Pre-opening 23/08/2017
Paris Chicago
Wheatunch+ 1 cent
Cornunch to + 1 €unch
Rapeseed+ 1 €
Soybean+ 5 cents
Indexes 22/08/2017
€/$1.1771 $
Oil WTI47.64 $/b

Wheat (€/t)
Sep 17151.50+0.00
Dec 17159.25-0.25
Mar 18164.25-0.25
May 18168.25-0.75
Sep 18170.00-0.50
Corn (€/t)
Nov 17158.75-0.25
Jan 18161.50-0.25
Mar 18163.75-0.50
Jun 18167.50+0.00
Aug 18170.00-0.50
Rapeseed (€/t)
Nov 17368.75+2.00
Feb 18371.25+1.75
May 18372.75+2.00
Aug 18357.25+1.50
Nov 18360.50+1.50
Nitrogen solution (€/t)
Nov 17140.50+0.00
Mar 18148.00+0.00
Jun 18148.00+0.00
Sep 18144.00+0.00
Nov 18145.00+0.00

22/08/2017

Wheat (€/t) : 4022 lots
LotsTypeStrikePrime
1Call Dec 171594.80
230Call Dec 171604.16
4Call Dec 171633.90
100Call Dec 171652.34
131Call Dec 171702.50
40Call Dec 171810.50
350Call Dec 171900.39
150Call Dec 171920.36
600Call Dec 171950.28
2Call Dec 172000.17
1Call Mar 181647.00
13Call Mar 181656.80
350Call Mar 181666.10
500Call Mar 181684.95
5Call Mar 181704.50 - 4.70
265Call Mar 181752.82
100Call Mar 181802.00 - 2.10
100Call Mar 181831.54
10Call Mar 181851.60
50Call Mar 182000.68
4Call May 181668.70
7Call May 181678.70
10Call May 181698.00
2Call May 181708.50
3Call May 181716.80
9Call May 181803.56
50Call May 181902.00
250Call May 182050.90
12Call Sep 181708.95
2Call Sep 181786.50
10Call Dec 181807.79
50Call Dec 182122.05
120Put Dec 171552.64
1Put Dec 171604.30
6Put Dec 171614.70
30Put Dec 1716810.50
2Put Dec 1717516.47
250Put Mar 181552.89
100Put Mar 181604.62
100Put Mar 181667.00
2Put May 181687.43
Corn (€/t) : 851 lots
LotsTypeStrikePrime
1Call Mar 181636.80
410Call Mar 181752.30
40Put Nov 171551.71
400Put Mar 181645.98
Rapeseed (€/t) : 381 lots
LotsTypeStrikePrime
6Call Feb 1837012.00
4Call Feb 18372.511.30
100Call Feb 183759.72
1Call Feb 18377.59.00
103Call Feb 183807.81
40Call Feb 183904.10
80Call Feb 183953.10
9Call May 18372.514.50 - 14.60
3Call May 1837513.09
1Call May 183907.71
31Put Nov 173603.50
1Put Nov 173655.10
2Put Nov 17367.56.03

Wheat EU (€/t)
Sep 17150.2500-2.0000
Dec 17158.5000-1.5000
Mar 18165.0000+0.7500
May 18168.2500+0.5000
Sep 18164.5000-0.7500
Wheat (¢/b)
Sep 17402.2500+0.7500
Dec 17429.0000+0.7500
Mar 18452.7500+0.5000
May 18467.7500+0.5000
Jul 18481.5000+0.2500
Corn (¢/b)
Sep 17346.0000+0.2500
Dec 17360.0000+0.0000
Mar 18372.5000+0.0000
May 18378.7500+0.2500
Jul 18385.0000+0.0000
Soybean (¢/b)
Sep 17933.7500+5.2500
Nov 17937.5000+5.7500
Jan 18945.7500+6.0000
Mar 18954.0000+6.5000
May 18961.5000+6.2500
Soy meal ($/st)
Sep 17295.3000-0.5000
Oct 17296.8000-0.5000
Dec 17298.7000-0.5000
Jan 18299.7000-0.7000
Mar 18302.3000-0.4000
Soy oil (¢/lb)
Sep 1734.0600+0.7100
Oct 1734.1900+0.6800
Dec 1734.4200+0.7000
Jan 1834.5700+0.7000
Mar 1834.7900+0.6600

23/08/2017

Physical (€/t)
Durum Wheat Delivered Port la Nouvelle Spot - July 2017 basis245.00+0.00
Wheat Delivered Rouen - July 2017 basis151.00-2.00
Corn Fob Bordeaux Spot - July 2016 basis156.00-1.00
Corn Fob Rhin Spot - July 2016 basis153.00+0.00
Feed barley Delivered Rouen - July 2017 basis139.00+1.00
Malting barley Fob Creil Spot - July 2017 basis198.00-1.00
Rapessed Fob Moselle Spot - Flat - 2017 harvest367.00+3.00
Sunseed Delivered St Nazaire Spot - Flat - 2016 harvest340.00+0.00
Feed peas Fob Creil Spot - August 2017 basis195.00+0.00

Events

Analysis 23/08/2017

European market

Wheat prices touched new lows yesterday confirming the bearish trend in place since a few weeks. The December 2017 delivery is now dealing below 160 €/t on Euronext as on the European contract of the CME who closed last night at 158.50 €/t. French operators are currently monitoring the evolution of harvests in Germany where volumes and quality are seen degraded due to repeated rainfall.

The drop of prices is pushing importing countries to come back on the market. Many tenders have been launched in last days.

Algeria is seeking soft wheat for November deliveries. Tunisia on its side is looking for feed barley and Iran for corn and feed barley. Ample supplies in the Black Sea, especially in Russia, are weighing on the market. Russia will have to mobilize additional logistic capacities to be able to export larger volumes during marketing year.

Rapeseed market was showing improved trend yesterday thanks to a rising veg oil context.

American market

Wheat prices registered new lows in Chicago, pushing the whole grain market down.

Regarding corn, prices of several contracts are now coming back on similar levels seen in last September. New rainfalls are also favourable. Field counting’s for the Farm Journal Midwest Crop Tour are going on, showing better yields compared to last year in Nebraska at 165.42 bu/acre. However, the situation is different in Indiana where yields could be lower compared to last year at 171.23 bu/acre.

Soybean prices rose in Chicago, benefiting from the firmness of soy oil which returned on its highest levels since end of July. They were also supported by lower yield estimations than last year.

Black Sea market

The Ukrainian sunflower harvest has started in Zaporizhia and Kherson oblasts. At this stage of harvest, it is too early to predict the issue of the campaign. As a reminder, Agritel was estimating in last Black Sea Highlight a production of 13.5 Mt based on an average yield of 2.14 t/ha and an acreage of 6.3 M ha. In Russia, first cuts have also been observed and Agritel is forecasting an output of 11 Mt. Due to several heatwaves this summer, sunflower harvest is not recording any delay compared to last year.

The recent upward trend seen on sun oil prices in Rotterdam, at highest level since February 2017, will offer decent income for this crop. The good profitability of sunflower has provoked a keen interest of Black Sea producers.

Live news

Many international tenders of wheat and barley