European Market
Market very active on Euronext options yesterday with more than 17,000 options traded yesterday. The grain market sharp decline
of earlier this week related to climatic conditions have improved with recent rains. The latter are displayed in a very heterogeneous
and overall we expect to date anticipated yields down 5 to 7% compared to last year on average.
Egypt yesterday bought 180,000 MT of wheat including 120,000 T of Russian origin and 60 000 T of French origin. The French
wheat has been concluded on the basis of 171.77 USD / t FOB plus 32.55 USD / t for cargo.
Note yesterday a surge in soybean prices on Chicago with tight stocks on the U.S. market while the South American harvest
pression is not so important with farmers witholding their soybeans. This supports somewhat the rape especially since the weather
in Canada is also disrupting the canola planting.
Brussels yesterday awarded licenses to export for 298,000 tons of wheat, bringing the total granted since the beginning of the year
to 16.4 million tonnes against 20.03 last year at this time. The latest intervention increased by 112,252 T in barley bringing the total
available to the intervention since the beginning of the year at 5.5 million tonnes.
In wheat, harvest 2010, traded at 132 € / T in July basis for a standard delivery in harvest time.
In Chicago, the wheat in Euros, traded at 137.50 €/T on the 2010 September delivery.
The durum wheat is quoted at 181 €/T delivered Port La Nouvelle.
Rapeseed on the cash markets displays only nominal for the current harvest. In the new harvest, rapeseed quotes at 308.00 €/t
for August 2010.
For feeding barley, the Rouen delivery traded at 103 €/t on a July basis on the 2010 harvest.
On the 2010 harvest, the Sebastian quotes at 142 €/t for january/june 2011.
For the 2009 sunflower harvest, the market traded at 302/305 €/T for a Saint-Nazaire delivery in July/August.
Corn 2009 harvest traded at 140 €/T on a July FOB Bordeaux basis for a May 2010 delivery.
The feeding peas market quotes at 158 €/T for a FOB Creil basis.
American Market
Firmness on soybean prices in Chicago yesterday to limit the grain decline. despite the weather being very favorable but operators
price a real risk of the Nina effect this summer with the result of very dry conditions.
Corn, for a September 2010 delivery, closed at 3.5950 USD/bushel i.e. +0.75 cents VS previous day.
Wheat, for a September 2010 delivery, closed at 4.5925 USD/bushel -1.00 cents VS previous day.
Soybeans, for a November 2010 term, closed at 9.2575 USD/bushel, +16.75 cents from previous day.
Soy meal, for a September May 2010 term, closed at 268.60 USD/T, +9.10 usd/t from previous day.
Soy oil, for a December 2010 term, closed at 38.11 cents/lb, +0.24 cents VS previous day.
Black Sea market
After the recent rains last week, summer moved in Ukraine, with a gradual rise in temperatures to 30 degrees next week.
A return of rainfall is expected in the second half of June but remains uncertain.
Russian wheat traded at $ 178 /t FOB Novorossiysk, unchanged from last day.
Corn traded at $ 180 /t FOB Odessa, -4 $/t from last day.
Sunseed traded at $ 341 /t Ex Work, unchanged from last day.
07.06.2010, 5044 просмотра.
