | +5,00 | |
| Malting barley FOB Creil Spot - July 2024 basis | 274,00 | +0,00 | |
| Rapessed FOB Moselle Spot - Flat - 2024 harvest | 482,00 | +6,00 | |
| Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest | 420,00 | +0,00 | |
| Feed peas FOB Creil Spot - August 2024 basis | 270,00 | +0,00 | |
Events
European market
At a time when climatic uncertainties remain high among the major grain exporters, the USDA fueled the current nervousness on Friday.
In its first report for the 2024/2025 campaign, the USDA expects wheat production to fall in the European Union by -2.15 Mt to 132 Mt, in Ukraine by -2 Mt to 21 Mt and in Russia by -3.5 Mt to 88 Mt. This would be offset by Argentina, which would gain 1.1 Mt in production to 17 Mt, Australia with +3 Mt to 29 Mt, the USA with +1.2 Mt to 50.5 Mt and Canada with +2 Mt to 34 Mt.
World wheat production in 2024/2025 is expected to rise to 798.2 Mt from 787.12 Mt in 2023/2024 by the USDA, while consumption is expected to increase to 802.4 Mt from 800.3 Mt in 2023/2024. The result is a further decline in world wheat stocks to 253.6 Mt in 2024/2025 from 257.8 Mt in 2023/2024.
For corn, the USDA forecasts a drop in world production to 1219.9 Mt in 2024/2025, compared with 1228.1 Mt in 2023/2024. At the same time, global corn consumption is expected to rise to 1220.75 Mt from 1215.9 Mt in 2023/2024. As a result, world corn stocks are forecast to fall slightly to 312.3 Mt for 2024/2025, compared with 313.1 Mt for 2023/2024.
Finally, for soybeans, the USDA is forecasting a sharp rise in world production in 2024/2025 to 422.3 Mt from 396.95 Mt in 2023/2024.
Although world consumption is also expected to rise to 401.7 Mt vs. 383.53 Mt in 2023/2024, the result is a large surplus, with world soybean stocks for 2024/2025 rising to an all-time high of 128.5 Mt vs. 111.8 mt in 2023/2024.
The September 2024 contract, which closed on Friday at €249.50/t, the highest since August 8, 2023, is now the first maturity quoted on the Euronext milling wheat contract. May 2024 expired on Friday May 10.
American market
The USDA report published on Friday, May 10, gave the Chicago wheat and corn markets plenty of impetus and support, with weaker-than-consensus balance sheets for 2023/2024 and 2024/2025. Soybeans, which emerged with a heavier-than-expected balance sheet for the new campaign, managed to keep their heads above water with the support of grains.
It should be noted that USDA expects US carryover stocks for wheat, corn and soybeans to rise over 2024/2025.
US wheat production is expected to rise slightly to 50.6 Mt in 2024, compared with 49.3 Mt in 2023. Despite a recovery in exports of +1.5 Mt to 21.1 Mt, wheat stocks are expected to rise to 20.85 Mt in 2024/2025 from 18.7 Mt in 2023/2024.
US corn production in 2024 is forecast by the USDA at 377.46 Mt, compared with 389.7 Mt in 2023. Despite higher domestic consumption (320.2 Mt) and exports (55.9 Mt), corn stocks are expected to rise to 53.4 Mt in 2024/2025, compared with 51.36 Mt in 2023/2024.
For soybeans, the USDA is forecasting US production of 121.1 Mt in 2024, up sharply from 113.3 Mt in 2023. Here too, despite an increase in domestic consumption to 69 Mt and exports to 49.7 Mt, US soybean stocks are expected to rise to 12.11 Mt in 2024/2025 from 9.3 Mt in 2023/2024.
