Matif / Euronext-LiffeSettlement price 21/12/2015 | |||
|---|---|---|---|
Milling Wheat - €/t | |||
| March 2016 | 174.75 | -1.50 |  |
| May 2016 | 180.00 | -1.25 | |
| September 2016 | 184.25 | -1.00 | |
| December 2016 | 187.00 | -1.25 | |
| March 2017 | 189.00 | -1.00 | |
| May 2017 | 190.25 | -0.75 | |
| September 2017 | 189.50 | -0.50 | |
| December 2017 | 190.00 | +0.50 | |
Rapeseed - €/t | |||
| February 2016 | 375.50 | +2.00 | |
| May 2016 | 375.00 | +2.00 | |
| August 2016 | 365.00 | +1.25 | |
| November 2016 | 367.50 | +1.50 | |
| February 2017 | 369.00 | +0.00 | |
| May 2017 | 370.75 | +2.50 | |
| August 2017 | 356.25 | +3.75 | |
| November 2017 | 357.25 | +2.25 | |
| February 2018 | 357.25 | +2.25 | |
| May 2018 | 357.25 | +2.25 | |
Corn - €/t | |||
| January 2016 | 159.00 | -0.50 | |
| March 2016 | 167.75 | -0.25 | |
| June 2016 | 173.50 | -0.50 | |
| August 2016 | 177.75 | +0.25 | |
| November 2016 | 174.25 | +0.00 | |
| January 2017 | 175.75 | -1.00 | |
| March 2017 | 180.25 | +1.25 | |
| June 2017 | 180.25 | -0.50 | |
| August 2017 | 175.25 | -4.50 | |
| November 2017 | 177.25 | -0.50 | |
Malting barley - €/t | |||
Options traded 21 December 2015
Milling Wheat : 45 contracts
- 14 Calls May 2016 strike 182.00 price: 6.60 and 6.90 €/t
- 20 Calls Dec 2016 strike 188.00 price: 12.40 €/t
10 Puts Mar 2016 strike 177.00 price: 5.30 €/t- 1 Put Mar 2016 strike 180.00 price: 7.10 €/t
Rapeseed : 3720 contracts
- 1500 Calls May 2016 strike 380.00 price: 8.60 and 8.80 €/t
- 250 Calls May 2016 strike 390.00 price: 5.20 €/t
- 1500 Calls May 2016 strike 415.00 price: 2.20 and 2.40 €/t
220 Puts Feb 2016 strike 370.00 price: 3.00 and 3.80 €/t- 250 Puts May 2016 strike 345.00 price: 1.30 and 1.40 €/t
Corn : 0 contract
Malting barley : 0 contract
Market Recap
Newsletter Tuesday 22 December 2015
Today :
PRICE ARE NOW FOR 2015 HARVEST
Euro /dollar: 1.0916
CRB index: 172.4232 points
Crude oil: 36.07 $/barrel
5th of January 2016... New AGRITEL website !!
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: + 1 cents
Corn: unchanged
Soybean: + 1 cents
European Market
Slow activity on markets due to main collector closure during Christmas. In this context, volatility should raise on financial market.Unusual weather market with temperatures above 3 ºC or 4 ºC in Europe increase winter killing risks. If cold temperature is not forecast in Europe for the next few days, this is not the case in Black sea area. Without snow protection, crops could be downgrade by the frost.
Yesterday rapeseed prices were supported by canola rise, mainly as a reason of buyback positions. Moreover, important activity was observed on rapeseed options with 3720 contracts in Euronext.
In India, el Niño effect is affecting the main wheat productive areas so high quantity of wheat could be imported for the next campaign. In Indonesia, El Niño has also affected palm production.
On the international stage, the fall of the ruble cause automatically an increase of export taxes. This one is currently close to 4 € / t and it’s maintain is the current government’s subject of discussion.
Wheat, harvest 2015, quotes at 161 €/t on a July basis for a quality 76/220/11, delivery Rouen.
Chicago wheat trades to an equivalent of 161.90 €/t for December 2015 delivery.
Durum wheat, harvest 2015, trades between 265 €/t nominal delivered Port La Nouvelle.
Rapeseed, harvest 2015, quotes at 376 €/t nominal FOB Moselle, November 2015 delivery.
Feed barley, harvest 2015, quotes at 154 €/t July basis for standard quality, delivery Rouen.
Malting barley, Sebastian variety, harvest 2015, quotes at 181 €/t July basis, FOB Creil.
Corn, 2015 harvest, trades at 158 €/t on a July 2015 basis, FOB Bordeaux, front contract
Sunflower, harvest 2015, quotes at 400/405 €/t nominal, October delivery, equivalent Saint-Nazaire.
American Market
Yesterday, American market decline in a thin context due to the approaching of Christmas holidays. Fundamentals still heavy for all products and prices should have technical corrections before the end of the year. Also, weather market should be monitor in this season.
Funds were net sellers yesterday for 5 000 lots of corn, 1 000 lots of soybean and 3 000 lots of wheat.
Yesterday, weekly exports were higher than expected, that’s slightly supports the market.
Prices provided below are now for the 2015 harvest.
Corn December 2015, closed at 3.72 $/bushel, - 2.50 cents from previous day.
Wheat December 2015, closed at 4.79 $/bushel, - 7.75 cents from previous day.
Soybean November 2015 closed at 8.9150 $/bushel - 1.50 from previous day.
Soy meal December 2015, closed at 280.70 $/t, - 1.90 $/t from previous day.
Soy oil December 2015, closed at 31.03 cents/lb, + 0.24 cents from previous day.
Black Sea market
Crop had benefited of soft temperatures in Black Sea basin, winter temperatures should start to appear during next weeks. Indeed, from the next week, temperatures could approach – 15 ºC on the central region of Ukraine and central Russia.
As unusual, Ukrainian crops is not cover by snow as a difference of Russia. Nevertheless, producers and local operators are closely following this reversal of climate trend.
Have a good day
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