Financial agricultural market France and Europe

INFORMATION OF THE DAY
Severe correction of the prices on the agricultural markets

The prices of the agricultural raw materials severely corrected yesterday, in Europe as in the United States, relegating to the second plan fundamental various products. Soya has dropped some for Monday seems to have been the engine of the correction of the prices yesterday on the various markets. The very recent prospect for good harvests of broad bean in South America, a forecast of surface sown in the United States of the raised USDA, some cancellations of American sales were the elements proposed to justify the fall yesterday. Moreover, the crossing downwards of technical points accelerated the fall. Colza/canola lost approximately 5%. In the topicality of colza, the relaxation of part of strategic stocks of oil of colza in China and an expected harvest with 2,14MT in Australia added pressure. Concerning wheat, a certain rise in temperature of the temperatures in the American plains and the snowfalls expected in China weighed on the prices of cereal, in the context of very strong fall of the context oilseeds. Yesterday, there was no handing-over in question of fundamental of the various products, but the hour was well with the correction of the prices.

French market
Agitation on the futures market disturbed the physics activity yesterday. Indeed, the prices on Euronext evolved so quickly that it was difficult for the intermediaries to suggest purchasing price putting and salesmen of agreement.

British market
The London place finished yesterday in clear fall on the whole of the expiries. The contracts May 11 and Nov.11 respectively enclosed with £209/T (- £4/T) and £177.50/T (- £4.50/T). However the LIFFE could have found support in the figures exports published yesterday by the Britanniques customs. Indeed, more wheat 266KT were exported in December carrying the office plurality since July 2010 with 1.89MT; that is to say well with-on this side objective of DEFRA (Ministry for British Agriculture) with 1.33MT for the whole of the countryside. In the remainder of the topicality, the governor of the Bank of England, Mervyn King, suggested yesterday that interest rates could be re-examined upwards to counter inflation galopante very soon (4% in January). Also, after this declaration Sterling appreciated itself vis-a-vis the Euro (£1=1.1956€) and vis-a-vis the American dollar (£1=1.6146$).

Market Black Sea
In Ukraine, the market of the wheat miller continued to be appreciated (+7€/T) yesterday. The prices reached 182€/T EXW in the center of the country. The fodder cultures followed the same tendency, part of the request remaining dissatisfied and thus obliging the purchasers to offer a bonus (+5€/T). The oilseeds were also raises some, colza having treated with 450€/T EXW in the center and east of country. The sunflower dimensioned 430 - 464€/T EXW according to the areas. The prices of soya reached 380€/T CPT Black Sea.