| Paris | Chicago | |
|---|---|---|
| Wheat | unch | + 1 cent |
| Corn | unch to + 1 € | unch |
| Rapeseed | + 1 € | |
| Soybean | + 5 cents |
| €/$ | 1.1771 $ |
| Oil WTI | 47.64 $/b |
| Wheat (€/t) | |||
|---|---|---|---|
| Sep 17 | 151.50 | +0.00 | |
| Dec 17 | 159.25 | -0.25 | |
| Mar 18 | 164.25 | -0.25 | |
| May 18 | 168.25 | -0.75 | |
| Sep 18 | 170.00 | -0.50 | |
| Corn (€/t) | |||
|---|---|---|---|
| Nov 17 | 158.75 | -0.25 | |
| Jan 18 | 161.50 | -0.25 | |
| Mar 18 | 163.75 | -0.50 | |
| Jun 18 | 167.50 | +0.00 | |
| Aug 18 | 170.00 | -0.50 | |
| Rapeseed (€/t) | |||
|---|---|---|---|
| Nov 17 | 368.75 | +2.00 | |
| Feb 18 | 371.25 | +1.75 | |
| May 18 | 372.75 | +2.00 | |
| Aug 18 | 357.25 | +1.50 | |
| Nov 18 | 360.50 | +1.50 | |
| Nitrogen solution (€/t) | |||
|---|---|---|---|
| Nov 17 | 140.50 | +0.00 | |
| Mar 18 | 148.00 | +0.00 | |
| Jun 18 | 148.00 | +0.00 | |
| Sep 18 | 144.00 | +0.00 | |
| Nov 18 | 145.00 | +0.00 | |
22/08/2017
| Wheat (€/t) : 4022 lots | |||
|---|---|---|---|
| Lots | Type | Strike | Prime |
| 1 | Call Dec 17 | 159 | 4.80 |
| 230 | Call Dec 17 | 160 | 4.16 |
| 4 | Call Dec 17 | 163 | 3.90 |
| 100 | Call Dec 17 | 165 | 2.34 |
| 131 | Call Dec 17 | 170 | 2.50 |
| 40 | Call Dec 17 | 181 | 0.50 |
| 350 | Call Dec 17 | 190 | 0.39 |
| 150 | Call Dec 17 | 192 | 0.36 |
| 600 | Call Dec 17 | 195 | 0.28 |
| 2 | Call Dec 17 | 200 | 0.17 |
| 1 | Call Mar 18 | 164 | 7.00 |
| 13 | Call Mar 18 | 165 | 6.80 |
| 350 | Call Mar 18 | 166 | 6.10 |
| 500 | Call Mar 18 | 168 | 4.95 |
| 5 | Call Mar 18 | 170 | 4.50 - 4.70 |
| 265 | Call Mar 18 | 175 | 2.82 |
| 100 | Call Mar 18 | 180 | 2.00 - 2.10 |
| 100 | Call Mar 18 | 183 | 1.54 |
| 10 | Call Mar 18 | 185 | 1.60 |
| 50 | Call Mar 18 | 200 | 0.68 |
| 4 | Call May 18 | 166 | 8.70 |
| 7 | Call May 18 | 167 | 8.70 |
| 10 | Call May 18 | 169 | 8.00 |
| 2 | Call May 18 | 170 | 8.50 |
| 3 | Call May 18 | 171 | 6.80 |
| 9 | Call May 18 | 180 | 3.56 |
| 50 | Call May 18 | 190 | 2.00 |
| 250 | Call May 18 | 205 | 0.90 |
| 12 | Call Sep 18 | 170 | 8.95 |
| 2 | Call Sep 18 | 178 | 6.50 |
| 10 | Call Dec 18 | 180 | 7.79 |
| 50 | Call Dec 18 | 212 | 2.05 |
| 120 | Put Dec 17 | 155 | 2.64 |
| 1 | Put Dec 17 | 160 | 4.30 |
| 6 | Put Dec 17 | 161 | 4.70 |
| 30 | Put Dec 17 | 168 | 10.50 |
| 2 | Put Dec 17 | 175 | 16.47 |
| 250 | Put Mar 18 | 155 | 2.89 |
| 100 | Put Mar 18 | 160 | 4.62 |
| 100 | Put Mar 18 | 166 | 7.00 |
| 2 | Put May 18 | 168 | 7.43 |
| Corn (€/t) : 851 lots | |||
|---|---|---|---|
| Lots | Type | Strike | Prime |
| 1 | Call Mar 18 | 163 | 6.80 |
| 410 | Call Mar 18 | 175 | 2.30 |
| 40 | Put Nov 17 | 155 | 1.71 |
