Today :

 

PRICE ARE NOW FOR 2015 HARVEST

Euro /dollar: 1.0616

CRB index: 184.3933 points

Crude oil: 41.6 $/barrel

     Training : Futures markets and options : New ! The 14/15 of January 2016 in Paris(in English)

Paris: Preopening

Wheat:  unchanged
Corn:  unchanged
Rapeseed: unchanged

Chicago: Preopening

Wheat:  unchanged
Corn:   unchanged
Soybean:  - 2  cents

European Market

In a context of ample global supplies, low level of demand and favorable climatic conditions, market has been quiet yesterday. Higher temperatures than normal are registered in a large part of Europe including Ukraine.

The only noticeable event will be today’s ECB’s meeting with further stimulus expected to support a subdued European economy. In such environment, the euro is still weak under 1.06 vs dollar.

On the international stage, we can note the sale of 124 000 t of US soybean to unknown destination. On its side, Jordan has postponed its feed barley’s tender in 100 000 t. The authorities will seek the same volume in a new tender with offers’ deadline on the 9^th of December.

Rapeseed is rising again on Euronext with improvement of basis as well. This market is following soybean but crude oil has declined a bit more.

 

 

 

Wheat, harvest 2015, quotes at 169 €/t  on a July basis for a quality 76/220/11, delivery Rouen.

Chicago wheat trades to an equivalent of  161.80 €/t  for December 2015 delivery.

Durum wheat, harvest 2015, trades between 275 €/t nominal delivered Port La Nouvelle.

Rapeseed, harvest 2015, quotes at 388 €/t nominal FOB Moselle, November 2015 delivery.

Feed barley, harvest 2015, quotes at 160 €/t  July basis for standard quality, delivery Rouen.

Malting barley, Sebastian variety, harvest 2015, quotes at 181 €/t July basis, FOB Creil.

Sunflower, harvest 2015, quotes at 415 €/t nominal, October delivery, equivalent Saint-Nazaire.

Corn, 2014 harvest, trades at 160 €/t on a July 2015 basis, FOB Bordeaux

The feeding pea market trades at 210 €/t nominal, August 2015 basis, FOB Creil

 

 

American Market

Cereal’s prices eased again, soybean progressed, mainly for the grain and oil, on its side, soymeal declined again.

Funds are net sellers on all products, which is infrequent for soybean and corn. Yesterday they were net sellers of 6 000 lots of corn and 3 000 lots of wheat. They were net buyers of 4 000 lots of soybean.

The increase of weekly crude oil’s stocks limited the soybean rise.

Prices provided below are now for the 2015 harvest.

 

Corn December 2015, closed at 3.7025 $/bushel, + 1.50  cents from previous day.

Wheat December 2015, closed at 4.6725 $/bushel, - 4 cents from previous day.

Soybean November 2015 closed at 8.95 $/bushel  + 8.25 cents from previous day.

Soy meal December 2015, closed at 288.90 $/t, + 1.10 $/t from previous day.

Soy oil December 2015, closed at 30.81 cents/lb, + 0.67 cents from previous day.

 

 

Black Sea market

In Ukraine, commercial activity on physical market is starting to slow down  due to proximity of end of year’s traditional break. The price decline observed last week in port area pushed local prices down, in dollar equivalent.

Millers are now rushing to secure early year’s sunflower volumes for their industrial tool. This fact explains sunflower price’s increase,reducing millers’ margins while oil market is in backwardation.

Too weak prices and concern to store volumesin case of a possible devaluation, are the main factors to justify sales delaysfrom planters.

 

Have a good day

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