Pre-opening 21/03/2019
Paris Chicago
Wheatunch.- 2 cents
Cornunch.unch.
Rapeseedunch. to + 1 €
Soybean+1 cent
Indexes 21/03/2019
€/$1.1387 $
Oil WTI59.83 $/b

Wheat (€/t)
May 19189.00+0.00
Sep 19176.50-0.25
Dec 19180.00+0.25
Mar 20183.50+0.25
May 20185.25+0.00
Corn (€/t)
Jun 19170.50+1.50
Aug 19174.00+1.50
Nov 19170.25+1.00
Jan 20172.75+1.25
Mar 20177.50+1.50
Rapeseed (€/t)
May 19359.50+1.00
Aug 19362.00+1.00
Nov 19365.50+0.25
Feb 20369.00+1.00
May 20369.75+1.00
Nitrogen solution (€/t)
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00

Wheat (€/t)
May 19189.00+0.00
Sep 19176.50-0.25
Dec 19180.00+0.25
Mar 20183.50+0.25
May 20185.25+0.00
Corn (€/t)
Jun 19170.50+1.50
Aug 19174.00+1.50
Nov 19170.25+1.00
Jan 20172.75+1.25
Mar 20177.50+1.50
Rapeseed (€/t)
May 19359.50+1.00
Aug 19362.00+1.00
Nov 19365.50+0.25
Feb 20369.00+1.00
May 20369.75+1.00
Nitrogen solution (€/t)
Jun 19210.00+0.00
Sep 19210.00+0.00
Nov 19220.00+0.00
Mar 20220.00+0.00
Jun 20220.00+0.00

3/21/2019

Wheat (€/t) : 1766 lots
LotsTypeStrikePrime
457Call Sep 191767.70
4Call Sep 191825.40
750Call Sep 191855.08
1Call Dec 191809.10
2Call Dec 191876.00
100Put May 191841.30
452Put Sep 191766.90
Corn (€/t) : 100 lots
LotsTypeStrikePrime
100Put Jun 191651.86
Rapeseed (€/t) : 131 lots
LotsTypeStrikePrime
100Call Aug 193704.05
1Call Nov 193805.50
20Call Nov 194002.60
10Put May 193604.20

3/21/2019

Wheat (€/t) : 1766 lots
LotsTypeStrikePrime
457Call Sep 191767.70
4Call Sep 191825.40
750Call Sep 191855.08
1Call Dec 191809.10
2Call Dec 191876.00
100Put May 191841.30
452Put Sep 191766.90
Corn (€/t) : 100 lots
LotsTypeStrikePrime
100Put Jun 191651.86
Rapeseed (€/t) : 131 lots
LotsTypeStrikePrime
100Call Aug 193704.05
1Call Nov 193805.50
20Call Nov 194002.60
10Put May 193604.20

Wheat (¢/b)
May 19464.7500+0.0000
Jul 19470.0000-0.5000
Sep 19478.2500-1.0000
Dec 19493.2500-1.5000
Mar 20506.7500+0.2500
Corn (¢/b)
May 19371.5000+1.5000
Jul 19381.0000+1.2500
Sep 19388.0000+1.2500
Dec 19395.5000+1.0000
Mar 20406.5000+0.7500
Soybean (¢/b)
May 19906.0000+0.7500
Jul 19919.5000+0.7500
Aug 19926.0000+0.7500
Sep 19930.7500-0.5000
Nov 19940.2500+1.0000
Soy meal ($/st)
May 19311.6000+0.7000
Jul 19315.2000+0.5000
Aug 19316.6000+0.5000
Sep 19318.2000+0.2000
Oct 19319.2000-0.2000
Soy oil (¢/lb)
May 1929.2700-0.0100
Jul 1929.6000-0.0100
Aug 1929.7500-0.0200
Sep 1929.8900-0.0200
Oct 1930.0300+0.0300

Wheat (¢/b)
May 19464.7500+0.0000
Jul 19470.0000-0.5000
Sep 19478.2500-1.0000
Dec 19493.2500-1.5000
Mar 20506.7500+0.2500
Corn (¢/b)
May 19371.5000+1.5000
Jul 19381.0000+1.2500
Sep 19388.0000+1.2500
Dec 19395.5000+1.0000
Mar 20406.5000+0.7500
Soybean (¢/b)
May 19906.0000+0.7500
Jul 19919.5000+0.7500
Aug 19926.0000+0.7500
Sep 19930.7500-0.5000
Nov 19940.2500+1.0000
Soy meal ($/st)
May 19311.6000+0.7000
Jul 19315.2000+0.5000
Aug 19316.6000+0.5000
Sep 19318.2000+0.2000
Oct 19319.2000-0.2000
Soy oil (¢/lb)
May 1929.2700-0.0100
Jul 1929.6000-0.0100
Aug 1929.7500-0.0200
Sep 1929.8900-0.0200
Oct 1930.0300+0.0300

