Pre-opening 21/03/2023
Paris Chicago
Wheat-1 to -2 €-6 cents
Corn-1 to -2 €-2 cents
Rapeseed-1 to -2 €
Soybean-5 cents
Indexes 21/03/2023
€/$1,0776 $
Oil WTI69,33 $/b

Wheat (€/t)
Mai 23253,50-4,50
Sept. 23253,50-5,50
Déc. 23256,25-5,00
Mars 24259,00-4,00
Corn (€/t)
Juin 23250,25-4,50
Août 23253,00-3,75
Nov. 23246,50-3,25
Mars 24247,00-4,25
Rapeseed (€/t)
Mai 23441,00-12,75
Août 23444,50-13,25
Nov. 23449,25-13,25
Févr. 24451,50-13,50

21/03/2023

Wheat (€/t) : 38800 lots
LotsTypeStrike
800Call Mai 23256,00
1750Call Mai 23265,00
700Call Mai 23267,00
1600Call Mai 23268,00
300Call Mai 23270,00
200Call Mai 23273,00
150Call Mai 23275,00
2020Call Mai 23280,00
800Call Mai 23340,00
200Call Mai 23342,00
104Call Sept. 23255,00
120Call Sept. 23260,00
56Call Sept. 23265,00
80Call Sept. 23270,00
3630Call Sept. 23275,00
3615Call Sept. 23300,00
5Call Sept. 23307,00
10Call Sept. 23320,00
20Call Sept. 23330,00
50Call Déc. 23255,00
700Call Déc. 23260,00
40Call Déc. 23265,00
50Call Déc. 23270,00
1Call Déc. 23275,00
1Call Déc. 23280,00
500Call Déc. 23285,00
30Call Déc. 23290,00
431Call Déc. 23300,00
800Call Déc. 23306,00
37Call Mars 24260,00
60Call Mars 24275,00
38Call Mai 24260,00
60Call Mai 24275,00
3300Put Mai 23240,00
1600Put Mai 23245,00
5470Put Mai 23250,00
1600Put Mai 23253,00
200Put Mai 23254,00
100Put Mai 23255,00
1Put Mai 23257,00
857Put Mai 23260,00
100Put Mai 23270,00
657Put Mai 23285,00
10Put Mai 23288,00
2Put Mai 23317,00
10Put Mai 23330,00
1500Put Sept. 23235,00
54Put Sept. 23240,00
1000Put Sept. 23250,00
501Put Sept. 23252,00
8Put Sept. 23253,00
30Put Sept. 23254,00
200Put Sept. 23256,00
200Put Sept. 23258,00
300Put Sept. 23260,00
7Put Sept. 23315,00
200Put Déc. 23200,00
400Put Déc. 23230,00
50Put Déc. 23235,00
500Put Déc. 23240,00
55Put Déc. 23250,00
750Put Déc. 23255,00
130Put Déc. 23260,00
50Put Mars 24255,00
Corn (€/t) : 2431 lots
LotsTypeStrike
200Call Juin 23260,00
100Call Juin 23265,00
30Call Juin 23270,00
150Call Juin 23342,00
2Call Nov. 23255,00
100Call Nov. 23260,00
300Call Nov. 23270,00
100Put Juin 23235,00
500Put Juin 23240,00
50Put Juin 23245,00
630Put Juin 23250,00
5Put Nov. 23215,00
104Put Nov. 23230,00
10Put Nov. 23240,00
50Put Nov. 23250,00
100Put Nov. 23256,00
Rapeseed (€/t) : 1384 lots
LotsTypeStrike
50Call Mai 23460,00
100Call Mai 23480,00
50Call Août 23500,00
2Call Nov. 23457,50
20Call Nov. 23465,00
100Call Nov. 23470,00
300Put Mai 23440,00
150Put Mai 23470,00
200Put Août 23430,00
200Put Août 23455,00
1Put Nov. 23420,00
8Put Nov. 23425,00
100Put Nov. 23430,00
3Put Nov. 23460,00
100Put Mai 24400,00

