| Paris | Chicago | |
|---|---|---|
| Wheat | unch | + 2 cents |
| Corn | unch | +1 cent |
| Rapeseed | unch to -1 €/t | |
| Soybean | unch |
| €/$ | 1,0779 $ |
| Oil WTI | 79,26 $/b |
| Wheat (€/t) | |||
|---|---|---|---|
| Sept. 24 | 249,50 | +4,75 | |
| Déc. 24 | 254,25 | +4,00 | |
| Mars 25 | 256,25 | +3,50 | |
| Mai 25 | 257,50 | +3,25 | |
| Sept. 25 | 248,25 | +1,75 | |
| Corn (€/t) | |||
|---|---|---|---|
| Juin 24 | 207,75 | +5,00 | |
| Août 24 | 216,50 | +3,50 | |
| Nov. 24 | 218,75 | +3,75 | |
| Mars 25 | 221,75 | +4,75 | |
| Juin 25 | 224,00 | +6,00 | |
| Rapeseed (€/t) | |||
|---|---|---|---|
| Août 24 | 482,00 | +6,25 | |
| Nov. 24 | 489,00 | +5,75 | |
| Févr. 25 | 490,25 | +5,00 | |
| Mai 25 | 491,25 | +4,50 | |
| Août 25 | 482,25 | +5,50 | |
10/05/2024
| Wheat (€/t) : 21597 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 1 | Call Sept. 24 | 235,00 | |
| 300 | Call Sept. 24 | 250,00 | |
| 135 | Call Sept. 24 | 255,00 | |
| 385 | Call Sept. 24 | 260,00 | |
| 100 | Call Sept. 24 | 262,00 | |
| 1898 | Call Sept. 24 | 265,00 | |
| 143 | Call Sept. 24 | 270,00 | |
| 50 | Call Sept. 24 | 280,00 | |
| 2289 | Call Sept. 24 | 300,00 | |
| 200 | Call Sept. 24 | 350,00 | |
| 839 | Call Déc. 24 | 255,00 | |
| 500 | Call Déc. 24 | 260,00 | |
| 300 | Call Déc. 24 | 265,00 | |
| 500 | Call Déc. 24 | 270,00 | |
| 125 | Call Déc. 24 | 275,00 | |
| 5000 | Call Déc. 24 | 280,00 | |
| 100 | Call Déc. 24 | 290,00 | |
| 5550 | Call Déc. 24 | 300,00 | |
| 1 | Call Mars 25 | 256,00 | |
| 25 | Call Mars 25 | 275,00 | |
| 25 | Call Mai 25 | 275,00 | |
| 450 | Put Sept. 24 | 220,00 | |
| 1500 | Put Sept. 24 | 225,00 | |
| 200 | Put Sept. 24 | 230,00 | |
| 10 | Put Sept. 24 | 235,00 | |
| 90 | Put Sept. 24 | 240,00 | |
| 16 | Put Sept. 24 | 245,00 | |
| 93 | Put Sept. 24 | 250,00 | |
| 250 | Put Déc. 24 | 220,00 | |
| 100 | Put Déc. 24 | 230,00 | |
| 12 | Put Déc. 24 | 235,00 | |
| 10 | Put Déc. 24 | 241,00 | |
| 100 | Put Déc. 24 | 245,00 | |
| 68 | Put Déc. 24 | 250,00 | |
| 40 | Put Déc. 24 | 255,00 | |
| 10 | Put Mars 25 | 238,00 | |
| 10 | Put Mars 25 | 244,00 | |
| 55 | Put Mars 25 | 250,00 | |
| 30 | Put Mars 25 | 255,00 | |
| 10 | Put Mai 25 | 240,00 | |
| 2 | Put Mai 25 | 245,00 | |
| 55 | Put Mai 25 | 250,00 | |
| 20 | Put Mai 25 | 255,00 | |
| Corn (€/t) : 103 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 1 | Call Août 24 | 189,00 | |
| 100 | Put Nov. 24 | 200,00 | |
| 2 | Put Nov. 24 | 216,00 | |
| Rapeseed (€/t) : 145 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 25 | Call Août 24 | 480,00 | |
| 20 | Call Août 24 | 500,00 | |
| 100 | Call Août 24 | 600,00 | |
| Wheat (¢/b) | |||
|---|---|---|---|
| Mai 24 | 619,7500 | +26,0000 | |
| Juil. 24 | 637,5000 | +24,2500 | |
| Sept. 24 | 657,7500 | +23,2500 | |
| Déc. 24 | 682,2500 | +21,5000 | |
| Mars 25 | 701,0000 | +20,0000 | |
| Corn (¢/b) | |||
|---|---|---|---|
| Mai 24 | 442,7500 | +12,5000 | |
| Juil. 24 | 456,5000 | +12,0000 | |
| Sept. 24 | 467,0000 | +11,5000 | |
| Déc. 24 | 480,0000 | +10,5000 | |
| Mars 25 | 493,0000 | +9,0000 | |
| Soybean (¢/b) | |||
|---|---|---|---|
| Mai 24 | 1192,7500 | +12,2500 | |
| Juil. 24 | 1208,5000 | +10,2500 | |
