| Paris | Chicago | |
|---|---|---|
| Wheat | Unchanged | +1 cents |
| Corn | Unchanged to +1 €/t | +1 cents |
| Rapeseed | +1 €/t | |
| Soybean | -1 cents |
| €/$ | 1,0860 $ |
| Oil WTI | 77,16 $/b |
| Wheat (€/t) | |||
|---|---|---|---|
| Sept. 24 | 217,25 | -2,50 | |
| Déc. 24 | 225,25 | -2,00 | |
| Mars 25 | 230,00 | -2,00 | |
| Mai 25 | 233,25 | -1,25 | |
| Sept. 25 | 229,75 | -0,25 | |
| Corn (€/t) | |||
|---|---|---|---|
| Août 24 | 220,00 | -1,25 | |
| Nov. 24 | 209,50 | -6,50 | |
| Mars 25 | 213,75 | -5,75 | |
| Juin 25 | 217,00 | -5,00 | |
| Août 25 | 207,00 | -5,00 | |
| Rapeseed (€/t) | |||
|---|---|---|---|
| Août 24 | 458,75 | -13,75 | |
| Nov. 24 | 480,25 | -13,25 | |
| Févr. 25 | 483,25 | -12,75 | |
| Mai 25 | 483,00 | -11,00 | |
| Août 25 | 459,25 | -6,50 | |
26/07/2024
| Wheat (€/t) : 4000 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 100 | Call Sept. 24 | 220,00 | |
| 820 | Call Sept. 24 | 230,00 | |
| 70 | Call Sept. 24 | 240,00 | |
| 200 | Call Sept. 24 | 245,00 | |
| 834 | Call Déc. 24 | 228,00 | |
| 3 | Call Déc. 24 | 229,00 | |
| 30 | Call Déc. 24 | 230,00 | |
| 100 | Call Déc. 24 | 240,00 | |
| 100 | Call Déc. 24 | 250,00 | |
| 20 | Put Sept. 24 | 215,00 | |
| 400 | Put Sept. 24 | 219,00 | |
| 1020 | Put Sept. 24 | 220,00 | |
| 303 | Put Déc. 24 | 220,00 | |
| Corn (€/t) : 0 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| Rapeseed (€/t) : 1670 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 45 | Call Nov. 24 | 490,00 | |
| 20 | Call Nov. 24 | 505,00 | |
| 10 | Call Nov. 24 | 510,00 | |
| 1 | Call Nov. 24 | 530,00 | |
| 25 | Call Mai 25 | 480,00 | |
| 25 | Call Mai 25 | 505,00 | |
| 2 | Call Mai 25 | 530,00 | |
| 750 | Put Nov. 24 | 440,00 | |
| 750 | Put Nov. 24 | 460,00 | |
| 10 | Put Nov. 24 | 485,00 | |
| 7 | Put Nov. 24 | 492,50 | |
| 25 | Put Mai 25 | 460,00 | |
| Wheat (¢/b) | |||
|---|---|---|---|
| Sept. 24 | 523,5000 | -15,0000 | |
| Déc. 24 | 548,5000 | -14,7500 | |
| Mars 25 | 569,0000 | -15,0000 | |
| Mai 25 | 581,0000 | -14,7500 | |
| Juil. 25 | 586,7500 | -14,0000 | |
| Corn (¢/b) | |||
|---|---|---|---|
| Sept. 24 | 394,5000 | -11,2500 | |
| Déc. 24 | 410,0000 | -10,7500 | |
| Mars 25 | 424,5000 | -10,5000 | |
| Mai 25 | 435,0000 | -10,2500 | |
| Juil. 25 | 442,7500 | -9,7500 | |
| Soybean (¢/b) | |||
|---|---|---|---|
| Août 24 | 1077,5000 | -44,2500 | |
| Sept. 24 | 1042,0000 | -34,2500 | |
| Nov. 24 | 1048,5000 | -33,0000 | |
| Janv. 25 | 1064,0000 | -31,5000 | |
| Mars 25 | 1076,0000 | -29,0000 | |
| Soy meal ($/st) | |||
|---|---|---|---|
| Août 24 | 353,3000 | -1,0000 | |
| Sept. 24 | 334,3000 | -1,4000 | |
| Oct. 24 | 323,2000 | -4,3000 | |
| Déc. 24 | 324,7000 | -5,2000 | |
| Janv. 25 | 325,4000 | -5,5000 | |
| Soy oil (¢/lb) | |||
|---|---|---|---|
| Août 24 | 43,6600 | -2,1900 | |
| Sept. 24 | 43,0100 | -2,1800 | |
| Oct. 24 | 42,3000 | -2,2100 | |
| Déc. 24 | 41,8300 | -2,2700 | |
| Janv. 25 | 41,8500 | -2,1800 | |
26/07/2024
| 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 2024 basis | 300,00 | +0,00 | |
| Corn delivered Bordeaux Spot - July 2023 basis | 210,00 | -2,00 | |
