Pre-opening 22/09/2023
Paris Chicago
Wheatunch to -1 €/t+3 cents
Cornunch to -1 €/t+1 cent
Soybean+ 5 cents
Indexes 22/09/2023
€/$1,0647 $
Oil WTI90,03 $/b

Wheat (€/t)
Déc. 23235,75-0,50
Mars 24242,25+0,00
Mai 24245,25+0,00
Sept. 24240,50+0,50
Déc. 24243,25+0,25
Corn (€/t)
Nov. 23209,25+1,00
Mars 24216,50+1,00
Juin 24219,75+0,25
Août 24222,00-2,00
Nov. 24212,75-1,25
Rapeseed (€/t)
Nov. 23441,25+1,75
Févr. 24459,25+0,00
Mai 24465,75-1,00
Août 24462,50-0,75
Nov. 24467,00+0,75


Wheat (€/t) : 1592 lots
640Call Déc. 23245,00
200Call Déc. 23250,00
300Call Déc. 23300,00
10Call Mai 24245,00
200Put Déc. 23210,00
150Put Déc. 23227,00
40Put Déc. 23235,00
1Put Déc. 23240,00
50Put Mars 24240,00
1Put Déc. 24210,00
Corn (€/t) : 0 lots
Rapeseed (€/t) : 8 lots
4Call Mai 24465,00
4Put Mai 24427,50

Wheat (¢/b)
Déc. 23579,5000+3,7500
Mars 24606,5000+4,0000
Mai 24623,7500+4,2500
Juil. 24633,5000+4,5000
Sept. 24645,7500+5,0000
Corn (¢/b)
Déc. 23477,2500+2,5000
Mars 24492,2500+2,5000
Mai 24501,0000+2,5000
Juil. 24505,5000+2,5000
Sept. 24503,0000+2,2500
Soybean (¢/b)
Nov. 231296,2500+1,5000
Janv. 241313,5000+1,7500
Mars 241324,7500+1,5000
Mai 241332,0000+0,7500
Juil. 241333,2500+0,5000
Soy meal ($/st)
Oct. 23388,2000-2,3000
Déc. 23385,8000-2,4000
Janv. 24382,3000-2,6000
Mars 24376,3000-2,6000
Mai 24372,4000-3,1000
Soy oil (¢/lb)
Oct. 2360,8500+1,0100
Déc. 2359,6200+1,0500
Janv. 2458,9500+1,0100
Mars 2458,3600+0,9100
Mai 2457,9800+0,8000


Physical (€/t)
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report
Durum wheat delivered La Pallice Spot - July 2023 basis380,00+0,00
Corn delivered Bordeaux Spot - July 2023 basis210,00-1,00
Corn FOB Rhin Spot - July 2023 basis203,00+0,00
Feed barley delivered Rouen - July 2023 basis220,00-2,00
Malting barley FOB Creil Spot - July 2023 basis285,00+0,00
Rapessed FOB Moselle Spot - Flat - 2023 harvest437,00-9,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2023 harvest405,00-5,00
Feed peas FOB Creil Spot - August 2023 basis255,00+0,00
Analysis 22/09/2023

European market

Yesterday's generalised drop in grain prices occurred amid a more general bearish trend on all financial markets.

The "high rates for a long time" policy is raising concerns. Moreover, better-than-expected employment figures in the United States have led financial operators to fear new rate hikes by the Fed, despite the pause announced on Wednesday.

The dollar's rise is penalizing the commodities sector. Oil, however, is holding its own. It managed to hold on to $90/barrel in New York, notably due to the ban on diesel and gasoline exports announced by Russia.

On the wheat market, with the week's wave of tenders from Algeria and Egypt now over, the bearish mood and competitive pressure from Russian wheat are back in the spotlight.

Corn and Rapeseed on Euronext are falling in the wake of corn and soybeans under harvest pressure in Chicago. Harvest pressure is also present on canola, which fell to a 3-month low in Winnipeg on the back of better-than-expected yields.

Discussions between Ukraine and its neighbors on the flow of Ukrainian grain exports remain active, and have dominated European debates for the past week.

American market

Given the general lack of confidence in the financial markets and the 6-month high of the Dollar Index, funds were selling all commodities in Chicago yesterday. They sold 12,000 lots of soybeans, 6,000 lots of corn and 6,000 lots of wheat.

Add to this external sluggishness the pressure of the autumn harvest starting in the United States, along with disappointing weekly export figures, and the conditions for a sharp drop in prices are in place.

Weekly US wheat export figures were in line with expectations at 321,700 tonnes. The figures for soybeans, at 434,100 tonnes, and corn, at 566,900 tonnes, were clearly disappointing. These two products continue to be penalized on the international stage by the very strong domination of Brazil and the low water levels in the Mississippi.

Live news

Dollar Index rises to 6-month high, penalizing commodities