Pre-opening 25/10/2021
Paris Chicago
Wheat+ 1 €+ 4 cents
Corn+ 1 €unch
Rapeseed+ 1 to + 2 €
Soybean+ 12 cents
Indexes 22/10/2021
€/$1.1630 $
Oil WTI83.76 $/b

Wheat (€/t)
Dec 21280.00+1.50
Mar 22275.00+1.25
May 22270.75+1.75
Sep 22243.00+1.50
Dec 22242.00+2.00
Corn (€/t)
Nov 21249.00-1.75
Jan 22243.50-1.50
Mar 22242.75-1.25
Jun 22243.25-0.25
Aug 22244.50+0.50
Rapeseed (€/t)
Nov 21674.50+10.25
Feb 22669.75+11.25
May 22656.25+9.25
Aug 22565.00+6.50
Nov 22554.25+5.50

22/10/2021

Wheat (€/t) : 13400 lots
LotsTypeStrike
200Call Dec 21215.00
200Call Dec 21230.00
300Call Dec 21243.00
200Call Dec 21246.00
14Call Dec 21255.00
500Call Dec 21260.00
500Call Dec 21265.00
501Call Dec 21280.00
1500Call Mar 22270.00
400Call Mar 22275.00
811Call Mar 22280.00
1000Call Mar 22290.00
1200Call Mar 22295.00
100Call Mar 22300.00
700Call May 22270.00
250Call May 22280.00
700Call May 22290.00
700Call Sep 22240.00
1200Call Sep 22260.00
100Call Sep 22265.00
402Put Dec 21245.00
15Put Dec 21250.00
20Put Dec 21280.00
210Put Mar 22250.00
500Put Mar 22252.00
100Put Mar 22253.00
400Put Mar 22255.00
100Put Mar 22268.00
200Put May 22190.00
100Put May 22200.00
75Put May 22210.00
25Put May 22224.00
25Put May 22234.00
50Put May 22250.00
100Put Sep 22235.00
2Put Dec 22240.00
Corn (€/t) : 0 lots
LotsTypeStrike
Rapeseed (€/t) : 381 lots
LotsTypeStrike
110Call Feb 22670.00
10Call Feb 22690.00
10Call Feb 22700.00
200Put Feb 22650.00
50Put Feb 22670.00
1Put Nov 22555.00

Wheat (¢/b)
Dec 21756.0000+1.0000
Mar 22767.5000+1.5000
May 22769.7500+1.7500
Jul 22756.5000+1.5000
Sep 22757.2500+1.5000
Corn (¢/b)
Dec 21538.0000-2.5000
Mar 22546.7500-2.7500
May 22550.7500-2.7500
Jul 22551.0000-2.2500
Sep 22534.7500-0.2500
Soybean (¢/b)
Nov 211220.5000+9.5000
Jan 221230.7500+9.5000
Mar 221239.7500+10.5000
May 221249.0000+10.5000
Jul 221254.5000+9.7500
Soy meal ($/st)
Dec 21327.4000-1.1000
Jan 22325.4000-0.5000
Mar 22325.4000-0.1000
May 22327.8000+0.5000
Jul 22331.5000+0.6000
Soy oil (¢/lb)
Dec 2162.0900+1.0500
Jan 2261.6200+0.9900
Mar 2260.7700+0.9600
May 2259.8000+1.0000
Jul 2259.0000+1.0600

25/10/2021

Physical (€/t)
Durum wheat delivered La Pallice Spot - July 2021 basis470.00+0.00
Wheat delivered Rouen - July 2021 basis276.00+3.00
Corn delivered Bordeaux Spot - July 2021 basis250.00+2.00
Corn FOB Rhin Spot - July 2021 basis258.00+2.00
Feed barley delivered Rouen - July 2021 basis250.00+3.00
Malting barley FOB Creil Spot - July 2021 basis338.00+0.00
Rapessed FOB Moselle Spot - Flat - 2021 harvest670.00-3.00
Standard sunseed delivered St Nazaire Spot - Flat - 2021 harvest618.00+3.00
Feed peas FOB Creil Spot - August 2021 basis320.00+2.00
Analysis 25/10/2021

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.

Live news

Oil continues to rise