1- Market analyzes (oil, ethanol, oil)
The financial markets missed direction yesterday whereas many indicators were published. The indices stars remained impermeable with the statistics published yesterday in the USA and in Paris, CAC 40 owes its light progression only with the good orientation of the banking values. On the other side of the Atlantic, clear progression of anxious inflation.
Oil market: CONCERN ON THE REQUEST
The courses of the crude and of brent recorded a fall yesterday. The fold is more important for brent than for the crude than one can interpret like a tightening of the spread between these two products. More precisely, the crude loses 49 hundreds to enclose with 84,32$/baril (- 0.5%) whereas brent it loses more than 1%. The markets thus show their concerns in response downwards of the request of the private individuals to the United States last month and of the battle which China against its inflation carries out.
Following the fence, the American Institute of Oil communicated on the inventory position of crude and petrol in the USA. Whereas the markets counted on a rise of stocks of 2.2 million crude barrels, a fall of 354,000 barrels was recorded last week by the API one. In the same way, the increase in petrol stocks is not worthy of expectations of the markets because it is only of 1.2 million barrels whereas the forecasts aimed 1.7.
These figures should be confirmed today by the US government in his report what makes it possible to predict an opening upwards.
Market of ethanol: CORRECTIONS
The courses of ethanol remain practically unchanged yesterday recording a loss of 0.12%. Thus the next expiry on the CBOT encloses with 2,444$/gallon. In a context of market where the catches of profit important following highest have been recorded for 30 months on the agricultural matters as one had recently on corn in particular, the short-term market is not bull.
Indeed, during the meeting of yesterday, the corn lost 1%, sugar 0.3%, the crude and brent it were also in loss. Knowing that the courses of ethanol are correlated with these products, the recorded loss can be regarded as weak.
Market of oils: NEW FOLD
The courses of oils again bent yesterday, incompetents to resist the environmental pressure whereas the Asian markets were closed due to bank holiday. However, the palm keeps its orientation bull whereas the publications, today, of exports on the first fortnight of February should confirm good current dynamics. In the absence of transaction carried out on this product, the operators concentrated on the US market where complex soya was in the grip of catches of profits conditioned by the high levels of price reaches previously. Opinion of all the observers, the courses was ripe for a technical correction related to catches of profits. It is true that the Chinese interest for American soya is declining whereas Brazilian harvest beats full sound and that the outputs better than are discounted. The fold was also very sensitive on the oil which lost nearly 2% on Chicago.
In same time, the reinforcement of the euro vis-a-vis the dollar did not help the oil of colza which also suffers from the difficulties encountered by oil.
2- Analyses of the margins of trituration
STABILIZATION
The courses of the oleaginous complexes were kicked up a rumpus yesterday in a context of catches of profit, the funds thinking right now of making safe part of the results of the first quarter. The very clear correction observed on the courses of wheat, then on those of corn, extended to US soya bean. In Chicago, the avalanche of good news coming from South America does not leave the indifferent operators. The Brazilian production could thus reach a level record of 70 MT and, in same time, the exports availabilities would be posted to 32 MT against 29 MT for the last countryside.
In this context, the attraction for the US origin is called into question and the competition exacerbated on the worldwide markets puts the courses under pressure. This is why, the complex suffered, moving back clearly. Sowings of spring approach and the wheat acreage should also progress.
With final, the generalized fold of the members of the complex made it possible the margins to be stabilized.
In Canada, the canola suffered from technical corrections dependant on the difficulties observed on Chicago.
Lastly, in Europe, the cole-seed clearly moved back, allowing the margins triturating machines to improve.
The financial markets missed direction yesterday whereas many indicators were published. The indices stars remained impermeable with the statistics published yesterday in the USA and in Paris, CAC 40 owes its light progression only with the good orientation of the banking values. On the other side of the Atlantic, clear progression of anxious inflation.
Oil market: CONCERN ON THE REQUEST
The courses of the crude and of brent recorded a fall yesterday. The fold is more important for brent than for the crude than one can interpret like a tightening of the spread between these two products. More precisely, the crude loses 49 hundreds to enclose with 84,32$/baril (- 0.5%) whereas brent it loses more than 1%. The markets thus show their concerns in response downwards of the request of the private individuals to the United States last month and of the battle which China against its inflation carries out.
Following the fence, the American Institute of Oil communicated on the inventory position of crude and petrol in the USA. Whereas the markets counted on a rise of stocks of 2.2 million crude barrels, a fall of 354,000 barrels was recorded last week by the API one. In the same way, the increase in petrol stocks is not worthy of expectations of the markets because it is only of 1.2 million barrels whereas the forecasts aimed 1.7.
These figures should be confirmed today by the US government in his report what makes it possible to predict an opening upwards.
Market of ethanol: CORRECTIONS
The courses of ethanol remain practically unchanged yesterday recording a loss of 0.12%. Thus the next expiry on the CBOT encloses with 2,444$/gallon. In a context of market where the catches of profit important following highest have been recorded for 30 months on the agricultural matters as one had recently on corn in particular, the short-term market is not bull.
Indeed, during the meeting of yesterday, the corn lost 1%, sugar 0.3%, the crude and brent it were also in loss. Knowing that the courses of ethanol are correlated with these products, the recorded loss can be regarded as weak.
Market of oils: NEW FOLD
The courses of oils again bent yesterday, incompetents to resist the environmental pressure whereas the Asian markets were closed due to bank holiday. However, the palm keeps its orientation bull whereas the publications, today, of exports on the first fortnight of February should confirm good current dynamics. In the absence of transaction carried out on this product, the operators concentrated on the US market where complex soya was in the grip of catches of profits conditioned by the high levels of price reaches previously. Opinion of all the observers, the courses was ripe for a technical correction related to catches of profits. It is true that the Chinese interest for American soya is declining whereas Brazilian harvest beats full sound and that the outputs better than are discounted. The fold was also very sensitive on the oil which lost nearly 2% on Chicago.
In same time, the reinforcement of the euro vis-a-vis the dollar did not help the oil of colza which also suffers from the difficulties encountered by oil.
2- Analyses of the margins of trituration
STABILIZATION
The courses of the oleaginous complexes were kicked up a rumpus yesterday in a context of catches of profit, the funds thinking right now of making safe part of the results of the first quarter. The very clear correction observed on the courses of wheat, then on those of corn, extended to US soya bean. In Chicago, the avalanche of good news coming from South America does not leave the indifferent operators. The Brazilian production could thus reach a level record of 70 MT and, in same time, the exports availabilities would be posted to 32 MT against 29 MT for the last countryside.
In this context, the attraction for the US origin is called into question and the competition exacerbated on the worldwide markets puts the courses under pressure. This is why, the complex suffered, moving back clearly. Sowings of spring approach and the wheat acreage should also progress.
With final, the generalized fold of the members of the complex made it possible the margins to be stabilized.
In Canada, the canola suffered from technical corrections dependant on the difficulties observed on Chicago.
Lastly, in Europe, the cole-seed clearly moved back, allowing the margins triturating machines to improve.
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