Pre-opening 06/05/2024
Paris Chicago
Wheat-1 €/t- 11 cents
Corn-1 €/t- 4 cents
Rapeseed-1 €/t
Soybean- 7 cents
Indexes 06/05/2024
€/$1,0776 $
Oil WTI78,11 $/b

Wheat (€/t)
Mai 24215,25+5,50
Sept. 24245,25+10,25
Déc. 24250,50+9,50
Mars 25252,25+8,25
Mai 25253,75+7,25
Corn (€/t)
Juin 24209,25+7,25
Août 24215,00+7,25
Nov. 24217,50+7,50
Mars 25220,00+5,75
Juin 25220,50+5,50
Rapeseed (€/t)
Août 24481,00+11,25
Nov. 24488,50+12,25
Févr. 25490,50+11,00
Mai 25491,50+11,25
Août 25483,50+11,50

06/05/2024

Wheat (€/t) : 22064 lots
LotsTypeStrike
250Call Sept. 24210,00
502Call Sept. 24220,00
1201Call Sept. 24230,00
1Call Sept. 24235,00
261Call Sept. 24240,00
51Call Sept. 24250,00
50Call Sept. 24255,00
125Call Sept. 24260,00
225Call Sept. 24270,00
100Call Sept. 24280,00
200Call Déc. 24213,00
500Call Déc. 24225,00
200Call Déc. 24232,00
10Call Déc. 24238,00
1020Call Déc. 24240,00
2700Call Déc. 24245,00
5Call Déc. 24247,00
2072Call Déc. 24250,00
5200Call Déc. 24260,00
500Call Déc. 24290,00
346Call Déc. 24300,00
10Call Mars 25265,00
60Put Sept. 24200,00
301Put Sept. 24220,00
90Put Sept. 24230,00
50Put Sept. 24235,00
91Put Sept. 24240,00
2000Put Sept. 24243,00
150Put Déc. 24195,00
1000Put Déc. 24200,00
700Put Déc. 24205,00
200Put Déc. 24210,00
500Put Déc. 24215,00
1051Put Déc. 24220,00
20Put Déc. 24230,00
250Put Déc. 24240,00
13Put Déc. 24242,00
3Put Déc. 24245,00
40Put Mars 25205,00
3Put Mars 25230,00
10Put Mars 25245,00
3Put Mai 25230,00
Corn (€/t) : 182 lots
LotsTypeStrike
1Put Juin 24210,00
30Put Nov. 24170,00
30Put Nov. 24198,00
30Put Nov. 24210,00
40Put Mars 25180,00
1Put Mars 25195,00
50Put Mars 25200,00
Rapeseed (€/t) : 1064 lots
LotsTypeStrike
1Call Août 24420,00
30Call Août 24460,00
1Call Août 24475,00
60Call Août 24500,00
10Call Nov. 24490,00
500Put Août 24420,00
50Put Août 24430,00
50Put Août 24440,00
60Put Août 24450,00
1Put Août 24467,50
100Put Août 24470,00
100Put Nov. 24400,00
100Put Nov. 24410,00
1Put Nov. 24460,00

Wheat (¢/b)
Mai 24606,0000+26,2500
Juil. 24622,5000+23,2500
Sept. 24643,0000+22,7500
Déc. 24668,5000+22,0000
Mars 25688,2500+20,7500
Corn (¢/b)
Mai 24447,0000+10,0000
Juil. 24460,2500+8,7500
Sept. 24469,2500+7,2500
Déc. 24482,7500+5,5000
Mars 25495,2500+4,7500
Soybean (¢/b)
Mai 241201,7500+33,0000
Juil. 241215,0000+30,7500
Août 241215,5000+27,7500
Sept. 241200,2500+21,5000
Nov. 241201,0000+17,0000
Soy meal ($/st)
Mai 24366,5000+14,7000
Juil. 24372,2000+14,8000
Août 24371,6000+13,1000
Sept. 24371,2000+11,0000
Oct. 24370,8000+9,0000
Soy oil (¢/lb)
Mai 2442,4200+0,7500
Juil. 2443,0800+0,7000
Août 2443,3400+0,6600
Sept. 2443,5400+0,5600
Oct. 2443,6800+0,4900

06/05/2024

Physical (€/t)
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report
FIND OUT MORE HERE >>
Durum wheat delivered La Pallice Spot - July 2024 basis315,00+0,00
Corn delivered Bordeaux Spot - July 2023 basis198,00+3,00
Corn FOB Rhin Spot - July 2023 basis196,00+3,00
Feed barley delivered Rouen - July 2024 basis207,00+7,00
Malting barley FOB Creil Spot - July 2024 basis269,00+0,00
Rapessed FOB Moselle Spot - Flat - 2024 harvest469,00+3,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest410,00+0,00
Feed peas FOB Creil Spot - August 2024 basis260,00+0,00

Events

Analysis 06/05/2024

European market

Last week ended on a very firm note, wiping out the few corrections of the previous few days. Euronext December 2024 wheat closed at a new 6-month high of €241/t, while Euronext November 2024 corn closed at €210/t, a 5-month high. Rapeseed also closed at a 7-month high, just one tick below €470/t for August 2024.

As for the weather, there are many excesses in strategic areas for cereal and oilseed production: Western Europe, the US Corn Belt and southern Brazil are being hit by excessive rainfall, while southern Russia remains in water deficit.

According to FranceAgriMer, the condition of soft wheat in France has remained stable over the past week, with 63% in "good to very good" condition, well below the 93% recorded last year. Durum wheat lost 1 point over the week to 66% "good to very good", which remains below last year's 88%. Winter barley remains stable at 66% "good to very good" compared with 91% in 2023, while spring barley has gained 1 point over the week to 74% "good to very good" compared with 94% last year.

American market

As in Europe, the US market was buoyed on Friday by the growing number of weather risks affecting wheat, corn and soybean. As a result, all commodities closed sharply higher, with funds buying back short positions.

North and South American traders are mainly concerned about the floods in Rio Grande do Sul at the time of the soybean harvest. They are also concerned about successive downward revisions to corn production estimates in Argentina due to disease. With the latest production estimate posted by the Buenos Aires Stock Exchange at 46.5 million tons, some 10 million tons of corn have already evaporated from the forecasts over the past few weeks.

While soybean production losses are still being assessed in Brazil, the USDA announced on Friday the exceptional sale of 122,000 US soybeans to an unknown destination.