| Paris | Chicago | |
|---|---|---|
| Wheat | unch | unch |
| Corn | unch | + 1 cent |
| Rapeseed | unch | |
| Soybean | + 1 cent |
| €/$ | 0,9748 $ |
| Oil WTI | 79,49 $/b |
| Wheat (€/t) | |||
|---|---|---|---|
| Déc. 22 | 356,75 | +4,50 | |
| Mars 23 | 355,00 | +4,50 | |
| Mai 23 | 354,25 | +4,50 | |
| Sept. 23 | 329,75 | +4,50 | |
| Déc. 23 | 329,25 | +4,25 | |
| Corn (€/t) | |||
|---|---|---|---|
| Nov. 22 | 341,00 | +3,50 | |
| Mars 23 | 341,75 | +3,50 | |
| Juin 23 | 342,50 | +3,50 | |
| Août 23 | 342,00 | +3,00 | |
| Nov. 23 | 303,00 | +5,00 | |
| Rapeseed (€/t) | |||
|---|---|---|---|
| Nov. 22 | 633,00 | +21,25 | |
| Févr. 23 | 636,75 | +17,75 | |
| Mai 23 | 638,25 | +17,00 | |
| Août 23 | 632,75 | +13,00 | |
30/09/2022
| Wheat (€/t) : 11828 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 5 | Call Déc. 22 | 260,00 | |
| 60 | Call Déc. 22 | 325,00 | |
| 1500 | Call Déc. 22 | 340,00 | |
| 420 | Call Déc. 22 | 350,00 | |
| 406 | Call Déc. 22 | 355,00 | |
| 40 | Call Déc. 22 | 359,00 | |
| 1020 | Call Déc. 22 | 360,00 | |
| 810 | Call Déc. 22 | 370,00 | |
| 406 | Call Déc. 22 | 375,00 | |
| 140 | Call Déc. 22 | 380,00 | |
| 420 | Call Déc. 22 | 390,00 | |
| 1950 | Call Déc. 22 | 400,00 | |
| 5 | Call Déc. 22 | 500,00 | |
| 125 | Call Mars 23 | 350,00 | |
| 50 | Call Mars 23 | 380,00 | |
| 76 | Call Mars 23 | 390,00 | |
| 162 | Call Sept. 23 | 390,00 | |
| 2 | Call Déc. 23 | 300,00 | |
| 16 | Call Déc. 23 | 365,00 | |
| 2550 | Put Déc. 22 | 320,00 | |
| 500 | Put Déc. 22 | 325,00 | |
| 40 | Put Déc. 22 | 327,00 | |
| 100 | Put Déc. 22 | 330,00 | |
| 406 | Put Déc. 22 | 333,00 | |
| 300 | Put Déc. 22 | 340,00 | |
| 50 | Put Mars 23 | 310,00 | |
| 75 | Put Mars 23 | 320,00 | |
| 1 | Put Mars 23 | 350,00 | |
| 162 | Put Sept. 23 | 290,00 | |
| 15 | Put Déc. 23 | 275,00 | |
| 16 | Put Déc. 23 | 325,00 | |
| Corn (€/t) : 53 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 1 | Call Nov. 22 | 320,00 | |
| 40 | Call Nov. 22 | 330,00 | |
| 11 | Call Nov. 22 | 335,00 | |
| 1 | Put Juin 23 | 340,00 | |
| Rapeseed (€/t) : 110 lots | |||
|---|---|---|---|
| Lots | Type | Strike | |
| 1 | Call Févr. 23 | 640,00 | |
| 50 | Call Août 23 | 822,50 | |
| 50 | Put Nov. 22 | 590,00 | |
| 2 | Put Nov. 22 | 600,00 | |
| 3 | Put Août 23 | 530,00 | |
| 4 | Put Nov. 23 | 630,00 | |
| Wheat (¢/b) | |||
|---|---|---|---|
| Déc. 22 | 921,5000 | +27,0000 | |
| Mars 23 | 932,0000 | +24,7500 | |
| Mai 23 | 936,7500 | +20,5000 | |
| Juil. 23 | 912,2500 | +10,7500 | |
| Corn (¢/b) | |||
|---|---|---|---|
| Déc. 22 | 677,5000 | +8,5000 | |
| Mars 23 | 684,0000 | +8,5000 | |
| Mai 23 | 684,5000 | +7,5000 | |
| Juil. 23 | 678,2500 | +6,2500 | |
| Sept. 23 | 629,2500 | +3,5000 | |
| Soybean (¢/b) | |||
|---|---|---|---|
| Nov. 22 | 1364,7500 | -44,7500 | |
| Janv. 23 | 1375,5000 | -45,5000 | |
| Mars 23 | 1383,2500 | -41,7500 | |
| Mai 23 | 1390,5000 | -37,0000 | |
| Juil. 23 | 1393,0000 | -37,2500 | |
| Soy meal ($/st) | |||
|---|---|---|---|
| Oct. 22 | 403,2000 | -7,0000 | |
| Déc. 22 | 403,0000 | -4,2000 | |
| Janv. 23 | 401,3000 | -3,9000 | |
| Mars 23 | 397,2000 | -2,4000 | |
| Mai 23 | 395,0000 | -1,9000 | |
| Soy oil (¢/lb) | |||
