Pre-opening 25/04/2024
Paris Chicago
Wheatunch+ 1 cent
Cornunch to -1€/t- 1 cent
Rapeseed- 2 €/t
Soybean- 7 cents
Indexes 24/04/2024
€/$1,0686 $
Oil WTI82,81 $/b

Wheat (€/t)
Mai 24208,50-0,50
Sept. 24228,50-0,25
Déc. 24234,50+0,50
Mars 25237,00-0,75
Mai 25238,75-1,25
Corn (€/t)
Juin 24210,50-1,75
Août 24214,00-1,75
Nov. 24210,00-2,00
Mars 25211,50-1,75
Juin 25212,25-1,25
Rapeseed (€/t)
Mai 24441,75-0,75
Août 24459,50-1,00
Nov. 24465,50-0,75
Févr. 25468,50-1,25
Mai 25467,50+0,25

24/04/2024

Wheat (€/t) : 7329 lots
LotsTypeStrike
1Call Sept. 24218,00
200Call Sept. 24220,00
1Call Sept. 24225,00
600Call Sept. 24226,00
6Call Sept. 24228,00
1010Call Sept. 24240,00
40Call Sept. 24245,00
42Call Déc. 24230,00
1Call Déc. 24238,00
2000Call Déc. 24240,00
2000Call Déc. 24260,00
1Call Mars 25215,00
6Call Mars 25233,00
122Put Sept. 24195,00
40Put Sept. 24200,00
600Put Sept. 24210,00
90Put Sept. 24220,00
140Put Sept. 24225,00
185Put Déc. 24200,00
1Put Déc. 24229,00
180Put Déc. 24230,00
10Put Mars 25220,00
25Put Mars 25230,00
28Put Mars 25233,00
Corn (€/t) : 160 lots
LotsTypeStrike
40Put Nov. 24200,00
40Put Nov. 24205,00
40Put Mars 25202,00
40Put Mars 25207,00
Rapeseed (€/t) : 27 lots
LotsTypeStrike
1Put Nov. 24460,00
1Put Févr. 25465,00
25Put Août 25410,00

Wheat (¢/b)
Mai 24594,5000+5,5000
Juil. 24613,0000+4,7500
Sept. 24631,2500+4,0000
Déc. 24654,0000+3,5000
Mars 25672,2500+2,5000
Corn (¢/b)
Mai 24437,7500+0,5000
Juil. 24448,5000+0,0000
Sept. 24458,2500+0,2500
Déc. 24472,7500+0,0000
Mars 25486,0000+0,0000
Soybean (¢/b)
Mai 241166,0000-6,2500
Juil. 241181,5000-6,0000
Août 241184,0000-5,7500
Sept. 241171,7500-7,5000
Nov. 241174,5000-6,5000
Soy meal ($/st)
Mai 24346,0000-2,1000
Juil. 24349,2000-2,5000
Août 24350,0000-2,8000
Sept. 24350,3000-3,0000
Oct. 24350,1000-3,1000
Soy oil (¢/lb)
Mai 2444,6600+0,0000
Juil. 2445,2700+0,0100
Août 2445,4500+0,0200
Sept. 2445,5500-0,0200
Oct. 2445,5300-0,0200

25/04/2024

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 basis310,00+5,00
Corn delivered Bordeaux Spot - July 2023 basis203,00+4,00
Corn FOB Rhin Spot - July 2023 basis200,00+2,00
Feed barley delivered Rouen - July 2023 basis187,00-1,00
Malting barley FOB Creil Spot - July 2023 basis315,00+0,00
Rapessed FOB Moselle Spot - Flat - 2023 harvest442,00-8,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest405,00-5,00
Feed peas FOB Creil Spot - August 2023 basis235,00+0,00

Events

Analysis 25/04/2024

European market

While temperatures remain excessively cold in Western Europe, they continue to climb in southern Russia, reaching 30°C.
Concerns are growing over the new season wheat contract on Euronext, with funds continuing to buy back their short positions. In this context, the September 2024 contract climbed another step yesterday to close up €5.50/t at €228.50/t, returning to its October 1 level.
This widens the gap with the previous campaign. Under the weight of large carryover stocks and international competition, the May 2024 expiry fell by -1 €/t to 208.50 €/t, putting it 20 €/t below September 2024.
The situation is different for corn, where both old and new seasons are progressing. The June 2024 expiry gained +6.25 €/t to close at 210.50 €/t, while November 2024 was up +5.25 €/t to 210 €/t.
Rapeseed is decreasing, with funds already long on the Euronext contract and palm oil struggling in Kuala Lumpur.

American market

In addition to concerns about cold weather in Western Europe and dry conditions in southern Russia, there has been a deterioration in US winter wheat in Kansas, the number 1 producing state in the US. As in Europe, this situation is prompting funds to buy back their short positions, mainly in HRW wheat from the former Kansas City, but also in SRW wheat from Chicago.
Corn and soybeans were much more cautious, closing slightly lower in the absence of any new bullish elements specific to this commodity, whose fundamentals remain weaker than those of wheat. However, the prospect of heavy rain in the Corn Belt over the next few days is beginning to stimulate discussion. In Argentina, it is still the attack by leafhoppers on corn that is causing concern. The Rosario stock exchange said yesterday that the current hot weather was worsening the problem.
Yesterday, funds were buying wheat in Chicago for the 5th consecutive session, while they were selling corn and were neutral on soybeans.

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.