Pre-opening 15/01/2025
Paris Chicago
Wheatunch to -1 €/t-2 cents
Corn+1 €/t+2 cents
Rapeseed+1 €/t
Soybean+2 cents
Indexes 14/01/2025
€/$1,0245 $
Oil WTI77,50 $/b

Wheat (€/t)
Mars 25231,25-2,75
Mai 25236,50-2,25
Sept. 25228,75-1,50
Déc. 25233,50-2,00
Mars 26237,75-1,50
Corn (€/t)
Mars 25215,75-0,50
Juin 25221,50-0,50
Août 25225,75-0,50
Nov. 25218,00-2,00
Mars 26213,50-0,50
Rapeseed (€/t)
Févr. 25537,25-4,00
Mai 25537,75-2,25
Août 25490,00-2,75
Nov. 25489,00-2,50
Févr. 26486,25-3,75

14/01/2025

Wheat (€/t) : 2230 lots
LotsTypeStrike
3Call Mai 25233,00
200Call Mai 25240,00
200Call Mai 25255,00
220Call Mai 25260,00
17Call Sept. 25250,00
1000Put Mars 25220,00
40Put Mars 25225,00
100Put Mars 25235,00
200Put Mai 25225,00
220Put Mai 25230,00
30Put Mai 25240,00
Corn (€/t) : 220 lots
LotsTypeStrike
100Call Juin 25250,00
120Put Juin 25205,00
Rapeseed (€/t) : 223 lots
LotsTypeStrike
6Call Mai 25500,00
32Call Mai 25600,00
20Call Mai 25630,00
1Call Août 25500,00
25Put Févr. 25520,00
7Put Févr. 25527,50
25Put Févr. 25535,00
7Put Févr. 25537,50
100Put Août 25450,00

Wheat (¢/b)
Mars 25546,2500-2,7500
Mai 25558,2500-2,7500
Juil. 25568,5000-2,5000
Sept. 25582,2500-3,2500
Déc. 25602,2500-3,5000
Corn (¢/b)
Mars 25474,5000+1,2500
Mai 25484,7500+0,5000
Juil. 25489,0000+0,2500
Sept. 25457,7500+0,0000
Déc. 25456,7500-0,5000
Soybean (¢/b)
Mars 251047,5000+1,2500
Mai 251061,2500+1,2500
Juil. 251072,5000+1,2500
Août 251067,5000+1,5000
Sept. 251048,0000+1,2500
Soy meal ($/st)
Mars 25305,8000+2,3000
Mai 25312,9000+2,3000
Juil. 25319,1000+2,2000
Août 25319,7000+2,3000
Sept. 25319,5000+2,3000
Soy oil (¢/lb)
Mars 2546,2200-0,3700
Mai 2546,6400-0,4500
Juil. 2546,8200-0,3600
Août 2546,5600-0,3600
Sept. 2546,2600-0,3500

15/01/2025

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 basis212,00-1,00
Corn FOB Rhin Spot - July 2024 basis221,00-1,00
Feed barley delivered Rouen - July 2024 basis202,00-3,00
Malting barley FOB Creil Spot - July 2024 basis240,00+0,00
Rapessed FOB Moselle Spot - Flat - 2024 harvest538,00-6,00
Oleic sunseed delivered St Nazaire Spot - Flat - 2024 harvest635,00-5,00
Feed peas FOB Creil Spot - August 2024 basis305,00-5,00

Events

Analysis 15/01/2025

European market

Macroeconomic considerations are currently fuelling price volatility. Thus, the rise of the euro/dollar to 1.03 from 1.02 the day before weighed on all products yesterday on Euronext. Geopolitical considerations will probably have to be added, especially in 5 days with the inauguration of Donald Trump as the 45th president of the United States. There is no doubt that some of the measures he intends to take during the very first hours of his mandate will shake up the agricultural markets.

The excitement linked to the latest USDA report digested, French wheat returns to its key problem of the last few months: managing to export to third countries. Even if competition is weakening, competition is still the order of the day and is squeezing wheat prices on Euronext.

Corn is holding up more out of sympathy with the recent rise of its counterpart in Chicago and with the cancellation of 7 Mt of 2024 US production by the USDA last Friday.

Rapeseed was penalised by the correction in palm oil, canola and crude oil.

American market

The easing of the dollar index benefited yesterday's prices on Chicago, motivating the presence of funds in buying on all products. For 4 consecutive sessions, funds have been buying wheat, corn and soybeans in Chicago, providing support to prices by absorbing the selling pressure of American farmers.

Wheat closed slightly higher in a context that is nevertheless fierce on the export scene where wheat from the southern hemisphere is now very present.

Corn and soybeans are down slightly while waiting for new elements and especially after their strong increase since last weekend. Traders are now eagerly waiting to see if the beneficial rains will fall as expected next weekend in central Argentina, which has been plagued by a violent heatwave to date.

In Brazil, Conab yesterday lowered its forecast for the 2024/2025 maize harvest to 119.55 Mt from 119.63 Mt previously.  Brazil's soybean harvest is expected at 166.32 Mt compared to 166.21 Mt last month.

The USDA announced yesterday the sale of 198,000 t of US soybeans to China.