Pre-opening 20/04/2021
Paris Chicago
Wheatunch+ 2 cents
Cornunch to + 1 €+ 4 cents
Rapeseed+ 2 to + 3 €
Soybean+ 12 cents
Indexes 19/04/2021
€/$1.2035 $
Oil WTI63.38 $/b

Wheat (€/t)
May 21216.50+4.50
Sep 21207.00+2.50
Dec 21206.75+2.50
Mar 22207.50+2.75
May 22207.50+2.75
Corn (€/t)
Jun 21222.50+3.00
Aug 21217.25+3.00
Nov 21196.00+3.00
Jan 22197.00+3.75
Mar 22198.00+2.00
Rapeseed (€/t)
May 21530.75+27.25
Aug 21488.25+11.50
Nov 21482.25+10.75
Feb 22476.00+9.50
May 22473.00+9.00

19/04/2021

Wheat (€/t) : 1713 lots
LotsTypeStrike
500Call Sep 21210.00
100Call Sep 21215.00
100Call Sep 21230.00
100Call Dec 21205.00
150Call Dec 21208.00
131Call Dec 21210.00
100Call Dec 21215.00
150Call Dec 21220.00
80Call Dec 21230.00
100Put Sep 21190.00
150Put Dec 21175.00
50Put Dec 21190.00
2Put Dec 21205.00
Corn (€/t) : 20 lots
LotsTypeStrike
10Call Nov 21200.00
10Call Nov 21220.00
Rapeseed (€/t) : 55 lots
LotsTypeStrike
50Call Aug 21470.00
2Put Aug 21480.00
3Put Nov 21470.00

Wheat (¢/b)
May 21652.2500+15.0000
Jul 21653.7500+14.7500
Sep 21656.2500+14.2500
Dec 21661.7500+13.7500
Mar 22666.7500+14.0000
Corn (¢/b)
May 21592.0000+12.7500
Jul 21580.5000+10.0000
Sep 21537.5000+9.0000
Dec 21520.2500+8.0000
Mar 22527.0000+7.7500
Soybean (¢/b)
May 211449.7500+28.7500
Jul 211436.5000+27.7500
Aug 211393.7500+25.2500
Sep 211321.2500+21.2500
Nov 211284.0000+18.2500
Soy meal ($/st)
May 21407.5000+4.8000
Jul 21411.3000+5.0000
Aug 21408.0000+4.8000
Sep 21402.7000+4.4000
Oct 21395.8000+4.0000
Soy oil (¢/lb)
May 2156.2700+2.3100
Jul 2153.8700+1.8400
Aug 2151.4800+1.4800
Sep 2149.7200+1.2000
Oct 2148.4800+1.0600

20/04/2021

Physical (€/t)
Durum wheat delivered La Pallice Spot - July 2020 basis250.00-5.00
Wheat delivered Rouen - July 2020 basis209.00-1.00
Corn delivered Bordeaux Spot - July 2020 basis221.00+2.00
Corn FOB Rhin Spot - July 2020 basis233.00+2.00
Feed barley delivered Rouen - July 2020 basis196.00-1.00
Malting barley FOB Creil Spot - July 2020 basis212.00-1.00
Rapessed FOB Moselle Spot - Flat - 2020 harvest535.00+23.00
Standard sunseed delivered St Nazaire Spot - Flat - 2020 harvest550.00+0.00
Feed peas FOB Creil Spot - August 2020 basis265.00+0.00

Events

Analysis 20/04/2021

European market

The Weather Market is boosting spring crops prices. Corn and soybean are resuming their upward trend in Chicago pulling all the markets in their wake for the 2021 harvest.

The best performance was for rapeseed, still in a context of poor harvest prospects for the next campaign and very stretched balances. Canada, for example, will be importing rapeseed from Ukraine in August, an unprecedented development for this major exporting country.

From a weather point of view, there are three main areas of interest: the American continent, with a new cold spell delaying sowing in the United States, a water shortage in Brazil for corn crops and, finally, fears of a hydric shortage in Europe, and more particularly in France, for the weeks to come.

On Euronext, wheat prices for the May expiry are falling back, but the 2021 crop deliveries were firmer. Traders reported the arrival of a 45,000t wheat cargo from Romania in Dunkirk.

EU rapeseed imports stand at 5.36 Mt compared to 5.13 Mt last year to date. Crushing activity in the EU remains strong, despite the high seed prices. Vegetable oil prices continue to rise.

The dollar is down this morning at 1.2060 against the euro and 76.20 against the rouble. Oil is firm at 64.00 $/barrel.

American market

Prices rose sharply yesterday in Chicago, mainly in soybean and corn, against the backdrop of a cold snap expected in the US over the next few days, which will delay spring planting.

As of last Sunday, 8% of the corn acreage was estimated to be planted, compared to 4% last week. This is in line with the average of the last 5 years. In soybean, 3% of the area is planted, which is in line with the average for now. Spring wheat is 19% sown compared to 12% on average at this period. So far, there are no delays, but concerns about the upcoming days.

This week's export inspections stand at 183,986 t for soybean and 1,524,777 t for corn, within the range of expectations. Wheat inspections were above consensus at 613,595 t.

Yesterday, funds were net buyers for 12,500 lots of corn and 7,500 lots of soybeans. They were almost neutral on wheat.

Black Sea market

The world's largest producer and exporter of sunflower oil, Ukraine, will limit its exports until the end of the current season. Yesterday, the Ministry of Economy and Ukroliyaprom, the association of crushers, agreed on a maximum export volume of sunflower oil for the 2020/21 MY of 5.38 Mt compared to 6.9 Mt last season. In the first 7 months of the season, Ukraine has already exported 3.5 Mt, i.e. 2/3 of the maximum volume.

Live news

Rapeseed prices are soaring