Today :

 

PRICE ARE NOW FOR 2015 HARVEST

Euro /dollar: 1.086

CRB index: 183.242 points

Crude oil: 39.52 $/barrel

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

Paris: Preopening

Wheat:  unchanged
Corn:  unchanged
Rapeseed: -1 €

Chicago: Preopening

Wheat:  + 4 cents
Corn:   - 2 cents
Soybean:  - 1  cents

European Market

Statcan’s report of Friday has been a blow for markets with upward revision of wheat and canola’s production for Canada. On wheat, Canadian’s output is displayed at 27.59 Mt vs 29.42 Mt last year, but 26.7 Mt expected. For canola, the estimation has been revised up to 17.23 Mt vs 16.41 Mt last year and far beyond traders’ expectations of 15.6 Mt.

The sharp rebound of the euro, following markets disappointment after ECB’s meeting, was penalizing European origins as well.

Concerning climatic conditions, current mild temperatures are raising questions with agronomists. At all events, FranceAgrimer maintains its crop rating at 98% “good to excellent” for winter’s wheat and at 97% for barley.

On the international stage, USA sold 178 000 t of soybean to China.

First sowing estimates 2015-16 shown by Agricultural Minister has been displayed as follow:

-soft wheat, 5.22 M ha, +1.16% from last year

-durum wheat, 354 000 ha, +11.6% from last year

-barley, 1.32 M ha, +1.5% from last year

-rapeseed, 1.46 M ha, -1.46 M ha, - 1.7% from last year.

Rapeseed prices were in decline on Friday, as a consequence of Statcan’s report.

 

 

 

Wheat, harvest 2015, quotes at 167 €/t  on a July basis for a quality 76/220/11, delivery Rouen.

Chicago wheat trades to an equivalent of  163.30 €/t  for December 2015 delivery.

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

Rapeseed, harvest 2015, quotes at 385 €/t nominal FOB Moselle, November 2015 delivery.

Feed barley, harvest 2015, quotes at 157 €/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

American markets benefited from dollar’s decline of Friday and funds short covering before USDA’s report of next Wednesday.

We will notice also a good soybean demand on the physical market to Chinese destination. This fact will allow to soybean’s grain and oil to show good performance over last week, while soy meal declined.

Friday funds were net buyers of 7 000 lots of corn, 7 000 lots of soybean and 3 000 lots of wheat.

Prices provided below are now for the 2015 harvest.

 

Corn December 2015, closed at 3.8150 $/bushel, + 4.50  cents from previous day.

Wheat December 2015, closed at 4.8450 $/bushel, + 5.75 cents from previous day.

Soybean November 2015 closed at 9.08 $/bushel  + 7.75 cents from previous day.

Soy meal December 2015, closed at 286.90 $/t, -2.50 $/t from previous day.

Soy oil December 2015, closed at 32.26 cents/lb, +1.16 cents from previous day.

 

 

Black Sea market

Black Sea’s barley is running out progressively with no shipments,for the first time since the beginning of the campaign, from Ukraine and Russia. Overall, shipment activity is currentlyl weak with 109 000 t and 322 000 t of wheat respectively shipped by Ukraine and Russia.

We  cannotice that Russia was still exporting wheat to Turkey these last few days from Azov Sea’s harbors.There were also corn shipment of 212 000 t from Ukraine and 45 000 tfrom Russia. Even if the volumes are low, the variety of destinations shows the range of interest for this product.

American market

 

Have a good day

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