Today :

 

PRICE ARE NOW FOR 2015 HARVEST

Euro /dollar: 1.0633

CRB index: 183.4305 points

Crude oil: 41.97 $/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€/t

Chicago: Preopening

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

European Market

Week has started in a gloomy environment for raw materials. Indeed, persistent fears about Chinese slowdown and strength of the dollar vs all other currencies, in a context of anticipation of higher US rates, pushed down the global commodities (CRB) index to its lowest level since 2002 at 182 points.

Oil managed to rebound above psychological level of 40 $ in NY, after Saudi Arabia announced intentions to cooperate with countries outside the OPEP for a stabilization of the market. After this announcement, markets will now focus on 4^th of December’s meeting while oil availabilities are huge.

European cereals was again taking profit of the weakness of the euro. This advantage, increased by low conditions of sea fret, is especially improving competitiveness of French wheat’s prices even to unusual and faraway destinations. The likelihood of shipment to Indonesia is boosting subdued physical prices in port area.

Market of sluggish feed barley,with the slowdown of Chinese demand, is finding new outlets with two tenders from Algeria for 75 000 t and Jordan 100 000 t.

For rapeseed, market is struggling due to potential upward revision of Canadian canola and bearish pressure from soybean after liberal victory at Argentinian elections.

 

 

 

Wheat, harvest 2015, quotes at 172 €/t  on a July basis for a quality 76/220/11, delivery Rouen.

Chicago wheat trades to an equivalent of  171.08 €/t  for December 2015 delivery.

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

Rapeseed, harvest 2015, quotes at 378 €/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 funds were little short during a Chicago market week which will be shorten due to Thanksgiving day off. Funds were net buyers of 8 000 lots of corn and 7 000 lots of wheat implying a technical rebound on this two commodities that nowadays are considered as the lowest historical levels. The latest crop state publishes by USDA improved in +1 so 53% considered as good to excellent. This fact should break the Chicago rebound.

Funds were net buyers of 5 000 lots of soybeans. This fact allows this commodity to rebound during this season. After Argentinean presidential elections and the victory of Mauricio Macri, soybean grain prices had been pushed down at the lowest level since mars 2009 and also the lowest level for soybean meal since December 2011. The fact of the possible liberation of Argentinean soybean stocks due to the election promises and the effect on monetary sector its now under supervision.

Prices provided below are now for the 2015 harvest.

 

Corn December 2015, closed at 3.6900 $/bushel, + 4.00 cents from previous day.

Wheat December 2015, closed at 4.9500 $/bushel, + 6.50 cents from previous day.

Soybean November 2015 closed at 8.6350 $/bushel  + 6.75 cents from previous day.

Soy meal December 2015, closed at 285.9 $/t, + 2.9 $/t from previous day.

Soy oil December 2015, closed at 28.21 cents/lb, + 0.01 cents from previous day.

 

Black Sea market

 

 

 

 

 

At the end of last week, The authorities signed an agreement with the exporters to fix their export supply volumes along this campaign 2015/16. The Ministry keep their export objective at 36 Mt of cereals.  From its date of signature, the 19th November, Ukraine had already export 15.6 Mt, 8.4 Mt of them of wheat (5 Mt of milling wheat) , 3.5 of barley and 3.7 of corn.

Under the memorandum, had been fixed that milling wheat exports trought the 4th trimester of 2015 will no overpass 1.5 Mt, at it will happened the 3th first’s month of 2016. Alog the 2nd trimester of 2016, milling wheat limit’s at 1.4 Mt. This context should allow the ministry to adjust the figures in case of winter-killing.

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