| 400 | Put Mar 18 | 164 | 5.98 |
| Rapeseed (€/t) : 381 lots | |||
|---|---|---|---|
| Lots | Type | Strike | Prime |
| 6 | Call Feb 18 | 370 | 12.00 |
| 4 | Call Feb 18 | 372.5 | 11.30 |
| 100 | Call Feb 18 | 375 | 9.72 |
| 1 | Call Feb 18 | 377.5 | 9.00 |
| 103 | Call Feb 18 | 380 | 7.81 |
| 40 | Call Feb 18 | 390 | 4.10 |
| 80 | Call Feb 18 | 395 | 3.10 |
| 9 | Call May 18 | 372.5 | 14.50 - 14.60 |
| 3 | Call May 18 | 375 | 13.09 |
| 1 | Call May 18 | 390 | 7.71 |
| 31 | Put Nov 17 | 360 | 3.50 |
| 1 | Put Nov 17 | 365 | 5.10 |
| 2 | Put Nov 17 | 367.5 | 6.03 |
| Wheat EU (€/t) | |||
|---|---|---|---|
| Sep 17 | 150.2500 | -2.0000 | |
| Dec 17 | 158.5000 | -1.5000 | |
| Mar 18 | 165.0000 | +0.7500 | |
| May 18 | 168.2500 | +0.5000 | |
| Sep 18 | 164.5000 | -0.7500 | |
| Wheat (¢/b) | |||
|---|---|---|---|
| Sep 17 | 402.2500 | +0.7500 | |
| Dec 17 | 429.0000 | +0.7500 | |
| Mar 18 | 452.7500 | +0.5000 | |
| May 18 | 467.7500 | +0.5000 | |
| Jul 18 | 481.5000 | +0.2500 | |
| Corn (¢/b) | |||
|---|---|---|---|
| Sep 17 | 346.0000 | +0.2500 | |
| Dec 17 | 360.0000 | +0.0000 | |
| Mar 18 | 372.5000 | +0.0000 | |
| May 18 | 378.7500 | +0.2500 | |
| Jul 18 | 385.0000 | +0.0000 | |
| Soybean (¢/b) | |||
|---|---|---|---|
| Sep 17 | 933.7500 | +5.2500 | |
| Nov 17 | 937.5000 | +5.7500 | |
| Jan 18 | 945.7500 | +6.0000 | |
| Mar 18 | 954.0000 | +6.5000 | |
| May 18 | 961.5000 | +6.2500 | |
| Soy meal ($/st) | |||
|---|---|---|---|
| Sep 17 | 295.3000 | -0.5000 | |
| Oct 17 | 296.8000 | -0.5000 | |
| Dec 17 | 298.7000 | -0.5000 | |
| Jan 18 | 299.7000 | -0.7000 | |
| Mar 18 | 302.3000 | -0.4000 | |
| Soy oil (¢/lb) | |||
|---|---|---|---|
| Sep 17 | 34.0600 | +0.7100 | |
| Oct 17 | 34.1900 | +0.6800 | |
| Dec 17 | 34.4200 | +0.7000 | |
| Jan 18 | 34.5700 | +0.7000 | |
| Mar 18 | 34.7900 | +0.6600 | |
23/08/2017
| Physical (€/t) | |||
|---|---|---|---|
| Durum Wheat Delivered Port la Nouvelle Spot - July 2017 basis | 245.00 | +0.00 | |
| Wheat Delivered Rouen - July 2017 basis | 151.00 | -2.00 | |
| Corn Fob Bordeaux Spot - July 2016 basis | 156.00 | -1.00 | |
| Corn Fob Rhin Spot - July 2016 basis | 153.00 | +0.00 | |
| Feed barley Delivered Rouen - July 2017 basis | 139.00 | +1.00 | |
| Malting barley Fob Creil Spot - July 2017 basis | 198.00 | -1.00 | |
| Rapessed Fob Moselle Spot - Flat - 2017 harvest | 367.00 | +3.00 | |
| Sunseed Delivered St Nazaire Spot - Flat - 2016 harvest | 340.00 | +0.00 | |
| Feed peas Fob Creil Spot - August 2017 basis | 195.00 | +0.00 | |
Events
-
Agritel at the European Commodities Exchange12-13 Oct
-
Paris Grain Day 201825-26 Jan
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.
