| Paris | Chicago | |
|---|---|---|
| Wheat | + 1 € | + 4 cents |
| Corn | + 1 € | unch |
| Rapeseed | + 1 to + 2 € | |
| Soybean | + 12 cents |
| €/$ | 1.1603 $ |
| Oil WTI | 83.76 $/b |
| Wheat (€/t) | |||
|---|---|---|---|
| Dec 21 | 280.00 | +2.00 | |
| Mar 22 | 275.00 | +1.50 | |
| May 22 | 270.75 | +2.00 | |
| Sep 22 | 243.00 | +1.75 | |
| Dec 22 | 242.00 | +2.25 | |
| Corn (€/t) | |||
|---|---|---|---|
| Nov 21 | 249.00 | -1.75 | |
| Jan 22 | 243.50 | -1.00 | |
| Mar 22 | 242.75 | -1.25 | |
| Jun 22 | 243.25 | -0.50 | |
| Aug 22 | 244.50 | -0.25 | |
| Rapeseed (€/t) | |||
|---|---|---|---|
| Nov 21 | 674.50 | +10.50 | |
| Feb 22 | 669.75 | +10.75 | |
| May 22 | 656.25 | +9.25 | |
| Aug 22 | 565.00 | +6.25 | |
| Nov 22 | 554.25 | +5.50 | |
22/10/2021
| Wheat (€/t) : 13400 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 200 | Call Dec 21 | 215.00 | |
| 200 | Call Dec 21 | 230.00 | |
| 300 | Call Dec 21 | 243.00 | |
| 200 | Call Dec 21 | 246.00 | |
| 14 | Call Dec 21 | 255.00 | |
| 500 | Call Dec 21 | 260.00 | |
| 500 | Call Dec 21 | 265.00 | |
| 501 | Call Dec 21 | 280.00 | |
| 1500 | Call Mar 22 | 270.00 | |
| 400 | Call Mar 22 | 275.00 | |
| 811 | Call Mar 22 | 280.00 | |
| 1000 | Call Mar 22 | 290.00 | |
| 1200 | Call Mar 22 | 295.00 | |
| 100 | Call Mar 22 | 300.00 | |
| 700 | Call May 22 | 270.00 | |
| 250 | Call May 22 | 280.00 | |
| 700 | Call May 22 | 290.00 | |
| 700 | Call Sep 22 | 240.00 | |
| 1200 | Call Sep 22 | 260.00 | |
| 100 | Call Sep 22 | 265.00 | |
| 402 | Put Dec 21 | 245.00 | |
| 15 | Put Dec 21 | 250.00 | |
| 20 | Put Dec 21 | 280.00 | |
| 210 | Put Mar 22 | 250.00 | |
| 500 | Put Mar 22 | 252.00 | |
| 100 | Put Mar 22 | 253.00 | |
| 400 | Put Mar 22 | 255.00 | |
| 100 | Put Mar 22 | 268.00 | |
| 200 | Put May 22 | 190.00 | |
| 100 | Put May 22 | 200.00 | |
| 75 | Put May 22 | 210.00 | |
| 25 | Put May 22 | 224.00 | |
| 25 | Put May 22 | 234.00 | |
| 50 | Put May 22 | 250.00 | |
| 100 | Put Sep 22 | 235.00 | |
| 2 | Put Dec 22 | 240.00 | |
| Corn (€/t) : 0 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| Rapeseed (€/t) : 381 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 110 | Call Feb 22 | 670.00 | |
| 10 | Call Feb 22 | 690.00 | |
| 10 | Call Feb 22 | 700.00 | |
| 200 | Put Feb 22 | 650.00 | |
| 50 | Put Feb 22 | 670.00 | |
| 1 | Put Nov 22 | 555.00 | |
| Wheat (¢/b) | |||
|---|---|---|---|
| Dec 21 | 756.0000 | +3.5000 | |
| Mar 22 | 767.5000 | +3.7500 | |
| May 22 | 769.7500 | +4.5000 | |
| Jul 22 | 756.5000 | +5.5000 | |
| Sep 22 | 757.2500 | +5.5000 | |
| Corn (¢/b) | |||
|---|---|---|---|
| Dec 21 | 538.0000 | -0.2500 | |
| Mar 22 | 546.7500 | -0.5000 | |
| May 22 | 550.7500 | -0.5000 | |
| Jul 22 | 551.0000 | +0.0000 | |
| Sep 22 | 534.7500 | +0.7500 | |
| Soybean (¢/b) | |||
|---|---|---|---|
| Nov 21 | 1220.5000 | +12.7500 | |
| Jan 22 | 1230.7500 | +13.0000 | |
| Mar 22 | 1239.7500 | +13.5000 | |
| May 22 | 1249.0000 | +13.5000 | |
| Jul 22 | 1254.5000 | +12.0000 | |
| Soy meal ($/st) | |||
|---|---|---|---|
| Dec 21 | 327.4000 | -0.7000 | |
| Jan 22 | 325.4000 | -0.1000 | |
| Mar 22 | 325.4000 | +0.2000 | |
| May 22 | 327.8000 | +0.8000 | |
