Pre-opening 03/01/2025
Paris Chicago
Wheat+1 €/t+ 1 cent
Corn+1 €/tunch
Rapeseed+1 €/t
Soybean+ 3 cents
Indexes 03/01/2025
€/$1,0299 $
Oil WTI73,96 $/b

Wheat (€/t)
Mars 25233,00-6,25
Mai 25236,75-5,50
Sept. 25227,50-3,75
Déc. 25232,75-3,50
Mars 26237,00-3,25
Corn (€/t)
Mars 25210,00-2,75
Juin 25217,50-2,00
Août 25221,50-2,50
Nov. 25214,50-2,50
Mars 26207,75-2,75
Rapeseed (€/t)
Févr. 25510,25-14,00
Mai 25510,00-10,75
Août 25470,50-5,00
Nov. 25470,00-4,25
Févr. 26468,00-2,50

03/01/2025

Wheat (€/t) : 725 lots
LotsTypeStrike
1Call Mars 25230,00
10Call Mai 25260,00
5Call Sept. 25250,00
2Call Sept. 25270,00
37Call Mars 26260,00
100Put Mars 25200,00
50Put Mars 25229,00
10Put Mai 25220,00
500Put Mai 25230,00
10Put Mai 25240,00
Corn (€/t) : 1 lots
LotsTypeStrike
1Call Août 25225,00
Rapeseed (€/t) : 131 lots
LotsTypeStrike
50Call Févr. 25480,00
1Call Mai 25550,00
50Put Févr. 25510,00
30Put Févr. 25520,00

Wheat (¢/b)
Mars 25529,2500-17,2500
Mai 25541,0000-17,0000
Juil. 25549,2500-15,5000
Sept. 25563,2500-14,0000
Déc. 25581,7500-13,5000
Corn (¢/b)
Mars 25450,7500-8,5000
Mai 25458,2500-8,7500
Juil. 25461,2500-8,7500
Sept. 25438,2500-6,7500
Déc. 25440,7500-5,2500
Soybean (¢/b)
Janv. 25981,0000-19,0000
Mars 25991,7500-20,2500
Mai 251003,7500-21,2500
Juil. 251016,5000-21,5000
Août 251015,5000-21,0000
Soy meal ($/st)
Janv. 25299,9000-11,0000
Mars 25308,6000-11,9000
Mai 25315,4000-11,7000
Juil. 25321,1000-11,0000
Août 25322,0000-10,3000
Soy oil (¢/lb)
Janv. 2539,4000-0,3200
Mars 2539,9300-0,3600
Mai 2540,3300-0,2900
Juil. 2540,6000-0,2800
Août 2540,5400-0,2300

03/01/2025

Physical (€/t)
You can now find the prices for the Wheat delivered Rouen - (July basis) in the Argus AgriMarkets report
FIND OUT MORE HERE >>
Durum wheat delivered La Pallice Spot - July 2024 basis305,00+0,00
Corn delivered Bordeaux Spot - July 2024 basis211,00+3,00
Corn FOB Rhin Spot - July 2024 basis221,00+3,00
Feed barley delivered Rouen - July 2024 basis210,00+1,00
Malting barley FOB Creil Spot - July 2024 basis240,00+0,00
Rapessed FOB Moselle Spot - Flat - 2024 harvest527,00+13,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest620,00+0,00
Feed peas FOB Creil Spot - August 2024 basis310,00+5,00

Events

Analysis 03/01/2025

European market

While the truce for confectioners continues on the physical market, the year 2025 is starting on a firm note for all products listed on the Euronext futures market.

Among the various support elements at the moment, we should note the bearish acceleration of the euro/dollar which stands at 1.0270 after having gone for 1.0225 during the session yesterday. We have to go back more than 2 years, to November 2022, to find such weakness on the European currency.

Manufacturing activity deteriorated again in the euro area in December, arguing for the ECB to continue its accommodative monetary policy in 2025. This is all the more so as the European economy is under threat from the potential tariffs that will be introduced by the Trump administration in 2025 in the United States. At the same time, the US economy continues to outperform its peers and the prospect of sharp US rate cuts by the Fed is receding.

Crude oil il is not to be outdone and is back above $73/barrel in New York, a 2-month high. The black gold reacts, among other things, to the Chinese president's New Year's speech. Xi Jinping has announced that China will implement more proactive policies to support its growth in 2025.

With the double support of a falling euro and rising crude oil, rapeseed posted the strongest gain on January 2 on Euronext. The February 2025 maturity gained +€13/t at the close and thus erased the losses of the previous 2 sessions.

Wheat on Euronext is close to €240/t in March 2025 and is thus back to the highest in 6 and a half months. The prospect of a reduction in Russian exports in the coming months and uncertainties over Russian wheat production in 2025 are highlighted. Corn is following wheat in its bullish momentum.

American market

The continued bullish surge in the dollar weighed on prices in Chicago. Wheat thus began the year on a downward trend in search of more export competitiveness.

The good rains that have fallen in recent days in the Cordoba region of Argentina remained too localized to really ease prices yesterday in Chicago. And this while the forecast of very hot and very dry weather persists at 10 days over the country's major production regions.

Corn and soybeans closed the first session of 2025 with a slight increase despite the downward impact of the dollar's strength on commodities.

Funds were sold yesterday in wheat and soybeans in Chicago while they remained neutral on corn.