Wheat (¢/b)
Mai 23683,2500-6,0000
Juil. 23692,5000-5,5000
Sept. 23701,7500-5,0000
Mai 24729,7500-4,2500
Sept. 24708,2500-9,5000
Corn (¢/b)
Mai 23630,0000-0,2500
Juil. 23611,2500-0,5000
Sept. 23563,5000-3,2500
Déc. 23556,7500-4,5000
Juil. 24572,5000-4,7500
Soybean (¢/b)
Mai 231467,0000-2,2500
Juil. 231448,5000-6,2500
Août 231403,5000-8,2500
Sept. 231330,5000-9,7500
Nov. 231296,0000-10,7500
Soy meal ($/st)
Mai 23460,6000-0,8000
Juil. 23454,3000-1,3000
Août 23441,6000-1,7000
Sept. 23425,8000-2,2000
Oct. 23413,3000-2,1000
Soy oil (¢/lb)
Mai 2356,2400-0,3900
Juil. 2356,3500-0,4300
Août 2355,8500-0,4500
Sept. 2355,3400-0,4100
Oct. 2354,7600-0,3900

22/03/2023

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 2022 basis400,00-10,00
Corn delivered Bordeaux Spot - July 2022 basis260,00-4,00
Corn FOB Rhin Spot - July 2022 basis269,00-4,00
Feed barley delivered Rouen - July 2022 basis241,00-5,00
Malting barley FOB Creil Spot - July 2022 basis295,00+0,00
Rapessed FOB Moselle Spot - Flat - 2022 harvest441,00-13,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2022 harvest400,00-10,00
Feed peas FOB Creil Spot - August 2022 basis295,00-5,00

Events

Analysis 21/03/2023

European market

The markets remain in their downward spiral. Large flows from Black Sea origins combined with financial funds' sell-off in a fragile world economic context continue to weigh on prices. Thus, wheat prices on Euronext are returning to pre-war levels. The flow of goods from Ukraine remains significant, despite logistical difficulties.

On the geopolitical front, Vladimir Putin held talks in Moscow with his counterpart Xi Jinping. At the same time the Japanese Prime Minister is visiting Kyiv.

On the international scene, Algeria is purchasing 70,000 t of corn from South America. Taiwan is also buying 56,300 t of milling wheat from the USA. Rapeseed prices sank again yesterday in the wake of biodiesel. The same is true for canola, which is at its lowest level in 21 months.

According to the Ukrainian Minister of Agriculture, wheat production for the 2023 harvest is estimated at 16.6 Mt compared to 20.5 Mt in 2022 and corn production at 21.7 Mt compared to 25.6 Mt last year. Only oilseeds are expected to show a slight increase to 3.8 Mt for rapeseed compared to 3.7 Mt and 11.5 Mt for sunflower compared to 11.1 Mt in 2022.

According to Crop Monitor, wheat yields in Europe are expected to increase for the next harvest, to an estimated 5.99 t/ha, up by 3% compared to 2022. Barley yields are potentially unchanged at 5.91 t/ha and rapeseed yields are slightly lower at 3.29 t/ha.

The dollar is down this morning against the euro at 1.0710 and at 77.50 against the ruble. Oil remains at relatively low levels at 67.25 per barrel in NY.

American market

Wheat prices fell again yesterday amid a sell-off from funds and an improvement in the Kansas crop rating where 19% of the crops are considered as good to excellent compared to 17% last week. The USDA estimates that 53% of winter wheat acreage is in water deficit, compared to 55% last week.

Soybean was up yesterday after the decline of last few days in the wake of oil.

Corn prices fell after last week's recovery, fueled by good export activity to China.

Export sales amounted to 716,618 tons of soybean and 374,224 tons of wheat, within the range of expectations. However, corn exports were well above expectations at 1,188,666 tons.

Yesterday, funds were net sellers in 2,000 lots of corn and 5,000 lots of wheat. They were net buyers in 3,000 lots of soybean.

Black Sea market

Request access to the full daily report on the Black Sea Basin via the Argus AgriMarkets service by clicking here.

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