3/21/2019

Physical (€/t)
Blé dur rendu Port la Nouvelle - Base Juillet 2018210.00+2.00
Blé meunier rendu Rouen - Base Juillet 2018185.00+0.00
Maïs rendu Bordeaux - Base Juillet 2018159.00-1.00
Maïs FOB Rhin - Base Juillet 2018158.00-2.00
Orge fourragère rendu Rouen - Base Juillet 2018170.00+0.00
Orge brasserie de printemps Planet FOB Creil - Base Juillet 2018175.00+0.00
Colza FOB Moselle - Flat - Récolte 2018360.00+2.00
Tournesol rendu St Nazaire - Flat - Récolte 2018322.00+0.00
Pois fourragers FOB Creil - Base Août 2018200.00+0.00

3/21/2019

Physical (€/t)
Durum wheat delivered Port la Nouvelle Spot - July 2018 basis210.00+2.00
Wheat delivered Rouen - July 2018 basis185.00+0.00
Corn delivered Bordeaux Spot - July 2018 basis163.00-1.00
Corn FOB Rhin Spot - July 2018 basis158.00-2.00
Feed barley delivered Rouen - July 2018 basis170.00+0.00
Malting barley FOB Creil Spot - July 2018 basis175.00+0.00
Rapessed FOB Moselle Spot - Flat - 2018 harvest360.00+2.00
Sunseed delivered St Nazaire Spot - Flat - 2018 harvest322.00+0.00
Feed peas FOB Creil Spot - August 2018 basis200.00+0.00
Analysis 21/03/2019

European market

Markets are still searching for an orientation after registering a strong downturn during last month followed by a rebound of grain prices. On climatic point of view, if no major concerns are to note in Europe, it is in the US Midwest that the situation remains the most worrying. Indeed, flooding’s are being registered in this area starting to raise  fears of the spring crop advancement.

Regarding the economy, markets have been impacted by the FED which announced that it will not raise rates in 2019 which has without surprise led to a decrease of the dollar compared to other main currencies and especially the euro. Same situation for the ruble, increasing their competitivity  on the export stage?  At the same time, crude oil prices are continuing their progression crossing this morning the psychological threshold of 60 $/b in New York. This underpins rapeseed prices in its implication for the biodiesel sector.

Argentina is currently registering a favorable climate for their crops, which will lead the country to be aggressive on the export stage on wheat, soybean and corn. On the international stage, it is to nota that Taiwan is launching a tender for 110 000 t of wheat probably from US origins.

FC Stone is revising upwards it harvest estimates for wheat in Brazil at 6.6 Mt against 5.6 Mt last year which will reduce imports for this country, estimated at 5.7 Mt against 7 Mt last year. These imports have been mainly sourced from Argentine.

 

American market

Increase in wheat prices yesterday linked to the fears of flooding’s and especially in Dakota. This raises fears regarding spring crop sowings  which are scheduled to begin at the beginning of April. IN Chicago, prices benefitted from the downturn of the dollar, following the decision of the FED not to increase rates during 2019.

Rains in Nebraska are so strong that several silos are under water leading to degradation and even destruction of the merchandise. The question of the delay in spring whet sowings is bringing support to process despite a global heavy context.

In this regard, funds bought back some of their short positions. They were therefore buyers in 5 000 lots of wheat and 4 500 lots of soybean. They were net sellers in 3 500 lots of corn.

Export sales of this afternoon are awaited as follows :

  • Wheat : between 300 and 675 kt
  • Corn between 600 kt and 1.3 Mt

Black Sea market

According to the Russian agricultural ministry at the 19 of March, 506 000 ha of spring crops have been sown. Last year at the same date only 49 000 ha had been planted and so 10 times less than this year. Russian analysts are forecasting an increase in spring crops.

According to the phytosanitary control agency Rosselkhoznadzor in 2018, Russia has exported 1.5 Mt of grains towards China and so a new record. Furthermore, according to the agency a deal was made between the two countries regarding phytosanitary requirements for rape meal, sunflower meal and soymeal. This will allow to export these products from Russia to China.

Live news

FED is not considering any interest rate hike in 2019

9