PRE-OPENING 30/11/2021 Paris Chicago Wheat - 2 to - 3 € - 7 cents Corn - 1 to - 2 € - 2 cents Rapeseed - 3 to - 5 € Soybean - 7 cents INDEXES 30/11/2021 €/$ 1.1363 $ Oil WTI 69.95 $/b QUOTATIONS Euronext Options CME Physical Wheat (€/t) Dec 21 279.50 -7.50 Mar 22 285.50 -12.00 May 22 284.00 -12.25 Sep 22 254.25 -8.75 Dec 22 254.50 -8.75 Corn (€/t) Jan 22 237.00 -10.00 Mar 22 238.00 -9.50 Jun 22 240.50 -8.25 Aug 22 243.00 -7.75 Nov 22 220.00 -4.25 Rapeseed (€/t) Feb 22 644.75 -16.75 May 22 618.75 -19.50 Aug 22 534.25 -21.25 Nov 22 530.00 -20.50 Feb 23 527.00 -20.75 AGRITERME REALTIME A.D.E OTHER PRODUCTS EVENTS Paris Grain Day 2022 27-28 Jan ANALYSIS 30/11/2021 Cereals European market The markets continued their decline yesterday, all products included, in the wake of last Friday's session, marked by the fears raised by the new Covid variant. It is difficult at this stage to know the real consequences on the world economy of this new strain that is shaking the markets. The downturn was accentuated from 2pm when Abares published its estimates for Australia. A record wheat production has been posted at 34.4 Mt, barley at 13.3 Mt, and canola at 5.7 Mt. These figures are above expectations and confirm that rains have been beneficial on volumes but the negative impact on quality is still difficult to assess at this stage. On the international scene, Egypt surprised the market by buying no less than 600,000 t of wheat, split between 240,000 t from Romania, 240,000 t from Russia and 120,000 t from Ukraine. The French origins were not competitive. Maize also lost ground in the wake of wheat and harvest pressure in Ukraine. Rapeseed prices fell sharply yesterday in the wake of vegetable oils, and amid fears of a drop in demand for biofuels due to the health situation. The same is true for palm oil in Kuala Lumpur, where prices are at their lowest for three weeks. The dollar is weaker this morning at 1.13 against the euro and 74.75 against the rouble. Oil is back down in New York this morning at 68.50 usd/barrel. American market Wheat prices fell sharply in Chicago following the Abares report on Australia, but also after the USDA posted a crop rating for winter wheat of 44% as good to excellent, unchanged from last week, but above traders' expectations. Soybeans also lost ground, despite a good crushing activity that is expected to be confirmed for the month of October. The figures will be posted on Wednesday. In Brazil, 91% of soybeans are reportedly planted as of November 26. This is ahead of the average for the period, reflecting good planting conditions. The US corn and soybean harvest is nearing completion, with an estimated 95% done by 21 November. Yesterday, funds were net sellers in 15,000 lots of corn, 8,000 lots of soybeans and 12,000 lots of wheat. Black Sea market In spite of falling prices on all markets, prices in Russia remain firm as a result of the increase in export taxes on wheat. The tax will be posted at 80.8 usd/t from tomorrow, Prices are also benfitting from a good international demand, illustrated by the Egyptian tender yesterday. Russia exported 840 000 t of wheat over the period from 18 to 25 November against 630 000 t in the previous week. Maize prices are losing ground in Ukraine, as a result of harvest pressure. The corn crop could reach between 38 and 40 Mt. To date, according to the Minister of Agriculture, 5.5 Mt have been shipped, which is about the same volume as last year. DISCOVER MORE NEWSLETTER FREE SUBSCRIPTION LIVE NEWS Markets in turmoil Tweets by agritelparis Site map Home Quotations Our company Career Press Products & Services Contacts Contacts 10, avenue de la Grande Armée 75017 Paris, France +33 (0)1 53 05 96 70 +33 (0)1 53 05 96 71 contact@agritel.com Newsletter SIGN UP 2016 © Agritel, an Argus Media company. All Rights Reserved. Registered under n° 13000284 with Orias, www.orias.fr, CIF member of the CNCIF - Legal notices | Terms of use | Conditions Générales de Ventes