|---|---|---|---|
| Oct. 22 | 65,3500 | -2,3400 | |
| Déc. 22 | 61,5600 | -2,5300 | |
| Janv. 23 | 60,8900 | -2,4200 | |
| Mars 23 | 60,1200 | -2,3000 | |
| Mai 23 | 59,4400 | -2,1700 | |
30/09/2022
| Physical (€/t) | |||
|---|---|---|---|
| Durum wheat delivered La Pallice Spot - July 2022 basis | 440,00 | +0,00 | |
| Wheat delivered Rouen - July 2022 basis | 349,00 | -2,00 | |
| Corn delivered Bordeaux Spot - July 2022 basis | 349,00 | -2,00 | |
| Corn FOB Rhin Spot - July 2022 basis | 334,00 | -2,00 | |
| Feed barley delivered Rouen - July 2022 basis | 310,00 | -2,00 | |
| Malting barley FOB Creil Spot - July 2022 basis | 350,00 | +0,00 | |
| Rapessed FOB Moselle Spot - Flat - 2022 harvest | 613,00 | +5,00 | |
| Oleic sunseed delivered St Nazaire Spot - Flat - 2022 harvest | 670,00 | +0,00 | |
| Feed peas FOB Creil Spot - August 2022 basis | 390,00 | +0,00 | |
European market
The euro is bouncing back from lowest levels recorded at the start of the week to climb back above 0.98 this morning. The markets are still very nervous and show significant movements in a turbulent geopolitical and macroeconomic context. The situation remains tense in the Black Sea area. Today a ceremony will be held in the Kremlin following the results of the referendum organised in the annexed Ukrainian areas.
In terms of export activity, the result of the Algerian wheat tender will be interesting to follow in view of the competition between Russian and European origins.
European corn and sunflower harvests are progressing. This is bringing supplies on the market even if volumes are significantly below those of last year due to the summer severe dryness. The drought is also causing delays in corn sowing in Argentina. The Buenos Aires exchange estimates that 5.8% of the crop has been planted so far, compared with 11% at the same time last year.
The oilseed market is rebounding cautiously after the decline observed in recent days. The palm is leading this movement. Rapeseed prices on Euronext are back to beginning of month's levels, without being able to close above 620 €/t on the November 2022 contract.
American market
Prices were little changed yesterday pending the USDA's release of quarterly US stocks later today. Corn prices are testing a support zone in Chicago at this harvest time. The SRW wheat, December 2022 contract, is stalling close to the resistance of 9.20 $/b.
However, weekly export sales figures have offered some comfort for the current crop year, with wheat and corn numbers in line with expectations. For these two products, volumes for the 2022/2023 season reached 279,800 t and 512,100 t respectively. Above 1 Mt, export sales of soybean have increased significantly over the past week. This has provided some support to the market. Half of the volume is reportedly destined for China.
Favorable current weather conditions should allow for a strong acceleration of the harvest from now on.
Black Sea market
Request access to the full daily report on the Black Sea Basin contained in the Argus AgriMarkets service by clicking here.
USDA releases quarterly stocks later today
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