Pre-opening 08/03/2021
Paris Chicago
Wheat+ 1 to + 2 €+ 5 cents
Corn+ 1 to + 2 €+ 7 cents
Rapeseed+ 2 to + 3 €
Soybean+ 19 cents
Indexes 08/03/2021
€/$1.1866 $
Oil WTI66.09 $/b

Wheat (€/t)
Mar 21238.00+6.50
May 21230.25+2.00
Sep 21201.75-0.25
Dec 21201.75+0.00
Mar 22202.75-0.25
Corn (€/t)
Jun 21221.25+0.00
Aug 21218.25+0.00
Nov 21188.00-0.75
Jan 22189.00-1.00
Rapeseed (€/t)
May 21525.75+7.25
Aug 21445.75+3.25
Nov 21438.00+3.50
Feb 22434.50+3.75
May 22431.25+3.75

05/03/2021

Wheat (€/t) : 2139 lots
LotsTypeStrike
3Call May 21235.00
500Call Sep 21210.00
50Call Sep 21217.00
6Call Dec 21200.00
600Call Dec 21210.00
50Call Dec 21220.00
600Call Dec 21235.00
20Put May 21215.00
50Put Sep 21175.00
58Put Sep 21195.00
2Put Sep 21200.00
50Put Dec 21185.00
50Put Dec 21187.00
100Put Dec 21200.00
Corn (€/t) : 120 lots
LotsTypeStrike
40Call Jun 21230.00
40Put Jun 21210.00
40Put Jun 21220.00
Rapeseed (€/t) : 1131 lots
LotsTypeStrike
320Call May 21500.00
300Call May 21520.00
200Call May 21570.00
100Call Aug 21440.00
106Call Aug 21450.00
1Put May 21497.50
1Put May 21500.00
1Put Aug 21410.00
101Put Aug 21430.00
1Put Nov 21410.00

Wheat (¢/b)
Mar 21654.0000-4.2500
May 21653.0000-6.0000
Jul 21643.2500-2.5000
Sep 21642.0000-2.0000
Dec 21647.0000-0.5000
Corn (¢/b)
Mar 21562.0000+2.0000
May 21545.5000+0.5000
Jul 21534.0000+0.7500
Sep 21499.0000-0.2500
Dec 21481.5000-1.0000
Soybean (¢/b)
Mar 211434.2500+7.7500
May 211430.0000+7.5000
Jul 211413.7500+7.5000
Aug 211371.0000+7.7500
Sep 211292.2500+9.5000
Soy meal ($/st)
Mar 21420.0000-0.8000
May 21418.2000-1.0000
Jul 21416.2000-0.9000
Aug 21406.6000-0.8000
Sep 21395.0000-0.5000
Soy oil (¢/lb)
Mar 2153.3800+1.0200
May 2151.8000+0.8300
Jul 2150.7700+0.8500
Aug 2149.6700+0.8300
Sep 2148.4500+0.8400

08/03/2021

Physical (€/t)
Durum wheat delivered La Pallice Spot - July 2020 basis275.00+0.00
Wheat delivered Rouen - July 2020 basis229.00+0.00
Corn delivered Bordeaux Spot - July 2020 basis220.00+1.00
Corn FOB Rhin Spot - July 2020 basis224.00+1.00
Feed barley delivered Rouen - July 2020 basis211.00+1.00
Malting barley FOB Creil Spot - July 2020 basis222.00+0.00
Rapessed FOB Moselle Spot - Flat - 2020 harvest523.00+4.00
Standard sunseed delivered St Nazaire Spot - Flat - 2020 harvest555.00+0.00
Feed peas FOB Creil Spot - August 2020 basis280.00+2.00

Events

Analysis 08/03/2021

European market

Delays in Brazilian soybean harvest and following corn plantings pushed prices up last Friday.

On, the international stage, despite the high level of prices, Algeria is back on the market and has announced a soft wheat tender. Shipments are planned in April for European origins and during March for American ones. Pakistan has cancelled its tender in 300 000 t of soft wheat.

Palm oil is surging this morning in Kuala Lumpur. Prices have breached the threshold of 4 000 Ringgits/t. The European rapeseed continues to progress for both the current and the 2021 harvest. The market is underpinned by the rise of crude oil and soybean. In 2021, the European deficit in rapeseed should be posted between 6 and 7 Mt.

FranceAgriMer said on Friday that spring barley plantings were advanced up to 50% on March 1 vs. 19% the week before and 33% last year to date. The winter wheat crop rating is one point higher than last week at 88% of good to excellent. Same progression for the winter barley, which rose from 83% to 84%.

The dollar is strengthening vs. euro and rouble at respectively 1.1920 and 74.20. The crude oil continues to rise due to both the decision of OPEC+ not to increase its production from April and an attack on a Saudi Arabia oil facility by Yemeni rebels backed by Iran.

American market

In Chicago, prices were firm on Friday. Traders are betting on a bullish USDA report tomorrow. Indeed, the US Ag Minister could cut US ending stocks’ estimations in a stretched supply context.

Among short-term supportive factors, this is mainly the weather situation in South America that is raising concerns. Rainfalls are above normal in Mato Grosso and Argentina is experiencing a persisting drought.

Friday, funds were net buyers in 32 500 lots of corn, 14 500 lots of soybean and 3 500 lots of wheat.

Black Sea market

Market are closed today due to International Women's Rights Day

Live news

Commodities prices are rising further