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Daily | Cereals – Rising tensions in the Black Sea region drive up prices of wheat and corn

THE price soft wheat has climbed on Euronext and the walk French physical between September 12 and 13, taking into account the renewed tension in the Black Sea zone. Those of corn andbarley Forage crops on French markets followed this upward movement for the same reasons.

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A Ukrainian ship carrying wheat for theEgyptwas in fact hit by a Russian missile on Thursday, September 12.
Another bullish element: a Indiathe country has decided to destock part of its volumes in order to lower prices on its domestic market. Import needs cannot be ruled out if the situation continues.
At Canadayields would be disappointing in the state of Alberta.
The dry weather expected in the coming days would favor sowing work in Germany and in tempering the bullish context.

The prices of the but on the US and European futures markets naturally followed soft wheat upwards. Rains in UNITED STATES are likely to slow down plantings. The market continues to record the decline in production in the EU.

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French physical markets from September 13, 2024 (July base for cereals)

Soft wheat Specifications Due date euro/t Variation
Rendering 220/11 miller Harvest 2024 Oct.-Dec. 223.00 N 2.00
Returned to La Pallice 76/220/11 Harvest 2024 Oct.-Dec. 223.00 N 2.00
Returned to 76/220/11 Harvest 2024 Oct.-Dec. 223.00 N 2.00
Pontivy/Guingamp Rendering fodder 74 kg/hl base, 72 kg/hl mini Harvest 2024 Sept.-Dec. 221.00 N 2.00
Fob miller Harvest 2024 Oct.-Dec. 221.00 N 2.00
Fob Rouen FCW Superior A2 class 1 upgrades included Harvest 2024 seven. 226.66 -3.70
FCW Medium A3 class 2 majo. included Harvest 2024 seven. inc.
Fob La Pallice FAW Superior A2 class 1 majo. included Harvest 2024 seven. 229.86 -0.70
Departure BPMF 220 Hagberg Harvest 2024 Sept.-Dec. 221.00 N 2.00
Departure Eure/Eure-et-Loir BPMF 76 kg/hl Harvest 2024 Sept.-Dec. 219.00 N 2.00
Departure South-East miller Harvest 2024 Sept.-Dec. 230.00 N 2.00
Durum wheat Specifications Due date euro/t Variation
Returned to Port-la-Nouvelle semolina standards Harvest 2024 Sept.-Dec. 285.00 N 0.00
Departure Eure/Eure-et-Loir semolina standards Harvest 2024 Sept.-Dec. 275.00 N 0.00
Departure South-East semolina standards Harvest 2024 Sept.-Dec. 280.00-285.00 N 0.00
But Specifications Due date euro/t Variation
Rendering Harvest 2024 Oct.-Dec. 201.00 N 2.00
Returned to La Pallice Harvest 2024 Oct.-Dec. 201.00 N 2.00
Pontivy/Guingamp Rendering Harvest 2024 Oct.-Dec. 209.00 N 2.00
Fob Bordeaux Harvest 2024 Oct.-Dec. 205.00 N 2.00
Fob Rhine Harvest 2023 seven. 210.00 N 2.00
Harvest 2024 Jan-June 211.00 N 2.00
Departure South-East Harvest 2024 Oct.-Dec. 210.00 N 0.00
Forage barley Specifications Due date euro/t Variation
Returned to Rouen 62-63 kg/hl Harvest 2024 Oct.-Dec. 190.00 N 2.00
Pontivy/Guingamp Rendering Harvest 2024 Sept.-Dec. 205.00 N 2.00
Fob Moselle unlimited orgettes Harvest 2024 Oct.-Dec. 185.00 N 2.00
Departure Eure/Eure-et-Loir Harvest 2024 Oct.-Dec. 186.00 N 2.00
Departure South-East 62/63 kg/hl Harvest 2024 Sept.-Dec. 195.00 N 0.00
Brewing barley – Winter 6 rows Specifications Due date euro/t Variation
Fob Faro 11.5% max Port 500 t Harvest 2024 Oct-Mar 228.00 N 0.00
Brewing barley – Spring Specifications Due date euro/t Variation
Fob Creil Planet 11.5% max Port 500 t Harvest 2024 Oct-Mar 238.00 N 0.00

Milling output quotes from September 10, 2024

Its fine soft wheat Specifications Due date euro/t Variation
Departure from Ile-de-France available. 119.00-121.00 T
pellets available. 124.00-126.00 T
Semi-white remoulage Specifications Due date euro/t Variation
Departure from Ile-de-France available. 149.00-151.00 T
Low flour Specifications Due date euro/t Variation
Departure from Ile-de-France available. 174.00-176.00 T

Commercial quotations of dairy products for September 12, 2024

Milk powder Specifications Due date euro/t Variation
NBPL departure at 30 days 5% H BT bulk available. 2500.00 N
Whey Powder Specifications Due date euro/t Variation
NBPL departure at 30 days, BILA pH 6 bulk available. 815.00 N

Dollar / euro evolution on September 13, 2024

Currency Closing value
1 US dollar 0.9024 euro
1 euro 1.1081 dollars

Chicago Futures Market Close of September 13, 2024

Raw materials Fence Chicago
Wheat 578.50 cents/wood.
But 406.00 cents/wood.
Ethanol 2,161 $/gallon

Closing of the Euronext futures market on September 13, 2024

Milling wheat (Euronext)
Due date Fence
Dec. 2024 225.00
March 2025 232.75
May 2025 236.00
Volume 81945
Corn (Euronext)
Due date Fence
Nov. 2024 205.50
March 2025 212.00
June 2025 216.00
Volume 3260

International market quotes for September 13, 2024

Energy Due date Closing value
Oil (Nymex) Oct. 2024 $68.65
Maritime freight indices from September 13 Variation
Baltic Dry Index (BDI) 1890 -37.00
Baltic Panamax Index (BPI) 1428 26.00
Baltic Capesize Index (BCI) 3089 -136.00
Baltic Supramax Index (BSI) 1264 1.00
Baltic Handysize Index (BHSI) 707 -2.00
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