Today :

 

PRICE ARE NOW FOR 2015 HARVEST

Euro /dollar: 1.0714

CRB index: 184.1115 points

Crude oil: 41.94 $/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:  + 1 cent
Soybean:  - 3 cents

European Market

Good performance of markets yesterday due to better than expected figures of US and European exports. Eurodollar was in small evolution around 1.07.

Tunisia bought 125 000 t of milling wheat yesterday around 204 $/t CIF, 92 000 t of durum wheat around 298 $/t CIF and 50 000 t of feed barley around 191 $/t CIF. Origins are optional. Israel purchased as well 80 000 t of corn and 30 000 t of feed wheat, optional origin also.

Brussels delivered export certificates on wheat for 635 725 t including 162 908 t for France. It takes the total from the beginning of the season to 7.170 Mt vs 11.5 Mt last year to date. On barley, export certificates were reaching 125 783 t for a total of 4.482 Mt since start of the season vs 3.6 Mt one year ago. For corn, imports certificates were displayed at 314 398 t taking the season’s total to 3.897 Mt vs 2.8 Mt last year.

IGC revised down its world output estimate of corn to 967 Mt vs 970 Mt shown last month. For wheat, the institute left its estimation unchanged to 726 Mt. We can note as well a perspective of acreage of 221.8 M ha down of 1% from last year.

Rapeseed prices were in little change split between a stretched European balance sheet and global ample supplies. 

 

 

 

Wheat, harvest 2015, quotes at 170 €/t  on a July basis for a quality 76/220/11, delivery Rouen.

Chicago wheat trades to an equivalent of  168.70 €/t  for December 2015 delivery.

Durum wheat, harvest 2015, trades between 280€/t nominal delivered Port La Nouvelle.

Rapeseed, harvest 2015, quotes at 380 €/t nominal FOB Moselle, November 2015 delivery.

Feed barley, harvest 2015, quotes at 158 €/t  July basis for standard quality, delivery Rouen.

Malting barley, Sebastian variety, harvest 2015, quotes at 180 €/t July basis, FOB Creil.

Sunflower, harvest 2015, quotes at 410 €/t nominal, October delivery, equivalent Saint-Nazaire.

Corn, 2014 harvest, trades at 162 €/t on a July 2015 basis, FOB Bordeaux

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

 

 

American Market

 

Yesterday US weekly export numbers were displayed over expectations supporting the market.On wheat, weekly export were displayed at 721 900 t against expectations between 200 000 t and 400 000 t. Unchanged situation for corn and soybean with 779 800 t and 1.798 Mt respectively.

Funds were net buyers of 2 000 lots of soybean and 5 000 lots of wheatand wereneutral for corn.

It should be taken into account thepresence of beneficial rains in the main wheat productive areas.

Prices provided below are now for the 2015 harvest.

 

Corn December 2015, closed at 3.6425 $/bushel, + 2.50 cents from previous day.

Wheat December 2015, closed at 4.9075 $/bushel, + 7.50 cents from previous day.

Soybean November 2015 closed at 8.60 $/bushel  + 2.25 cents from previous day.

Soy meal December 2015, closed at 286.70 $/t, + 1.00 $/t from previous day.

Soy oil December 2015, closed at 27.84 cents/lb, + 0.11 cents from previous day.

 

Black Sea market

 

 

 

 

 

Corn harvest in Ukraine is nearly completed with recent results better than previous average. Yesterday, Authorities estimated92% achieved implying 21 Mt collected. So final result could reach 23 Mt gross weight and 22 Mt after drying and cleaning. On the Ukrainian market, prices are showing a good resistance versus CBOT’s pressure.

Actually, compared to CBOT front contract, The CPT displays 10$ more implying the basis level expected since the beginning of the campaign. Despite of trader’s offers, growers are still reluctant to contract for January and February delivery. This  level of 10$ basis  was already observed in 2013/14 so it might be stable in the future as a result of high European demand.

Have a good day

AGRITEL

	Pour toute information, contactez-nous au 01 53 05 96 70 ou contact@agritel.fr
	Feel free to contact us at +33 1 53 05 96 70 or contact@agritel.fr
	Для получения более детальной информации звоните по телефону +38 044 278 60 65 или пишите на agritelint@agritel.com
	Para cualquier información sobre las actividades de Agritel, contacte con nosotros en el +33 1 83 64 23 61 o por email: contact@agritel.com
	如需了解更多信息，请随时联系我们。 电话：+33 1 53 05 96 70 电子邮箱：contact@agritel.com
	Per ulteriori informazioni, contattateci al +33 1 53 05 96 70 o contact@agritel.com

 

 

Agritel is a society dealing with price risk management for agricultural commodities.
www.agritel.fr
Copyright