European Market
The markets have retreated yesterday following beneficial rains in recent days. Note that the decline was yesterday more about the futures
market than on the physical transactions the latter being smaller and less volatile.
The CNGOIC (China National Grain and Oil Information Center) estimate the 2010 crop Chinese compared to 2009 as follows:
- Corn : 168,- against 164,-
- Wheat : 115,- unchanged
- Rapeseed 12.6 against 13.6
These figures are always questionable and our analysts believe for example that the 2009 harvest of corn has been widely overestimated.
In the agricultural commodities, only the rapeseed always displays good fundamentals wirh import requirements at European level thay
can not be fully met bu Ukraine in view of fros damage observed in this country this year and estimated at around 30% of surfaces.
The markets will now focus on the qualitative aspects of the coming harvest and with an eye always on the economic environment.
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 138.20 €/T on the 2010 September delivery.
The durum wheat is quoted at 175,- €/T delivered Port La Nouvelle.
Rapeseed on the cash markets displays only nominal for the current harvest. In the new harvest, rapeseed quotes at
309.50 €/t for August 2010.
For feeding barley, the Rouen delivery traded at 104-105,- €/t on a July basis on the 2010 harvest.
On the 2010 harvest, the Sebastian quotes at 138-140,- €/t for january/june 2011.
For the 2010 sunflower harvest, the market traded at 303,- €/T for a Saint-Nazaire delivery in October.
Corn 2010 harvest traded at 142,- €/T on a July FOB Bordeaux basis for a October/November 2010 delivery.
The feeding peas market is none existing for a FOB Creil basis.
American Market
Markets remained under pressure on Chicago in a context of heavy fundamentals and a current climate very favorable. In addition,
the operators are closing some positions before the USDA report tomorrow.
The crop ratings (crop conditions) appears very satisfactory at present.
Corn, for a September 2010 delivery, closed at 3.46 USD/bushel i.e. +1.00 cents VS previous day.
Wheat, for a September 2010 delivery, closed at 4.49 USD/bushel -0.25 cents VS previous day.
Soybeans, for a November 2010 term, closed at 8.9425 USD/bushel, -5.75 cents from previous day.
Soy meal, for a September May 2010 term, closed at 259.10 USD/T, -3.90 usd/t from previous day.
Soy oil, for a December 2010 term, closed at 37.77 cents/lb, +0.20 cents VS previous day.
German Market
Wholesale prices - all prices in EURO / 1.000 kg.
( except fobbing costs )
Date : 08.June.2010
1 € = 1,1929 US $
Germany - Wheat :
- B Class 230 / 12,0 % - cif Hamburg : June 145,- / September 141,-
- B Class 230 / 11,5 % - cif Hamburg : 142,50
- B Class 230 / 12,0 % - cif Rostock : 144,-
- A Class 250 / 13,0 % - cif Hamburg : 148,50
- A Class 250 / 13,0 % - cif Rostock : 147,50
- E Class 275 / 14,0 % - cif Hamburg : 156,-
- E Class 275 / 14,0 % - cif Rostock : 155,-
- Fodder Wheat - cif Hamburg : 140,-
Germany - Feed :
- Barley 62/63 kg/hl / 14,5 % - cif Hamburg : June 114,- / September 111,-
- Bread Rye - cif Hamburg : 126,-
- Bread Rye - cif Rostock : 118,-
- Fodder Rye - cif Hamburg : 118,-
- Triticale 72/73 kg/hl - cif Hamburg : 135,-
- Oats 54/55 kg/hl - cif Hamburg : 127,-
- Oats Scandinavian origin 58 kg/hl - cif Hamburg : 136,-
- German Corn - cif Hamburg : 175,-
Germany - Oil Seed :
- Rapeseed 9.2,40 - cif Hamburg : June 335,- / ex harvest 306,-
- Rapeseed 9.2,40 - cif Rostock : June 333,- / ex harvest 304,-
- Rapeseed 9.2,40 - cif Kiel : June 332,- / ex harvest 303,-
Black Sea market
The current temperatures are hot in Ukraine but do not yet pose significant problems because of recent rains. If this were to continue,
some yield loss may appear on some parcels which are most sensitive to physiological scalding.
Russian wheat traded at $178,- /t FOB Novorossiysk, unchanged from last day.
Corn traded at $180,- /t FOB Odessa, unchanged from last day.
Sunseed traded at $335,- /t Ex Work, unchanged from last day.
10.06.2010, 4245 просмотров.
