|Wheat||unch. to -1 €||- 2 cents|
|Corn||unch. to -1 €||- 1 cents|
|Rapeseed||unch. to -1 €|
|Soybean||- 4 cents|
|Oil WTI||57.36 $/b|
|Nitrogen solution (€/t)|
|Wheat (€/t) : 1390 lots|
|1||Call Mar 18||162||3.10 - 3.29|
|2||Call May 18||163||5.69|
|120||Call May 18||180||1.02|
|6||Call May 18||204||0.19|
|40||Call Sep 18||168||7.50 - 7.56|
|120||Call Dec 18||185||4.19|
|6||Call May 19||195||4.70|
|800||Put Mar 18||160||3.23|
|3||Put May 18||160||2.92|
|126||Put May 18||164||4.68|
|40||Put Sep 18||160||4.00|
|120||Put Dec 18||170||8.35|
|6||Put May 19||180||13.60|
|Corn (€/t) : 100 lots|
|50||Call Nov 18||180||2.39|
|50||Put Nov 18||160||5.47|
|Rapeseed (€/t) : 806 lots|
|740||Call Feb 18||390||0.35|
|2||Call May 18||365||10.00|
|2||Call May 18||375||5.70|
|30||Call Nov 18||380||7.29|
|2||Call Nov 18||420||2.00|
|30||Put Nov 18||360||14.12|
|Wheat EU (€/t)|
|Soy meal ($/st)|
|Soy oil (¢/lb)|
|Durum wheat delivered Port la Nouvelle Spot - July 2017 basis||225.00||+0.00|
|Wheat delivered Rouen - July 2017 basis||154.00||+2.00|
|Corn delivered Bordeaux Spot - July 2017 basis||152.00||+2.00|
|Corn FOB Rhin Spot - July 2017 basis||159.00||+0.50|
|Feed barley delivered Rouen - July 2017 basis||147.00||+2.00|
|Malting barley FOB Creil Spot - July 2017 basis||198.00||+0.00|
|Rapessed FOB Moselle Spot - Flat - 2017 harvest||365.00||-1.00|
|Sunseed delivered St Nazaire Spot - Flat - 2017 harvest||325.00||+0.00|
|Feed peas FOB Creil Spot - August 2017 basis||180.00||+0.00|
Respite for markets on Friday in a context that remains globally bearish for all agricultural commodities.
The upward revisions by StatsCan last week on all productions in Canada combined with perspectives of new rainfalls in Argentina for coming days were pressuring markets early this week.
Markets should narrow more and more with the approach of the end of the year.
On the international scene, the USA sold 268 000 t of soybean to China. South Korea bought 61 000 t of corn from optional origins.
Sovecon (which will be attending the Paris Grain Day 2018) revised up its wheat production estimation for 2017 in Russia at 84.2 Mt and displays a first estimation for next year at 76.7 Mt. For the moment, climatic conditions in the black Sea area are satisfying.
The increase of palmoil stocks in Malaysia combined with an increase of production and a decrease of exports is weighing on the oil market. This situation combined with a decrease of soybean and crude oil prices are therefore pressuring rapeseed prices.
The dollar is staying firm to start the week with a likely interest rate hike from the FED on Wednesday.
Wheat prices are reaching new lows in Chicago for the year in a context that remains heavy for this product and because of an intense competition on the international stage.
Soybean, which displayed a certain firmness these past weeks, lost ground returning under the 10 $/bu threshold caused by better climatic conditions on the South-American continent.
AgRural is displaying a production estimation in soybean for Brazil at 112.9 Mt against 110.2 seen in the previous estimation.
On Friday, funds were net buyers in 3 500 lots of corn. They were net sellers in 5 000 lots of soybean and 3 000 lots of wheat.
Black Sea market
Without consultation of professionals, the Ukrainian Parliament has decided that from the 1st of March 2018,the VAT on oilseed exports will be removed. Rapeseed is almost completely destined to be exported and so is soybean as half of the volume is destined to international markets. These two commodities could be the most penalized by the decrease of domestic prices which could reach – 20 % especially for rapeseed. Sunflower seed, crushed locally, should not register the same price decrease. Main crushers of the country have pushed this legislation since with the rumour they are not covered for coming months… The discontent of producers and their representatives could encourage the Rada to reconsider its decision in coming days…