| Août 24 | 1210,2500 | +9,5000 | |
| Sept. 24 | 1200,0000 | +6,5000 | |
| Nov. 24 | 1200,5000 | +4,7500 | |
| Soy meal ($/st) | |||
|---|---|---|---|
| Mai 24 | 368,0000 | -1,0000 | |
| Juil. 24 | 372,9000 | -0,4000 | |
| Août 24 | 371,5000 | -1,4000 | |
| Sept. 24 | 371,2000 | -1,7000 | |
| Oct. 24 | 370,7000 | -1,7000 | |
| Soy oil (¢/lb) | |||
|---|---|---|---|
| Mai 24 | 42,0100 | +1,8000 | |
| Juil. 24 | 42,6400 | +1,6700 | |
| Août 24 | 42,9300 | +1,6300 | |
| Sept. 24 | 43,1700 | +1,5400 | |
| Oct. 24 | 43,3200 | +1,4900 | |
10/05/2024
| 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 | 197,00 | -7,00 | |
| Corn FOB Rhin Spot - July 2023 basis | 195,00 | -5,00 | |
| Feed barley delivered Rouen - July 2024 basis | 210,00 | +0,00 | |
| Malting barley FOB Creil Spot - July 2024 basis | 274,00 | +0,00 | |
| Rapessed FOB Moselle Spot - Flat - 2024 harvest | 476,00 | -4,00 | |
| 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
While physical trading is restricted by this week's public holidays in France and Europe, Euronext remains nervous. Trading volumes, although below the average of the last 2 weeks, remained significant.
On the international scene, however, trading continued on Wednesday with the purchase of 420,000 t of wheat by Egypt, including 360,000 t of Russian wheat and 60,000 t of Romanian wheat for shipments between June 7 and 28.
After the spike in prices at the start of the week, the grain market is looking to consolidate. But climatic concerns are never far away, as illustrated by the state of emergency declared in various districts of central Russia following last weekend's frost. As a result, Euronext wheat reached a high of €247/t yesterday on the September 2024 contract.
However, a wait-and-see attitude prevails ahead of the USDA's monthly report on Friday May 10. In particular, operators are waiting to see to what extent the USDA will incorporate the decline in European wheat production for the new 2024/2025 campaign.
American market
The Chicago wheat market was responsive yesterday to declarations of a state of emergency in three districts of central Russia following last weekend's frost episode. Corn and soybeans, on the other hand, are focused on the upcoming publication of the USDA report on Friday May 10, 2024. For this 1st WASDE report concerning the 2024/2025 crop year, operators are anticipating a heavier US and world corn and soybean situation, which is weighing on prices in Chicago.
Funds have thus returned to buying wheat, while they have been selling corn and soybeans since Tuesday.
However, production issues in South America continue to be present in the background, whether with regard to the exceptional flooding on the Rio Grande Do Sul in Brazil or the ravages of leafhoppers on Argentine corn.
Yesterday, the USDA reported weekly export sales of 889,200 t of corn and 428,900 t of soybeans for the 2023/2024 season. U.S. wheat, for which old-crop trade is almost complete, posted weekly export sales of 406,000 t for the new 2024/2025 crop year.
In addition, the USDA announced yesterday the exceptional sale of 132,080 t of US corn to Mexico.
