Pre-opening 21/02/2024
Paris Chicago
Wheatunch+ 1 cent
Cornunch+ 1 cent
Soybean- 1 cent
Indexes 21/02/2024
€/$1,0809 $
Oil WTI78,18 $/b

Wheat (€/t)
Mars 24203,75-0,75
Mai 24197,50-1,75
Sept. 24203,50-1,50
Déc. 24208,50-1,50
Mars 25211,75-1,00
Corn (€/t)
Mars 24173,25-1,25
Juin 24171,50-1,25
Août 24176,25-1,00
Nov. 24179,75-0,75
Mars 25184,75-1,25
Rapeseed (€/t)
Mai 24422,25-4,00
Août 24420,50-3,25
Nov. 24425,50-3,25
Févr. 25429,50-3,50
Mai 25430,25-3,50


Wheat (€/t) : 3984 lots
30Call Mai 24195,00
80Call Mai 24203,00
50Call Mai 24205,00
30Call Mai 24210,00
175Call Mai 24215,00
50Call Mai 24220,00
350Call Mai 24250,00
5Call Sept. 24203,00
1Call Sept. 24210,00
30Call Sept. 24215,00
30Call Sept. 24240,00
24Call Déc. 24200,00
350Call Déc. 24210,00
6Call Déc. 24225,00
340Call Déc. 24230,00
200Call Déc. 24232,00
10Call Déc. 24235,00
440Call Déc. 24240,00
200Call Déc. 24260,00
440Call Déc. 24265,00
1Call Déc. 24300,00
10Call Mars 25215,00
30Put Mai 24180,00
100Put Mai 24190,00
1Put Mai 24200,00
1Put Mai 24205,00
30Put Sept. 24190,00
300Put Déc. 24180,00
650Put Déc. 24190,00
20Put Mars 25180,00
Corn (€/t) : 51 lots
6Call Nov. 24195,00
15Call Nov. 24200,00
15Put Nov. 24170,00
15Put Nov. 24180,00
Rapeseed (€/t) : 503 lots
2Call Nov. 24430,00
1Call Nov. 24450,00
500Put Août 24402,50

Wheat (¢/b)
Mars 24582,7500+0,0000
Mai 24579,2500-1,7500
Juil. 24580,0000-2,5000
Sept. 24587,5000-3,0000
Déc. 24601,2500-3,7500
Corn (¢/b)
Mars 24418,7500-8,5000
Mai 24432,5000-9,2500
Juil. 24443,2500-8,7500
Sept. 24450,7500-8,2500
Déc. 24463,0000-7,0000
Soybean (¢/b)
Mars 241179,0000-18,7500
Mai 241183,5000-19,2500
Juil. 241192,0000-18,7500
Août 241186,2500-17,7500
Sept. 241165,0000-13,7500
Soy meal ($/st)
Mars 24347,6000-5,2000
Mai 24341,7000-5,1000
Juil. 24344,5000-5,3000
Août 24345,2000-5,4000
Sept. 24344,9000-4,9000
Soy oil (¢/lb)
Mars 2445,4100-0,5900
Mai 2445,9200-0,5500
Juil. 2446,2100-0,5200
Août 2446,0400-0,5100
Sept. 2445,7600-0,4700


Physical (€/t)
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report
Durum wheat delivered La Pallice Spot - July 2023 basis345,00+0,00
Corn delivered Bordeaux Spot - July 2023 basis175,00+4,00
Corn FOB Rhin Spot - July 2023 basis179,00+5,00
Feed barley delivered Rouen - July 2023 basis176,00+5,00
Malting barley FOB Creil Spot - July 2023 basis267,00+0,00
Rapessed FOB Moselle Spot - Flat - 2023 harvest424,00+0,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest401,00+0,00
Feed peas FOB Creil Spot - August 2023 basis230,00+5,00


Analysis 21/02/2024

European market

The futures markets on both sides of the Atlantic rebounded yesterday. After the last downward acceleration in wheat and corn, a technical rebound was seen. Nothing more normal in a market with excessively short speculative positions.
The market closed up +4.50 €/t on wheat Euronext May 2024 and +3.75 €/t on corn Euronext June 2024. These daily rises of +2.3% for wheat and +2.2% for corn are the strongest seen for 7 months, during the tensions linked to the suspension of the Black Sea corridor.
However, the psychological level of €200/t has not been regained for May 2024 wheat. And this despite the fact that market conditions remain difficult for Western European wheat, which is facing very stiff competition from Black Sea wheat on the international scene and from imports from Ukraine on the EU market. In this context, tensions are mounting at the Polish border, where Polish farmers are blocking lorries and trains carrying Ukrainian grain.
 Rapeseed, whose market context is different from that of grain, remains outside this "short-covering" movement, with prices remaining fairly close to equilibrium.

American market

The reopening of the US markets yesterday after the long President's Day weekend prompted a wave of short-covering by funds. Wheat, which fell sharply last week, rebounded more strongly than the more muted corn and soybeans.
However, US wheat continues to suffer from the fierce international competition from Black Sea wheat. For corn and soybeans, the focus remains on South America. Brazil and Argentina will be the key drivers of these two markets over the coming months.
Yesterday, the USDA announced the exceptional sale of 155,000 t of US corn to Japan for 2024-25 and 228,000 t of soybean meal to the Philippines for 2023-24.

Black Sea market

Click here to request full access to the AgriMarkets report to find out more about the Black Sea region, and follow price trends in Russia on a daily basis.