Pre-opening 26/01/2022
Paris Chicago
Wheat- 1 €/t to - 2 €/t-7 cents
Corn- 1 €/t to - 2 €/t-3 cents
Rapeseed- 1 €/t to - 2 €/t
Soybean-7 cents
Indexes 25/01/2022
€/$1,1268 $
Oil WTI85,60 $/b

Wheat (€/t)
Mars 22290,75-6,25
Mai 22287,75-6,25
Sept. 22261,75-4,00
Déc. 22262,25-4,25
Mars 23261,75-4,00
Corn (€/t)
Mars 22257,75-5,00
Juin 22258,50-5,00
Août 22261,50-5,00
Nov. 22232,25-4,50
Mars 23230,00+1,25
Rapeseed (€/t)
Févr. 22715,25-0,25
Mai 22672,75-1,75
Août 22600,75-1,00
Nov. 22599,00-1,75
Févr. 23595,50+6,00

25/01/2022

Wheat (€/t) : 23733 lots
LotsTypeStrike
50Call Mars 22230,00
10Call Mars 22270,00
150Call Mars 22285,00
675Call Mars 22290,00
800Call Mars 22295,00
575Call Mars 22300,00
1400Call Mars 22305,00
500Call Mars 22310,00
400Call Mai 22280,00
91Call Mai 22285,00
1900Call Mai 22295,00
620Call Mai 22300,00
150Call Mai 22330,00
20Call Sept. 22270,00
10Call Sept. 22275,00
20Call Sept. 22280,00
1Call Déc. 22245,00
2285Call Déc. 22260,00
58Call Déc. 22270,00
6250Call Déc. 22290,00
58Call Déc. 22300,00
50Call Mars 23275,00
1000Put Mars 22245,00
400Put Mars 22250,00
400Put Mars 22260,00
100Put Mars 22264,00
80Put Mars 22265,00
457Put Mars 22270,00
75Put Mars 22275,00
700Put Mars 22280,00
100Put Mars 22290,00
100Put Mars 22300,00
300Put Mai 22245,00
40Put Mai 22255,00
800Put Mai 22265,00
40Put Mai 22275,00
450Put Mai 22280,00
43Put Sept. 22230,00
1Put Sept. 22245,00
30Put Sept. 22250,00
100Put Sept. 22260,00
2200Put Déc. 22230,00
1Put Déc. 22238,00
19Put Déc. 22240,00
1Put Déc. 22242,00
70Put Déc. 22250,00
100Put Déc. 22260,00
3Put Mars 23240,00
50Put Mars 23250,00
Corn (€/t) : 98 lots
LotsTypeStrike
25Call Nov. 22245,00
18Put Mars 22256,00
3Put Juin 22257,00
25Put Nov. 22210,00
1Put Nov. 22220,00
1Put Nov. 22225,00
25Put Nov. 22227,00
Rapeseed (€/t) : 629 lots
LotsTypeStrike
13Call Mai 22670,00
50Call Mai 22685,00
100Call Mai 22690,00
1Call Mai 22700,00
100Call Mai 22730,00
100Call Mai 22750,00
75Call Août 22600,00
1Call Août 22650,00
1Call Nov. 22650,00
50Put Mai 22630,00
113Put Mai 22650,00
25Put Août 22580,00

Wheat (¢/b)
Mars 22818,0000-16,7500
Mai 22822,2500-15,5000
Juil. 22807,7500-13,7500
Sept. 22807,0000-12,7500
Déc. 22810,2500-12,7500
Corn (¢/b)
Mars 22620,0000-2,5000
Mai 22618,5000-2,2500
Juil. 22614,2500-2,0000
Sept. 22582,2500-1,0000
Déc. 22569,7500+0,0000
Soybean (¢/b)
Mars 221407,2500+2,2500
Mai 221416,0000+2,2500
Juil. 221420,2500+2,2500
Août 221398,0000+2,0000
Sept. 221344,5000-2,5000
Soy meal ($/st)
Mars 22392,0000-0,6000
Mai 22391,3000-1,0000
Juil. 22390,3000-1,0000
Août 22385,1000-1,5000
Sept. 22378,6000-1,7000
Soy oil (¢/lb)
Mars 2262,5100+0,5700
Mai 2262,6000+0,5700
Juil. 2262,3300+0,5700
Août 2261,6900+0,5100
Sept. 2261,0400+0,5100

26/01/2022

Physical (€/t)
Durum wheat delivered La Pallice Spot - July 2021 basis465,00+0,00
Wheat delivered Rouen - July 2021 basis288,00+10,00
Corn delivered Bordeaux Spot - July 2021 basis261,00+6,00
Corn FOB Rhin Spot - July 2021 basis268,00+5,00
Feed barley delivered Rouen - July 2021 basis271,00+10,00
Malting barley FOB Creil Spot - July 2021 basis350,00+0,00
Rapessed FOB Moselle Spot - Flat - 2021 harvest677,00+6,00
Standard sunseed delivered St Nazaire Spot - Flat - 2021 harvest625,00+5,00
Feed peas FOB Creil Spot - August 2021 basis330,00+10,00
Analysis 26/01/2022

European market

Another period of increase in the agricultural commodities markets yesterday, still due to extreme tension between Russia and Ukraine. Indeed, in case of conflict, the flow of goods in these two major exporting countries would most likely be disrupted. Volatility is therefore the order of the day, sometimes without justification on the basis of fundamentals, with geopolitics taking precedence over all other drivers.

Internationally, the Philippines bought 35,000t of milling wheat and Iran is back to buying for officially 60,000t of milling wheat and 60,000t of feed barley. French operators will closely monitor Algeria's attitude on its latest tender to see if tensions between the two countries persist or not.

Within the EU, while French customs figures are still incomplete, wheat exports to date stand at 15.62 million tons against 15.04 million last year to date. Exports of barley are at 4.91 million tons against 4.33 million last year. Imports of maize were down to 8.87 million tonnes from 9.75 million tonnes last year. Imports of rapeseed amounted to 2.73 million tons against 4.02 last year.

Despite disappointing export figures for palm in Malaysia, prices are still rising this morning in Kuala Lumpur, thanks to risks on production related to both the weather, but also the lack of manpower in the current health context. Both rapeseed and canola prices were hesitant yesterday, but ended in positive territory after the decline of the past few days.

The dollar is at 1.1300 against the euro and 78.65 against the ruble this morning. Oil remains firm at 85.20 usd/barrel in New York.

American market

In Chicago, wheat prices continue to rise in the context of geopolitical tension and thanks to crop ratings on winter wheat that continue to deteriorate.

ADM is optimistic about US corn plantings, despite the rise in fertilizer prices, estimating 93 million acres and 87 million acres of soybeans. This contradicts other analyses that predict a sharp drop in corn plantings.

Corn was once again hesitant yesterday, split between the risk of disrupted flows from Ukraine, and an improving weather situation on the South American continent.

Funds were net buyers yesterday for 5,000 lots of corn, 2,500 lots of soybeans and 9,000 lots of wheat.

Black Sea market

Ukrainian milling wheat prices marked an increase yesterday, following stronger prices on the fob market, while due to unfavorable weather conditions some ports could face delays in shipments, according to market participants.
Ukrainian local corn prices also rose, supported by continued demand from traders.

To receive the full Black Sea Basin daily reports, send an e-mail with your contact information to sales@argusmedia.com
 

Live news

Stock markets in a state of uncertainty