|
|
EUROPEAN MARKET & AMERICAIN MARKET - AGRITEL – 03.06.2009
The commodities increased a lot yesterday in Chicago, driven by funds buying. The prices were fueled by the weakness of the USD, the strenght of crude oil and the positive evolution of the financial markets. Sectorial investments from funds were underpinning the commodities in a context of a possible economical bounce-back.
Speaking about the fundamentals, there is a lack new factor. Indeed, corn plantings were realized at 93% in the USA VS 94% last year and an average of 97% over the last 5 years. The weather forecats are pointing out heavy rains in Illinois for the coming 36 hours. Several operators are estimating a possible switch from corn to soybeans at 1 million acres.
In soybean, the market remains very tight and and export datas concerning Brazil are very high, reaching a level of 4.68 MT for May, a new record after April (4.49 MT).
The wheat, harvest 2009, closed the day higher at 157.00 €/T for a delivery during the harvest, on a july basis, in Rouen.
In Chicago, the wheat, priced in euro, increased significantly to 181.00 €/T on a september 2009 term.
Rapeseed on the spot market was almost flat at a level of 321 €/T on FOB Moselle, August 2009 delivery.
For the feeding barley, the quote for a Rouen delivery increased to 127 €/T on a july basis for delivery during the harvest.
Malting barley: harvest 2009, the Sébastian, was priced 158 €/T for a delivery starting in january 2010 and the Esterel at a 148 €/T nominal level.
For the sunflower, harvest 2008, the market went up to 315 €/T for a Saint-Nazaire delivery in June/July.
Corn, harvest 2008, was flat at 154 €/T in FOB Bordeaux for an may/june 2009 delivery.
The feeding peas' market is still very narrow on a 175 €/T level for a FOB Creil basis.
AMERICAIN MARKET
Strong increase on the CBOT yesterday, especially for wheat & soybeans, driven by funds buying.
Corn, on a september 2009 deadline, closed higher friday at 4.5575 USD/bushel, ie +9.50 cents VS previous day.
Wheat, for a september 2009 term, closed at 7.01 USD/bushel ie +37.25 cents VS previous day.
Soybeans, for a september 2009 term, closed at 11.21 USD/bushel, ie +24.50 cents VS previous day.
Soymeal, for a september 2009 term, closed at 354.90 USD/T, ie +4.40 USD/T
VS previous day
Soy oil, for a september 2009 term, closed at 40.78 cents/lb, ie +1.40 cent VS previous day.
More analytics »
|
03.02.2012
Concentration of plant protection agents market is growing
More »
01.02.2012
Ukraine earns about 16 bln USD on the export of potato chips
More »
31.01.2012
Increase of normative money estimation and expenses for resowing of winter crops can stop agribusiness development
More »
23.02.2012
Workshop: “Accessing the EU Biofuels Market: How to Meet the EU Sustainability Criteria for Biomass”
More »
16.02.2012
III. International conference "Commercial Horticulture in Ukraine",
More »
07.02.2012
III. Dutch-Ukrainian Agribusiness Forum: Potato Production in Ukraine: Growing, harvesting, storage and handling
More »
|
|
ENG