| Corn FOB Rhin Spot - July 2023 basis | 215,00 | -2,00 | |
| Feed barley delivered Rouen - July 2024 basis | 190,00 | -3,00 | |
| Malting barley FOB Creil Spot - July 2024 basis | 259,00 | +0,00 | |
| Rapessed FOB Moselle Spot - Flat - 2024 harvest | 488,00 | +1,00 | |
| Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest | 470,00 | +0,00 | |
| Feed peas FOB Creil Spot - August 2024 basis | 295,00 | +0,00 | |
Events
European market
Depressed the previous day due to the economic slowdown in China, the macro-economic context improved yesterday. US growth in Q2 2024 was 2.8% year-on-year, well above the 2.1% expected. Financial markets have recovered slightly as a result. The larger-than-expected drop in weekly oil inventories in the United States is supporting a slight rebound in crude oil.
The oilseed sector, which had been very depressed the previous day, recovered slightly yesterday. Against this backdrop, Euronext November 2024 rapeseed, after losing up to -9.25 €/t in yesterday's session, managed to close +0.75 €/t higher at 493.50 €/t. It should be noted that the August 2024 maturity is in a class of its own on the downside, mainly driven by position closings as it expires on Wednesday July 31.
The wheat market remains more distant from macro-economic upheavals, focusing yesterday on the dominance and competition from Black Sea origins. With few new elements on the French harvest, prices continued to ease yesterday, giving up -4.00 €/t to 227.25 €/t at the close on Euronext's September 2024 maturity. Corn falls in sympathy with wheat.
Yesterday, the European Commission published its new estimates for 2024/2025 for the EU27:
Soft wheat production 120.8 Mt vs 121.9 Mt last month and stocks 10.7 Mt vs 13.1 Mt last month
Barley production 52.7 Mt vs 53.4 Mt last month
Corn production 62.9 Mt vs 64.8 Mt last month
Rapeseed production 18.4 Mt vs 18.8 Mt last month
American market
Warm, dry weather in the western Corn Belt over the next few weeks is gradually stimulating discussions among US operators, and in particular is beginning to stimulate buybacks by funds with record shorts in corn and soybeans to date.
These markets are also supported by good weekly export sales. In corn, 745,200 t were sold over the new 2024/2025 campaign, above expectations, as were soybeans, with 829,700 t over 2024/2025, above expectations.
While corn and soybean exports are strengthening, US wheat exports, which have been booming in recent weeks, are slowing sharply. Weekly sales of 309,300 t of wheat fell to the bottom of expectations, disconcerting operators. Added to this is the prospect of a very good spring wheat crop in the United States, reinforced by this week's crop tour results from the Wheat Quality Council. North Dakota spring wheat yields for 2024 are expected to be the highest since 1992, at 54.5 bushels per acre.
Yesterday, funds were buying corn and soybeans, and selling wheat. Note that this is the 5th consecutive session of buying by funds on corn.
Black Sea market
To follow price trends in Russia on a daily basis, request full access to the AgriMarkets report on the Black Sea basin by clicking here
