Pre-opening 20/09/2024
Paris Chicago
Wheatunch to +1€/t+ 6 cents
Cornunch+ 1 cent
Rapeseed+ 1 €/t
Soybean+ 3 cents
Indexes 20/09/2024
€/$1,1166 $
Oil WTI67,67 $/b

Wheat (€/t)
Déc. 24216,00+0,25
Mars 25225,50+1,50
Mai 25230,00+1,75
Sept. 25226,50+1,50
Déc. 25231,25+1,25
Corn (€/t)
Nov. 24201,75+1,25
Mars 25209,25+1,50
Juin 25212,00+1,25
Août 25215,00+2,00
Nov. 25211,50+1,25
Rapeseed (€/t)
Nov. 24462,75-1,50
Févr. 25466,75-0,75
Mai 25469,00-0,75
Août 25449,00-0,50
Nov. 25451,50-0,50

20/09/2024

Wheat (€/t) : 908 lots
LotsTypeStrike
200Call Déc. 24225,00
200Call Déc. 24240,00
5Call Déc. 24263,00
25Call Mars 25224,00
20Call Mars 25226,00
8Call Mai 25230,00
200Put Déc. 24190,00
50Put Déc. 24195,00
200Put Mars 25205,00
Corn (€/t) : 0 lots
LotsTypeStrike
Rapeseed (€/t) : 2000 lots
LotsTypeStrike
250Call Nov. 24425,00
500Call Nov. 24450,00
250Call Nov. 24475,00
250Call Mai 25410,00
500Call Mai 25430,00
250Call Mai 25450,00

Wheat (¢/b)
Déc. 24565,5000+4,0000
Mars 25585,0000+3,7500
Mai 25596,0000+3,2500
Juil. 25602,0000+2,7500
Sept. 25613,2500+3,0000
Corn (¢/b)
Déc. 24405,7500-4,2500
Mars 25424,2500-4,5000
Mai 25435,2500-4,5000
Juil. 25442,0000-4,2500
Sept. 25439,7500-3,5000
Soybean (¢/b)
Nov. 241013,2500+0,2500
Janv. 251031,2500+0,0000
Mars 251045,2500+0,0000
Mai 251059,2500-0,2500
Juil. 251069,7500+0,2500
Soy meal ($/st)
Oct. 24319,9000-1,2000
Déc. 24321,6000-1,4000
Janv. 25322,8000-1,7000
Mars 25325,3000-1,7000
Mai 25327,9000-2,0000
Soy oil (¢/lb)
Oct. 2441,7500+0,3800
Déc. 2440,9300+0,4200
Janv. 2540,9500+0,4000
Mars 2541,0900+0,4300
Mai 2541,3400+0,4200

20/09/2024

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 basis305,00+0,00
Corn delivered Bordeaux Spot - July 2024 basis201,00-2,00
Corn FOB Rhin Spot - July 2024 basis206,00+0,00
Feed barley delivered Rouen - July 2024 basis183,00-2,00
Malting barley FOB Creil Spot - July 2024 basis241,00+0,00
Rapessed FOB Moselle Spot - Flat - 2024 harvest464,00-1,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest490,00+0,00
Feed peas FOB Creil Spot - August 2024 basis295,00+0,00

Events

Analysis 20/09/2024

European market

The larger-than-expected decline in interest rates in the United States spread some hope yesterday on the financial markets. New record for equities on the New York Stock Exchange, breakthrough in WTI crude oil at more than $70/barrel, strong progress in metals. Many markets were involved. Only the grains remained focused on their fundamental considerations.

European prices are among other things penalized by the rise of the euro / dollar which is displayed this Friday morning at 1.1166 vs 1.1070 a week before.

So, a generalized decline was observed yesterday on Euronext. Wheat is suffering as it has since the beginning of the week from renewed concerns about Russian competition, while new French port shipments are close to zero. Corn is a follower of wheat while rapeseed decreases in the wake of canola in Winnipeg.

Tunisia is one of the few wheat buying countries of the moment with yesterday the confirmation of a purchase of 125,000 t of soft wheat and 100,000 t of durum wheat.

American market

The grains did not take advantage yesterday of the euphoria on the other US financial markets. Wheat, corn and soybean prices showed a decrease. Wheat and corn are suffering after disappointing export figures. The soybeans are following this decline but are managing better thanks to stronger exports and fears of the dry weather in Brazil.

The USDA published yesterday the following weekly sales in the US for 2024-25:

  • Wheat 246 300 t
  • Corn: 847,400 t
  • Soybeans: 1.748mn t

In this context, the funds sold strongly yesterday in corn and wheat and slightly in soybeans in Chicago.

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.