| Jul 22 | 331.5000 | +0.7000 | |
| Soy oil (¢/lb) | |||
|---|---|---|---|
| Dec 21 | 62.0900 | +1.0600 | |
| Jan 22 | 61.6200 | +1.0400 | |
| Mar 22 | 60.7700 | +1.0500 | |
| May 22 | 59.8000 | +1.1000 | |
| Jul 22 | 59.0000 | +1.1100 | |
25/10/2021
| Physical (€/t) | |||
|---|---|---|---|
| Durum wheat delivered La Pallice Spot - July 2021 basis | 470.00 | +0.00 | |
| Wheat delivered Rouen - July 2021 basis | 276.00 | +3.00 | |
| Corn delivered Bordeaux Spot - July 2021 basis | 250.00 | +2.00 | |
| Corn FOB Rhin Spot - July 2021 basis | 258.00 | +2.00 | |
| Feed barley delivered Rouen - July 2021 basis | 250.00 | +3.00 | |
| Malting barley FOB Creil Spot - July 2021 basis | 338.00 | +0.00 | |
| Rapessed FOB Moselle Spot - Flat - 2021 harvest | 670.00 | -3.00 | |
| Standard sunseed delivered St Nazaire Spot - Flat - 2021 harvest | 618.00 | +3.00 | |
| Feed peas FOB Creil Spot - August 2021 basis | 320.00 | +2.00 | |
European market
On Friday, prices rose again with new highs reached in wheat on Euronext. Thimovement is still caused by tight S&D balances and a strong demand despite the high level of prices.
On the international scene, Tunisia would have bought 50 000 t of milling wheat and 50 000 t of feed barley from optional origins.
According to FranceAgriMer, 32% of the corn area was harvested by 18 October, well below the 75% harvested last year. In wheat, autumn sowings were around 40% completed by 18 October. Winter barley plantings were 59% done, compared to 54% last year to date.
The corn shows a delay in maturity, which explains the delay in harvesting, pushing prices higher on close deliveries.
Palm oil is rebounding this morning in Kuala Lumpur. This, together with the firmness of oil and soybeans, should support rapeseed prices at the start of the week. On Friday, prices lost ground, along with canola.
The dollar is falling slightly this morning to 1.1660 against the euro and 70.30 against the ruble. Oil continues to climb at 84.60 usd/barrel in NY.
American market
In Chicago, after a clear increase in prices on Friday, firmness remains in place this Monday morning.
Soybean plantings in Brazil are progressing in good conditions.The soybean is finding support from the firmness of veg oils, and therefore crushing margins. Like for the corn, this market is undecided between supplies considered as comfortable, but fears of a reduction in acreage next year, due to the hike in fertilizer costs. Rising ethanol production is also supporting the market.
South American conditions remain normal for the time being, but the risk of a La Nina effect developing in the coming weeks remains to be monitored.
Friday, funds were net buyers in 3,500 lots of corn and 7,500 lots of wheat. They were net sellers in 2,500 lots of soybeans.
Black Sea market
While wheat prices continue to rise in the Black Sea basin, corn prices progression is slowing down, notably due to drier weather, allowing harvesting to progress.
Feed barley prices remain firm amid a good export activity. Thus the optional origins of Tunisian buyers could turn to Ukraine.
Oil continues to rise
Tweets by agritelparis