Pre-opening 15/04/2024
Paris Chicago
Wheatunch to -1€/t- 5 cents
Cornunch- 1 cent
Rapeseed+ 1 €/t
Soybean- 1 cent
Indexes 12/04/2024
€/$1,0652 $
Oil WTI85,02 $/b

Wheat (€/t)
Mai 24203,50-0,75
Sept. 24217,00-1,75
Déc. 24222,75-1,50
Mars 25227,00-1,75
Mai 25229,75-1,75
Corn (€/t)
Juin 24194,50-0,50
Août 24198,00-1,00
Nov. 24198,50+0,00
Mars 25203,25-1,25
Juin 25205,00+1,25
Rapeseed (€/t)
Mai 24459,00-3,00
Août 24464,00-3,75
Nov. 24469,00-4,00
Févr. 25471,75-5,50
Mai 25471,00-5,00

12/04/2024

Wheat (€/t) : 1249 lots
LotsTypeStrike
300Call Mai 24203,00
150Call Mai 24204,00
250Call Mai 24205,00
20Call Sept. 24235,00
150Call Sept. 24240,00
10Call Sept. 24250,00
2Call Déc. 24222,00
2Call Déc. 24224,00
2Call Déc. 24230,00
10Call Déc. 24235,00
2Call Mai 25250,00
350Put Mai 24200,00
1Put Mars 25200,00
Corn (€/t) : 0 lots
LotsTypeStrike
Rapeseed (€/t) : 329 lots
LotsTypeStrike
1Call Mai 24452,50
50Call Mai 24455,00
50Call Mai 24460,00
20Call Août 24460,00
2Call Août 24490,00
6Call Nov. 24470,00
100Put Août 24445,00
100Put Nov. 24400,00

Wheat (¢/b)
Mai 24556,0000-7,7500
Juil. 24570,7500-7,5000
Sept. 24586,5000-7,5000
Déc. 24609,7500-7,5000
Mars 25628,0000-7,0000
Corn (¢/b)
Mai 24435,5000-2,2500
Juil. 24447,2500-2,5000
Sept. 24456,7500-2,7500
Déc. 24472,0000-2,7500
Mars 25485,0000-2,7500
Soybean (¢/b)
Mai 241174,0000-4,7500
Juil. 241186,7500-4,7500
Août 241184,5000-5,2500
Sept. 241171,7500-4,0000
Nov. 241176,2500-3,0000
Soy meal ($/st)
Mai 24344,4000-3,9000
Juil. 24344,1000-3,7000
Août 24344,1000-3,5000
Sept. 24344,4000-3,7000
Oct. 24343,9000-3,6000
Soy oil (¢/lb)
Mai 2445,8900+0,0700
Juil. 2446,4500+0,0300
Août 2446,6400+0,0500
Sept. 2446,7800+0,0500
Oct. 2446,8100+0,0000

15/04/2024

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 2023 basis300,00+0,00
Corn delivered Bordeaux Spot - July 2023 basis190,00+2,00
Corn FOB Rhin Spot - July 2023 basis189,00+2,00
Feed barley delivered Rouen - July 2023 basis181,00+2,00
Malting barley FOB Creil Spot - July 2023 basis305,00+0,00
Rapessed FOB Moselle Spot - Flat - 2023 harvest458,00+7,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest403,00+0,00
Feed peas FOB Creil Spot - August 2023 basis230,00+0,00

Events

Analysis 15/04/2024

European market

Last week ended on a firm note for grains on both sides of the Atlantic. European grains and oilseeds benefited from a euro/dollar exchange rate at its lowest level for nearly 6 months at 1.0650. Crude oil also provided support for grains. A barrel of WTI topped $87 for the first time in 6 months on Friday afternoon in anticipation of heightened geopolitical tensions in the Middle East.
In this context, rapeseed has closed at a 6-month high of €459/t for May 2024. This expiry will be in the news again on Monday 15 April as options expire. The same will apply to the closing of options on the Euronext wheat May 2024 contract.
The latter continues to trade in a very narrow range of between €200 and €206/t, while the next expiry, September 2024, has been fluctuating between €214 and €218/t for 12 sessions now. Euronext June 2024 corn is more ambitious, with its highest close since December 1 at €194.50/t.
Developments in the Middle East will be closely watched at the start of the week, even if the events of the weekend have been put into perspective for the time being on the crude oil market. The weather is also being closely monitored, with rainfall deemed insufficient for wheat in Kansas and southern Russia.
In France, the condition of wheat is deteriorating, with 64% judged to be "good to very good" according to FranceAgriMer, compared with 65% the previous week and 94% last year to date. Winter barleys, meanwhile, gained 1 point over the week to 67% "good to very good". Durum wheat remains stable at 70% "good to very good". Spring barleys lost 1 point over the week to 60% "good to very good", while sowings were 91% complete by 8 April.

 

American market

The firmness of crude oil prices amid growing geopolitical tensions in the Middle East supported grain prices in Chicago on Friday, with a general rise across all commodities and funds present for purchases.
The soybean market did not react to the announcement by Chinese customs of particularly low monthly imports of just 5.54mn t of soybeans, the lowest March figure for 4 years. US traders are above all awaiting NOPA's monthly report on US crush for March, which is expected to be a record month.
With drought conditions rising last week from 38% to 50% "abnormally dry" in Oklahoma and from 78% to 81% "abnormally dry" in Kansas, traders will be paying particular attention to the USDA's crop rating for winter wheat in the US on Monday evening.
In corn, operators are wondering about the large discrepancies in production estimates posted for South America between the USDA and local references. The fairly low figures from Conab in Brazil and the Rosario and Buenois Aires exchanges in Argentina are adding to the uncertainty.

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.