Pre-opening 30/04/2025
Paris Chicago
WheatUnchanged to +1 €/t+ 2 cents
CornUnchanged to +1 €/t+ 1 cent
Rapeseed- 1 €/t
Soybean- 5 cents
Indexes 30/04/2025
€/$1,1373 $
Oil WTI60,42 $/b

Wheat (€/t)
Mai 25202,75+0,00
Sept. 25206,25+0,50
Déc. 25214,75+0,50
Mars 26220,75+0,25
Mai 26224,75+0,25
Corn (€/t)
Juin 25199,50-0,75
Août 25205,00+0,25
Nov. 25202,75+0,25
Mars 26208,25+0,25
Juin 26202,50-1,00
Rapeseed (€/t)
Août 25462,00-7,75
Nov. 25466,75-7,25
Févr. 26470,00-6,50
Mai 26471,75-6,50
Août 26455,00-7,75

29/04/2025

Wheat (€/t) : 5986 lots
LotsTypeStrike
100Call Sept. 25205,00
2Call Sept. 25206,00
81Call Sept. 25207,00
21Call Sept. 25208,00
2Call Sept. 25209,00
100Call Sept. 25210,00
401Call Sept. 25215,00
440Call Sept. 25220,00
20Call Sept. 25238,00
16Call Sept. 25250,00
20Call Déc. 25200,00
22Call Déc. 25215,00
15Call Déc. 25216,00
6Call Déc. 25217,00
685Call Déc. 25230,00
40Call Déc. 25260,00
125Call Déc. 25270,00
125Call Déc. 25280,00
11Call Mars 26220,00
3Call Mars 26222,00
5Call Mars 26225,00
3Call Mars 26240,00
516Call Mars 26260,00
4Call Mai 26225,00
50Call Mai 26230,00
50Call Mai 26245,00
340Put Sept. 25195,00
340Put Sept. 25205,00
16Put Sept. 25206,00
660Put Déc. 25200,00
685Put Déc. 25215,00
516Put Mars 26205,00
516Put Mars 26220,00
50Put Mai 26200,00
Corn (€/t) : 121 lots
LotsTypeStrike
18Call Juin 25205,00
85Call Août 25225,00
18Put Juin 25200,00
Rapeseed (€/t) : 703 lots
LotsTypeStrike
100Call Nov. 25525,00
100Put Nov. 25415,00
500Put Nov. 25447,50
3Put Nov. 25475,00

Wheat (¢/b)
Mai 25505,7500+8,0000
Juil. 25525,5000+6,2500
Sept. 25540,5000+5,7500
Déc. 25564,0000+5,5000
Mars 26584,2500+5,5000
Corn (¢/b)
Mai 25460,5000+5,5000
Juil. 25470,2500+4,7500
Sept. 25434,7500+0,5000
Déc. 25444,5000+0,0000
Mars 26459,5000-0,2500
Soybean (¢/b)
Mai 251041,0000-9,7500
Juil. 251052,7500-10,5000
Août 251046,2500-10,2500
Sept. 251023,0000-10,5000
Nov. 251025,2500-9,7500
Soy meal ($/st)
Mai 25290,5000-0,2000
Juil. 25298,2000-0,2000
Août 25300,4000-0,2000
Sept. 25301,5000-0,3000
Oct. 25301,5000-0,4000
Soy oil (¢/lb)
Mai 2548,8500-0,5800
Juil. 2549,3300-0,6400
Août 2549,3300-0,6600
Sept. 2549,2100-0,6700
Oct. 2549,0000-0,6800

01/05/2025

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 basis295,00+15,00
Corn delivered Bordeaux Spot - July 2024 basis193,00-1,00
Corn FOB Rhin Spot - July 2024 basis193,00-1,00
Feed barley delivered Rouen - July 2024 basis186,00-1,00
Malting barley FOB Creil Spot - July 2024 basis217,00+0,00
Rapessed FOB Moselle Spot - Flat - 2024 harvest480,00-63,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest615,00+0,00
Feed peas FOB Creil Spot - August 2024 basis280,00+0,00

Events

Analysis 30/04/2025

European market

This week, shortened by one session in Europe due to the May 1st holiday on Euronext, is full of new developments in the commodity futures markets. On Monday, the CME Group launched trading of its new European rapeseed oil (RSO) futures contract, based on the Argus Media Fob Dutch Mill price reference.

Now, attention turns to the announcement made last night regarding the upcoming launch—on June 1st—of a new Black Sea wheat futures contract, also by the CME Group. This cash-settled contract will be based on the Argus Media Fob CVB price reference (covering Constanța in Romania, Varna, and Burgas in Bulgaria) with a protein content of 12.5 %. The physical reference price is available in the Argus Agrimarkets publication.

Since the beginning of the conflict in Ukraine three years ago, Black Sea wheat—which accounts for about 40% of global exports—has lacked a futures contract. With this new financial tool, market participants will once again have a means to manage price risks more effectively and bring greater transparency to the market. Pending regulatory approval, the CME Group plans to begin trading this new contract on June 2nd.

Yesterday was a day of uncertainty for commodities, with oil leading the downturn. The lack of significant progress in negotiations between the U.S. and China, combined with OPEC members' latest indications of increased production, drove oil prices below the symbolic 60 $ threshold in New York.

Adding to the market gloom was the decline in U.S. grain prices in Chicago, as well as a rise in the euro/dollar exchange rate above 1.14 during yesterday's session, further unsettling European grain markets.

Transactions have been particularly active in the near-term contracts, as market participants prepare for the upcoming expiration of May 2025 contracts on Euronext. The wheat contract—losing 4.75 €/t at yesterday’s close—will expire on May 12th, while the rapeseed contract, which dropped by more than 60 €/t yesterday, will expire today, Wednesday, April 30th, amid the delicate final position adjustments.

American market

Beyond the sharp decline in oil prices, the overall bearish sentiment observed yesterday in Chicago originated from the field. All commodities retreated in response to the USDA's weekly report, published on Monday, detailing crop conditions and planting progress.

The significant improvement in U.S. winter wheat conditions—now back to last year's level at 49 % rated as good to excellent—is weighing heavily on this market. This pressure is further reinforced by the expectation of beneficial rainfall in the southern Great Plains.

Soybeans are declining due to the near-record pace of U.S. planting progress, reaching 18 % compared to the usual 12 %. While corn planting is not advancing as quickly—standing at 24 % completed—highly favorable weather conditions for seed emergence are also exerting downward pressure on its prices.

Unlike the European market, the U.S. market will remain open this Thursday, May 1st, as it is not a public holiday in the United States.

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.

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