Today :

 

PRICE ARE NOW FOR 2015 HARVEST

 

Euro /dollar: 1.0927

CRB index: 175.2168 points

Crude oil: 37.85 $/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:   unchanged
Corn:   unchanged
Soybean:   + 1 cents

European Market

   

Consequence of cancellation of export duties, Argentina made its comeback on international stage with the sale of 120 000 t of wheat to Egypt. Argentinian wheat was displayed at 190.94 USD/t CIF in average. Best French offer was 5.84 USD/t above. We can note the non-competitiveness of Russian offer, too expensive by 10.72 USD for the best offer. Then, Argentina will be an important competitor on international scene.

 

Syria, on its side bought 200 000 t of Russian wheat origin. Brussels granted 648 000 t of wheat export certificates this week, taking the total to 12.05 Mt from the start of the season vs 14.36 Mt last year to date.

Euronext has announced the extension of its wheat n°2 contract (the one currently used) with new maturities for 2018’s harvest from the 29^th of December. Facing the lack of interest for n°3’s contract, Euronext has decided to extend the “classical” contract.

Corn January’s contract, a few days from expiry (5^th of January), fell down sharply.

On rapeseed, prices are in small evolution.  Market has now found support from crude oil and palm oil.

 

 

 

Wheat, harvest 2015, quotes at 160 €/t  on a July basis for a quality 76/220/11, delivery Rouen.

Chicago wheat trades to an equivalent of  158.60€/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 155/t on a July 2015 basis, FOB Bordeaux, front contract

Sunflower, harvest 2015, quotes at 400 €/t nominal, October delivery, equivalent Saint-Nazaire.

 

 

 

 

American Market

 

Yesterday, narrow markets in Chicago ahead of Christmas. All products’ prices decreased in a context of South American competitiveness.  

Forecast for snow in US wheat growing areas, including main wheat productive areas, as a benefit element for crop development and against frost damage.

Funds were net sellers of 2 000 lots of corn, 2 000 of wheat and also for soybean with 5 000 lots.

US markets will be open for half day today.

Prices provided below are now for the 2015 harvest.

 

Corn December 2015, closed at 3.6550 $/bushel, - 0.75 cents from previous day.

Wheat December 2015, closed at 4.6950 $/bushel, - 4.75 cents from previous day.

Soybean November 2015 closed at 8.8075 $/bushel  - 2.25  from previous day.

Soy meal December 2015, closed at 274.20 $/t, - 4.40 $/t from previous day.

Soy oil December 2015, closed at 30.76 cents/lb, - 0.07 cents from previous day.

 

 

Black Sea market

 

In Ukraine, despite a good pace of shipments, no particular tension is observed in the market during several weeks. Along last years, some short periods of competition between traders, for being supplied, brought a temporary price support. This context explains the increase of forward contract implying exporters being secure and less dependent on the spot market.

If this fact increases because producers want to secure their price and margins, spot market will offer fewer opportunities. This fact impact mainly corn.

 

Have a good day

5th of January 2016... New AGRITEL website !!

	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