Today :

 

PRICE ARE NOW FOR 2015 HARVEST

Euro /dollar: 1.061

CRB index: 185.7001 points

Crude oil: 42.5 $/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 to -1 €

Chicago: Preopening

Wheat: closed
Corn:  closed
Soybean:  closed

European Market

Small evolution of cereal markets yesterday due to Thanksgiving.

Brussels granted 522 876 t of wheat export certificates taking the total since the start of the season to 8.7 Mt vs 12 Mt last year to date. On its side, France got 138 397 t for a total of 2.8 Mt since the beginning of the campaign. For barley, licenses reached 97 000 t taking the total to 4.6 Mt from the start. For corn, 526 697 t of imports licenses have been granted for a cumulative amount of 4.4 Mt.

We can note a feed barley’s purchase from Algeria of 75 000 t, optional origin.

In China, large stock of corn is pushing the government to think about lowering purchase prices on local market. They could drop to 1 800 yuan (280 $) and despite of it should still stay well above world prices.

Rapeseed prices were sharply rising yesterday after the breach of a resistance’s level at 382 €/t. The market reacted as well to the rebound of palm prices supported by a possible decrease of production due to El Nino’s effect.

 

 

 

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  166.30 €/t  for December 2015 delivery.

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

Rapeseed, harvest 2015, quotes at 388 €/t nominal FOB Moselle, November 2015 delivery.

Feed barley, harvest 2015, quotes at 162 €/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 415 €/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

Markets were closed yesterday. No OTC last night. Chicago will be opened half session today.

Prices provided below are now for the 2015 harvest.

 

Corn December 2015, closed at 3.66 $/bushel, + 1.75  cents from previous day.

Wheat December 2015, closed at 4.7925 $/bushel, - 5.00 cents from previous day.

Soybean November 2015 closed at 8.7525 $/bushel  + 11.50 cents from previous day.

Soy meal December 2015, closed at 285.50 $/t, + 1.60 $/t from previous day.

Soy oil December 2015, closed at 29.21 cents/lb, + 0.62 cents from previous day.

 

 

Black Sea market

Geopolitical tensions between Russia and Turkey are still a matter of debate. The last fact was the 39 Turkish’s business men arrested and deported after their participation at the agriculturalshow of Krasnodar, in Kuban, for a Russian’s visa regime violation. When we analyze this two countries’ agriculturalrelations, we notice that Ankara wasa priority target for the Russian’s grains exports with, from the beginning of the year,a volume of 3.5 Mt registered so far to this destination, amounting to 12% of total shipments.

In terms of money value, wheat was representing 50% of the total and sunflower oil 20%.

Officially, the commercial relations between the two countries have not been damaged so far, but Moscow’s behavior has recently evolved. Thus, in case of majordeterioration, the Russian Ministerof Agriculture, Mr. Alexander Tkachev, has evoked yesterday the possibility to redirect some volumes to North Africa and Middle East’s customers.

Have a good day

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