Pre-opening 25/04/2024
Paris Chicago
Wheatunch+ 1 cent
Cornunch to -1€/t- 1 cent
Rapeseed- 2 €/t
Soybean- 7 cents
Indexes 25/04/2024
€/$1,0720 $
Oil WTI82,81 $/b

Wheat (€/t)
Mai 24208,75+0,25
Sept. 24231,50+3,00
Déc. 24237,50+3,00
Mars 25239,25+2,25
Mai 25240,75+2,00
Corn (€/t)
Juin 24207,50-3,00
Août 24211,50-2,50
Nov. 24208,00-2,00
Mars 25211,25-0,25
Juin 25211,75-0,50
Rapeseed (€/t)
Mai 24442,00+0,25
Août 24458,00-1,50
Nov. 24464,50-1,00
Févr. 25468,00-0,50
Mai 25467,25-0,25

25/04/2024

Wheat (€/t) : 6599 lots
LotsTypeStrike
500Call Sept. 24220,00
1Call Sept. 24228,00
1Call Sept. 24229,00
230Call Sept. 24230,00
1Call Sept. 24231,00
1698Call Sept. 24233,00
1Call Sept. 24235,00
2Call Sept. 24240,00
220Call Sept. 24245,00
230Call Sept. 24250,00
1698Call Sept. 24263,00
2Call Déc. 24208,00
20Call Déc. 24220,00
1Call Déc. 24230,00
6Call Déc. 24239,00
522Call Déc. 24240,00
50Call Déc. 24245,00
20Call Déc. 24255,00
50Call Déc. 24265,00
50Call Déc. 24270,00
3Call Mai 25235,00
2Call Mai 25237,00
100Put Sept. 24195,00
500Put Sept. 24205,00
30Put Sept. 24215,00
1Put Sept. 24220,00
1Put Sept. 24228,00
101Put Sept. 24230,00
50Put Déc. 24190,00
21Put Déc. 24200,00
170Put Déc. 24205,00
51Put Déc. 24210,00
20Put Déc. 24212,00
20Put Déc. 24215,00
150Put Déc. 24220,00
3Put Déc. 24234,00
71Put Déc. 24235,00
2Put Mai 25220,00
Corn (€/t) : 332 lots
LotsTypeStrike
50Call Nov. 24190,00
40Call Mars 25210,00
121Put Août 24208,00
121Put Août 24213,00
Rapeseed (€/t) : 1900 lots
LotsTypeStrike
300Call Août 24480,00
300Call Août 24500,00
500Call Nov. 24480,00
500Call Nov. 24520,00
300Put Août 24430,00

Wheat (¢/b)
Mai 24594,5000+8,7500
Juil. 24613,0000+8,0000
Sept. 24631,2500+8,2500
Déc. 24654,0000+8,5000
Mars 25672,2500+8,2500
Corn (¢/b)
Mai 24437,7500+4,0000
Juil. 24448,5000+4,7500
Sept. 24458,2500+4,2500
Déc. 24472,7500+4,0000
Mars 25486,0000+3,7500
Soybean (¢/b)
Mai 241166,0000+0,0000
Juil. 241181,5000+1,7500
Août 241184,0000+2,2500
Sept. 241171,7500+3,7500
Nov. 241174,5000+4,5000
Soy meal ($/st)
Mai 24346,0000-0,1000
Juil. 24349,2000+0,5000
Août 24350,0000+0,8000
Sept. 24350,3000+1,0000
Oct. 24350,1000+1,1000
Soy oil (¢/lb)
Mai 2444,6600+0,0700
Juil. 2445,2700+0,0900
Août 2445,4500+0,1300
Sept. 2445,5500+0,1300
Oct. 2445,5300+0,1300

25/04/2024

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 2023 basis310,00+5,00
Corn delivered Bordeaux Spot - July 2023 basis203,00+4,00
Corn FOB Rhin Spot - July 2023 basis200,00+2,00
Feed barley delivered Rouen - July 2023 basis187,00-1,00
Malting barley FOB Creil Spot - July 2023 basis315,00+0,00
Rapessed FOB Moselle Spot - Flat - 2023 harvest442,00-8,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest405,00-5,00
Feed peas FOB Creil Spot - August 2023 basis235,00+0,00

Events

Analysis 25/04/2024

European market

While temperatures remain excessively cold in Western Europe, they continue to climb in southern Russia, reaching 30°C.
Concerns are growing over the new season wheat contract on Euronext, with funds continuing to buy back their short positions. In this context, the September 2024 contract climbed another step yesterday to close up €5.50/t at €228.50/t, returning to its October 1 level.
This widens the gap with the previous campaign. Under the weight of large carryover stocks and international competition, the May 2024 expiry fell by -1 €/t to 208.50 €/t, putting it 20 €/t below September 2024.
The situation is different for corn, where both old and new seasons are progressing. The June 2024 expiry gained +6.25 €/t to close at 210.50 €/t, while November 2024 was up +5.25 €/t to 210 €/t.
Rapeseed is decreasing, with funds already long on the Euronext contract and palm oil struggling in Kuala Lumpur.

American market

In addition to concerns about cold weather in Western Europe and dry conditions in southern Russia, there has been a deterioration in US winter wheat in Kansas, the number 1 producing state in the US. As in Europe, this situation is prompting funds to buy back their short positions, mainly in HRW wheat from the former Kansas City, but also in SRW wheat from Chicago.
Corn and soybeans were much more cautious, closing slightly lower in the absence of any new bullish elements specific to this commodity, whose fundamentals remain weaker than those of wheat. However, the prospect of heavy rain in the Corn Belt over the next few days is beginning to stimulate discussion. In Argentina, it is still the attack by leafhoppers on corn that is causing concern. The Rosario stock exchange said yesterday that the current hot weather was worsening the problem.
Yesterday, funds were buying wheat in Chicago for the 5th consecutive session, while they were selling corn and were neutral on soybeans.

Black Sea market

Click here to request full access to the AgriMarkets report to find out more about the Black Sea region, and follow price trends in Russia on a daily basis.